Bitcoin: A gold rush in the digital age

- Reuters

UNLESS you have been living under a rock, you would have heard the buzz about cryptocurrency, and Bitcoin in particular. Debates are raging everywhere, and on a global scale – on television, print media and even WhatsApp chat groups. But the one fundamental question that always comes up is "Should we buy ah?"

So what is Bitcoin? Bitcoin, along with other cryptocurrencies (crypto) such as Ethereum, Ripple, NEM, Litecoin, Dash, Zcash and hundreds more, are basically a form of digital currency where encryption techniques are used to regulate the production and verification of transfers of such units.