Bitcoin Expert EDWARDO JACKSON on How the Digital Currency Can Create Black Wealth.
“PEOPLE LIKEN IT TO digital gold,” says Edwardo Jackson, an author, entrepreneur, and authority on bitcoins. The “it” that Jackson is referring to is a bitcoin—an encrypted digital currency and infrastructure. Jackson and other growing voices are convinced that bitcoins are not only the finances of the future, but they are a potential way for African Americans to further their financial status and their businesses.
Bitcoins are digital, so there are no banks, or paper, or even actual coins involved. A solid definition, according to lifewire.com, is that they are “electricity converted into long strings of code that have money value.” Instead of a bank, hundreds of computers all over the world are set up by regular, everyday individuals as “bitcoin miners.” These computers process bitcoin transactions.
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