By Marc Arbesman, CIO, ThrottleNet, Inc.
What is the hottest technology development of 2013? Most experts will point to the rise of bitcoin.
Bitcoin is on the rise as a digital currency used worldwide. It is a type of money controlled and stored entirely by computers spread across the Internet. More people and more businesses are starting to utilize it.
Unlike a plain U.S. dollar or Euro, bitcoin is also a form of payment system sort of like Paypal or a credit card network.
You can hold on to it, spend it or trade it. It can be moved around cheaply and easily almost like sending an email.
Bitcoin allows you to create transactions without revealing your identity. Yet the system operates in plain public view.