Well if your asking yourself what the heck is a Bitcoin here's a little bit about it.
Bitcoin is a decentralized electronic cash system that uses peer-to-peer networking, digital signatures and cryptographic proof to process online payments. Though distributed, the system enables users to conduct irreversible transactions without the need to trust any third-party individual or organization. By eliminating third-party involvement in a transaction, the system may achieve lower transaction costs by removing necessary dispute resolution services from the payment process. Bitcoin is also the name of an alternative, digital currency managed by the system.
Nodes broadcast transactions to the network, which records them in a public history, called the blockchain, after validating them with a proof-of-work system. Users make transactions with bitcoins, an alternative, digital currency that the network issues according to predetermined rules. Bitcoins do not have the backing of and do not represent any government-issued currency. It is the first of a new breed of cryptocurrencies that do not require a central authority.
The Bitcoin network came into existence on 3 January 2009 with the issuance of the first bitcoins. In the same month the creator, Satoshi Nakamoto (thought to be a pseudonym), released the original Bitcoin client as open-source software. Prior to the invention of Bitcoin, electronic commerce systems could not securely operate without relying on a central authority to prevent double-spending. Nakamoto sidestepped this requirement for Bitcoin by employing a proof-of-work approach in a peer-to-peer network to reach consensus between peers on the validity of transactions. Bitcoin is a relatively new project under active development. As such, its developers caution that users should treat it as experimental software.
Here's the interesting thing about these. Bitcoin's are mined with a computer, you can mine these at home if you have the right graphic's card or you can build yourself a minning rig. I really don't know to much about this but I sure am curious. One of the down side's of minning is the electricity it take's to mine them. But depending on where you live it can be profitable. And not to mention the price of the Bitcoin fluctuate's. Like when I won my first 10 bitcoin's they were only worth $4.50 each ($45.00 Total for all ten) right now as im typing this they are worth $11 each ($110.00 Total for all ten). So that can be a good thing or a bad thing. Anyway just thought I would share a little about these little wonder's. So if anyone read's this and would like to learn more about them just goggle Bitcoin and see if it don't go right over your head like it did mine......lol.