Sentence examples for using the Bitcoin used from inspiring English sources

"For example, when you buy a digital book it could be encrypted using the Bitcoin used to buy it as the key to unlock it".

Pizza can now be bought using the bitcoin virtual currency.

Paypal subsidiary Braintree has started working on ways to process payments using the Bitcoin virtual currency.

Insurance payouts will be calculated using the Bitcoin to US dollar exchange rate at the time a claim is made.

MtGox said in a statement: "A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a Bitcoin wallet did not occur when in fact it did occur.

Most of these companies will use the Bitcoin protocol for their launch pad and a few are trying to improve upon the basic Bitcoin concept.

Users can transfer the digital coins without using banks and can use the bitcoins to pay for goods and services from merchants who take this currency; so far, that includes the dating site OkCupid and murky websites that sell illegal drugs and firearms.

Each account owner can send bitcoins to the public key and use it to verify the accuracy of the signature; however, only the owner with the private key can use the bitcoins from the account.

"Bitcoin used to be just in the land of computer geeks, but not anymore," he said.

These alternative cryptocurrencies were dubbed 'altcoins.' One of the great things about the Litecoin, introduced in October 2011, was its use of 'Scrypt' for the hash function, rather than using SHA-256 that bitcoin used.

We don't use bitcoin, we use the blockchain.