Bitcoin is an open source peer-to-peer and payment solution using encryption to make transactions safe and decentralized. You can actually use it to buy stuff and it has been around since 2009.

For the first time ever, it has been used to purchase an electric vehicle, and namely a Tesla Model S sedan.

This crypto-currency doesn’t really look like it’s going away in fact , the extent of its use grows and diversifies; those who invested in it from the start have seen genuinely impressive returns in the four years the network has been operational.

Lengthy video explanation as to how it all works can be found below.