What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.
Well, in my part if I would be asked the same question of what is bitcoin? I will gladly state that it is now the future currency of the today's generation. The existence of bitcoin make it a way to the innovative improvement of our fiat system or simply the real money we have. It is generated and operated through the use of technological devices such as mobiles and computers wherein the access to the internet is a must because from the term itself a cryptocurrency, is a currency type which is based on the online usage. It allows easy access and fast transaction to undergo an easy process which makes life comfortable.