Financial Analysts Uncertain Whether Bitcoin Currency Will Succeed After Legal Troubles
Bitcoin is an experimental, decentralized digital currency, which has enabled instant payment anywhere in the world. While still not fully legitimized by many governments, financial analysts continue to debate whether it represents the wave of the future, or a huge dud. The bitcoin essentially uses "peer-to-peer technology to operate with no central authority," and provides a substitute to paypal or to credit cards. Its encryption code, which substitutes paying by credit, eliminates the hassles of banks serving as the middle men.
