I am watching now.
In this movie, it talk about C-Coin, I think real world is Bit-Coin.
What is Bitcoin?
If this the first time you’ve asked yourself that question, then chances are that everything else below will be over your head. But, if you insist on reading along, here’s a quick explainer.
It’s also worth noting that there are currently just over 12.4 million bitcoins in circulation, with a market capitalization of just over $6 billion. As of this writing, the average price of a bitcoin according to Coindesk—an index for the cryptocurrency—of $517 (earlier this morning, the price had dipped below the $500 threshold but it appears to be bouncing back some).
What is/was MtGox?
MtGox is—or was, depending on what actually happen (more on that later)—a bitcoin exchange where individuals can buy and/or sell bitcoins. It is the oldest exchange and, up until yesterday, it was the largest and most popular.
MtGox is—or was, depending on what actually happen (more on that later)—a bitcoin exchange where individuals can buy and/or sell bitcoins. It is the oldest exchange and, up until yesterday, it was the largest and most popular.
What Happened?
MtGox is now completely offline. This development came after the exchange had halted all withdrawals because of technical issues on Feb. 7. Thecompany cited a transaction malleability as the reason behind the transactional freeze, or, to be more specific:
MtGox is now completely offline. This development came after the exchange had halted all withdrawals because of technical issues on Feb. 7. Thecompany cited a transaction malleability as the reason behind the transactional freeze, or, to be more specific:
“A bug in the bitcoin software [that] 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. Since transaction appears as if it has not proceeded correctly, the bitcoins may be resent. MtGox is working with the Bitcoin core development team and others to mitigate the situation.”
More: http://fusion.net/story/4947/the-mtgox-bitcoin-scandal-explained/
More: http://fusion.net/story/4947/the-mtgox-bitcoin-scandal-explained/