All The Basics Of Virtual Currencies
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Have you heard about Bitcoin Is Bitcoin Mining Today's Gold Rush? Is Bitcoin Mining Today's Gold Rush? Did you know that the first person who discovered gold during the California Gold Rush never profited from it? Read More ? How about Dogecoin Dogecoin: How A Meme Became the 3rd Largest Digital Coin Dogecoin: How A Meme Became the 3rd Largest Digital Coin Read More ? Litecoin A Full Guide To Getting Started With Mining Litecoin A Full Guide To Getting Started With Mining Litecoin Read More , even? In case you haven’t been paying attention, there’s a new world of virtual currencies out there. These cryptocurrencies promise a private way to pay for things.

Of course, like anything new, they can be complicated. We’ve no shortage Stay Up-to-date On Your CryptoCurrency With These Android Apps Stay Up-to-date On Your CryptoCurrency With These Android Apps Keeping track of virtual currency change and day trading can both be fun, and a way to increase your profits after a good day's mining. Read More of articles on the matter here at MakeUseOf for those looking to dig in a little deeper, but if you just want a basic understanding, the infographic below will break it all down for you. Check it out, and next time your friends are talking Bitcoin, you’ll know what’s happening!

Via Virtual Currency Today

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Virtual-Currencies-The-Future-of-Payments

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  1. Trev
    December 15, 2014 at 6:55 pm

    You may want to add Rimbit to the list.

  2. KT
    December 13, 2014 at 1:13 pm

    Virtual currencies are fascinating indeed. In a world full of traditional currency manipulation and poor economic policies, I believe they were invented out of necessity as an alternative to the traditional currencies and precious metals. Though early data shows that even virtual currencies aren't beyond the hand of manipulation. The up side is the anonymity they offer over greater distances than metals could ever reach. I'm curious to to see where the growth cycle takes them.