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Bitcoin is a complex digital currency – a peer-to-peer virtual currency stored in a digital wallet (either in a cloud or on a user’s computer). The bitcoin value surged in the recent months, even eclipsing the gold value at one point.

This Bitcoin infographic below depicts similarities and differences between bitcoin and gold. New bitcoins are generated by bitcoin mining – competitive and decentralized process using bitcoin mining hardware.

These days California legalized Bitcoin but which countries have weighed in? Thailand rejected Bitcoin as currency and shut down the bitcoin exchange. Norway was the first country to chime in, stating it would not accept bitcoin as a legal currency. In May 2014 Bitcoin prices rebound, rising 64% in just over a month.

 

bitcoin-vs-gold-infographic

Source: http://www.jmbullion.com/bitcoin-vs-gold-infographic/

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