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June 26, 2013 11:23 pm GMT

How Much Is Your Bitcoin Worth? Use This Calculator

Btc

Bitcoin is a decentralized cryptocurrency that offers pseudonymity to its users. Although a Bitcoin has no intrinsic value, its becoming an increasingly popular form of digital currency, attracting venture capitalist attention, from Fred Wilson of Union Square Ventures to the Winklevoss twins

There is a limited supply of Bitcoins, 21 million in total, with 11 million currently in circulation. While Bitcoin allows you to keep your identity concealed, the block chain acts as a public ledger of every Bitcoin transaction. Part of their appeal, Bitcoins can avoid centralized banking fees and international money wiring fees.

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