Any of you heard of Bitcoins? This relatively new method of online payment has really exploded onto the world stage during 2011, thus I thought it was worth looking into what all the fuss is about.
Bitcoins are one of a number of digital P2P payment methods whose aim is to recreate cash for the digital age. Bitcoin refers to three things:
1) The decentralized, peer-to-peer network that carries the transactions
2) The digital currency itself that users exchange over the above-mentioned network
3) The client software which users use to access the network and carry out transactions