Business
PayPal’s big Bitcoin endorsement – The Australian Financial Review
A cryptocurrency once condemned for its use in cyber fraud and money laundering is suddenly being embraced by one of the world’s largest payment platforms.
Millennial demand
In a nutshell, Bitcoin is a blockchain with a specific random number (private key) which cannot be seen by anyone. It is “mined” by computers making massive block calculations. These blocks are rewarded with Bitcoin.
It has five unique features: it is decentralised because the computers mining the Bitcoin are not in one location; it is limited to 21 million Bitcoin;it is authenticated by machines that preserve the privacy of the owner; its consensus algorithm is synchronised; and…
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