Bitcoin explained in handy video

Catch up on the background and issues surrounding the digital currency

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If you've been following tech circles lately, there's been an increase in the number of stories discussing bitcoins, but you may have ignored some of these or earlier explanations about what it was and how it worked.

Fortunately, there's a video now up that can explain the basic concepts to get you started, courtesy of animator Duncan Elms:

Bitcoin Explained from Duncan Elms on Vimeo.

Of course, there's always the Wikipedia entry for bitcoin as well. But we like watching animation more than reading.

Keith Shaw rounds up the best in geek video in his ITworld.tv blog. Follow Keith on Twitter at @shawkeith. For the latest IT news, analysis and how-tos, follow ITworld on Twitter, Facebook, and Google+.

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