I have been asked several times over the past one year. Well, it is a technological development that utilize a technique better known as cryptography. And what is cryptography? The technique of protecting information by transforming it (encrypting) into unreadable format, that can only be deciphered (decrypted) by someone who possess a secret key.
Cryptocurrencies such as Bitcoins are secured via this technique using an ingenious system of public and private keys. Ladies and Gentlemen. Let me take a step back and talk a little bit about the Cyberspace, the vast new domain of interaction, where we are all connected in the modern world. A place where we are all unified, and totally free.