TECH

What Is Bitcoin? (VIDEO)

10/04/2013 08:56 BST | Updated 09/06/2013 10:12 BST

What is Bitcoin?

The open-source, peer-to-peer digital currency has been making headlines for months, and is particularly hot right now due to both its rapidly increasing value and its links to various viruses and hacking attempts.

But what is it, who makes it and how is it different from any other make-believe money - like, for instance, Pounds Sterling?

The video above by Duncan Elms seeks to explain - take a look and learn, once and for all, about this amazing, terrifying new way in which the world you know and endure will probably come to an end.