Bit-what? It’s the world’s largest digital currency, and it’s confusing. To clarify how the “currency” could be monopolizing your business in the future, Lata Nott on Chadbourne & Parke’s TMT Perspectives Blog has written a primer on what, exactly, is a Bitcoin.
The futuristic currency was created in 2009 by a person or group with the pseudonym Satoshi Nakamoto with “the goal of creating a currency that could run independently from banks and governments,” explains Nott. Written into the software that creates the coins is a limitation that there will only ever be around 12 million in circulation.
