If you are one of those who are looking to understand a little bit more about what goes into the techniques of bitcoins, here is a look at some of the jargon
It is scary when your friends and acquaintances think 10 times before investing in mutual funds but are willing to bet on bitcoins in a split second. Most of who are jumping on the bitcoin bandwagon right now may not know the nuances of cryptocurrencies. And the reason for the interest is bitcoins, despite their lack of awareness, and is largely driven by the price movement that has been touching all-time highs almost every week. This week, bitcoin crossed the $10,000-mark. We know that bitcoins are created using encryption techniques. If you are one of those who are looking to understand a little bit more about bitcoins and what goes into these techniques, here is a look at some of the jargon that is essential to understand bitcoins.