|Chip technology behind the Bitcoin phenomenon - Century Link data center|
electronicsweekly.com / richard wilson / 15th August 2014
Ever wondered what the Bitcoin currency means to the electronics industry?
Well, there is a Bitcoin electronics ecosystem, and it seems to be growing.
An early developer of hardware systems for Bitcoin mining is US-based CoinTerra and it has recently expanded its business by acquiring Europe-based Bitcoin related software company Bits of Proof.
Dubbed the ‘virtual currency’, Bitcoin is a software-based online payment system which is based on open-source software.
Mining is the name given to the process of creating a currency transaction and adding it to Bitcoin’s global database of transactions. Called the block chain, this electronic database confirms all transactions on the network. - READ MORE: http://www.electronicsweekly.com/news/components/programmable-logic-and-asic/chip-technology-behind-bitcoin-phenomenon-2014-08