Cyberlaw: Bitcoins


A bitcoin is a form of virtual currency. Bitcoins are just one of numerous virtual cryptocurrencies; others include Dogecoin and Litecoin.

Bitcoins were created by a developer (or developers) who operated under the pseudonym Satoshi Nakamoto. The first open source bitcoin wallet launched in 2009. Since then, a group of developers have maintained and improved the software. The technology is called Bitcoin, and the units of currency are called bitcoins.

Originally Published in Bulletin, the official monthly publication of the Bar Association of Erie County - April 2014.

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Topics:  Bitcoins, Virtual Currency

Published In: Finance & Banking Updates, Science, Computers & Technology Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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