SALT LAKE CITY, Utah (News4Utah) – Bitcoin and blockchain are terms you’ve probably heard, but how much do you really know about them?
President of Medici Ventures and board member for Overstock Jonathan Johnson stops by Inside Utah Politics to break down what cryptocurrency really is.
“It’s technology that lets you and me interact with each other providing the trust through technology, that today we have through institutions like banks, governments, and brokers,” said Johnson.
Johnson also says that crytocurrency such as bitcoin is not tangible like regular American currency.
“It’s not tangible because there’s not a coin or a bill per say, it’s a digital representation,” Johnson said.
He also talks about mining this currency and where he sees it going from here.