A research project by students at the University of Missouri St. Louis for educating the public on the new digital currency Bitcoin.

What is Bitcoin?

Bitcoin is a peer-to-peer, digital, cryptographic currency. It is decentralized and fairly anonymous. All transactions on the network are visible to the public. New Bitcoins are 'mined' by solving difficult cryptographic puzzles. Only 21 million Bitcoins will ever be minted.

The following video by Bitcoin.org provides a short, but excellent introduction to Bitcoin that is easy to understand.