While Columbus seems to be gradually getting interested in Bitcoin, an Ohio State student’s Bitcoin startup has been operating out of a Silicon Valley business accelerator.
Bitcoin is a digital cryptocurrency system developed by a secretive programmer in 2008. It’s an alternative to federally recognized currencies like the U.S. dollar.
Bitcoins can be earned by solving equations with a computer, a process called mining. When a computer mines successfully, it’s rewarded with bitcoins, like when a miner finds gold. The reward is programmed to decrease at intervals until no new bitcoins are generated, so mining has become less profitable over time.
Much like gold and silver, the price of a… Read more