#4 Who did it

The concept was introduced in a 2008 paper by a pseudonymous developer known only as "Satoshi Nakamoto", who called it a peer-to-peer, electronic cash system. The processing of Bitcoin transactions is secured by servers called bitcoin miners. These servers communicate over an internet-based network and confirm transactions by adding them to a ledger which is updated and archived periodically using peer-to-peer filesharing technology.

#3 How to get it

The easiest way to get Bitcoins is from a Tokyo-based Mt.Gox, which is also the largest Bitcoin exchange. You can create an account and start buying Bitcoins using your own currency in a few minutes. The website will display an exchange rate along with a chart with historical exchange rates. To check the current value of your Bitcoins agains your own currency, you can log on to Preev.com. Currently 1 BTC is equivalent to Rs 6,491. Some operators such as Unocoin have resumed their service with strict buying and selling limits India has about 30,000 Bitcoins accounting to one percent of the world’s 12 million.

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