Port Douglas & Mossman Gazette - - NEWS -

A dig­i­tal cur­rency that is held elec­tron­i­cally and is a world­wide pay­ment sys­tem. It is cre­ated from noth­ing and has no ac­tual solid form apart from a gold-plated sou­venir. How do I buy it? It can be bought or sold us­ing an ex­change plat­form us­ing con­ven­tional money. Fees are charged to do trades. How does it work? It’s en­tirely dig­i­tal. A bitcoin trans­ac­tion can be trans­ferred be­tween Bitcoin wal­lets that are in­cluded in the block chain. Bitcoin wal­lets keep a piece of data called a pri­vate key or seed, which is used to sign trans­ac­tions to en­sure it has come from the owner of the wal­let.

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