Video Explains Bitcoin and How it Can Change the World
Animated short shows how crypto-currencies can shake up the structure of society
An informative animated video short breaks down the Bitcoin system and explores how crypto currencies can change the way we do business, and even restructure society. In the Bitcoin video, created by designers and entrepreneurs as part of a nonprofit initiative, the relatively new Internet currency system is broken down into simple terms, with easy to understand diagrams and animation.
Bitcoin is a virtual currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. The Bitcoin system is not controlled by anyone and operates through a computer network system. Bitcoin cuts out the middleman required in traditional financial transactions, eliminating the need for banks, paper money, accountants or fees. The free system is used for everything from person to person transactions through mobile devices to paying for goods or services and sending international transactions with no fees.