The use of bitcoins has been highlighted in the news recently and will most likely continue to do so due the controversy surrounding the subject.
To ensure that readers of The Motley Experience have a better understanding of what bitcoins actually are, I have put together a basic overview.
Bitcoin is often referred to as a new kind of currency. But it may be best to think of its units being virtual tokens rather than physical coins or notes. However, like all currencies its value is determined by how much people are willing to exchange it for.