Bitcoin: Open Source P2P Money: Kind of Interesting

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

Courtesy of Wikipedia

Bitcoin is a software-based payment system described by Satoshi Nakamoto[note 1] in 2008,[4] and introduced as open-source software in 2009.[5] Payments are recorded in a public ledger using its own unit of account,[6] which is also called bitcoin.[note 2] Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency.[9] Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.[10]

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins.[11] Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services.[12] Users can send and receive bitcoins electronically for an optional transaction fee[13] using wallet software on a personal computer, mobile device, or a web application.

Interesting Watch:

Internet for Educators

I have returned from my long absence from blogging, to return for the purpose of connecting and interacting with other professionals. Internet for educators, more than just a university class, it has become synonymous with the teaching profession. Modernity and the ubiquitous availability of technology and the drive for connectivity demands professionals to be in-tuned with this medium of communication. Communication between professionals enables the sharing of resources and ideas, beyond this it helps students acquire information and concepts more readily. Students need to be guided in responsible use of technology. Technology has completely revolutionized the availability of resources, but technology has begun to shape those who utilize it. Technology is excellent, but complete dependence is something that must be avoided at all ends. Pedagogically students must see technology as a tool not a life support. 

"Education is the most powerful weapon which you can use to change the world." -Nelson Mandela

"Education is an admirable thing, but it is well to remember from time to time that nothing that is worth knowing can be taught" -Oscar Wilde