(73) Performance. (68) Story. (67) When a terrible drought struck William Kamkwamba's tiny village in Malawi, his family lost all of the season's crops, leaving them with nothing to eat and nothing to sell. The family was starving, and they could hardly find money for food, let alone school fees.
Bitcoin Is Being Monitored by an Increasingly Wary U.S. Government. Some fear virtual currencies could hinder Americaâs ability to disrupt the financial networks of its foes and even upend parts of the global financial system.
Bitcoin is a peer-to-peer decentralized digital currency. It differs from traditional, government-backed currencies in that there is no central issuer, and there are no middlemen involved for various transactions. Back in 1998, the concept of crypto-currency was described by Wei Dai on a cypherpunks mailing list.ith a traditional fiat currency (think the U.S. dollar or the Euro), a central bank (like the Federal Reserve) issues currency. That's not the case with Bitcoin. Instead, coins are generated using a process called mining.