What's the story behind Bitcoin?

Sunday Social 29/04/2018
Credit: Getty.

Bitcoin started around nine years ago and only in recent years, has kicked off.

CEO and founder of ‘Auckland Block Chain Studios Centrality’, Aaron McDonald, joins Vaughn Davis talking Bitcoin.

Mr. McDonald explains Block Chain is much like a public ledger, wherein anyone can add Bitcoin transactions to that network… (as long as they follow the rules).

In the Bitcoin world an intermediary isn’t necessary to exchange values.

Currently there are about one million untouched Bitcoins sitting in the account which are now worth billions. It is only through mining and minting that these Bitcoins will come into being.

Listen to the full audio with Aaron McDonald above.

Sunday Social with Vaughn Davis, 7pm - 8pm on RadioLIVE and streaming live to the Rova app on Android and iPhone.