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Can Bitcoin be substituted for a Legal Tender?
Manage episode 313654025 series 3279794
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This episode is also available as a blog post: https://ecofunomics.com/fun/23/
Bitcoin is a cryptocurrency that is designed to work as a payment system. It is a new form of money that uses cryptography to control its creation and transactions. In simple terms, it is like cash for the internet i.e. virtual money. Unlike Paytm or any other money wallet apps, it is not a double-entry book-keeping. It has a unique triple entry book-keeping system.
#bitcoin #investment
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