Introduced in 2009, Bitcoin is an online, digital currency which doesn’t have a central bank or ownership and is often referred to as a peer-to-peer payment system. Bitcoins are generated through a process known as "mining." This involves using specific software to solve maths problems. When a maths problem is solved, the "miner" is rewarded with a Bitcoin. These Bitcoins can then be exchanged for goods and services. Although the number of companies who accept Bitcoins is currently limited, as the currency becomes more well known the number is growing. Bitcoins can also be bought using other currencies. Bitcoin is also a "crypto-currency" which means it uses cryptography to drive the production of Bitcoins and Bitcoin transactions. This makes the currency extremely secure. The "block chain," which is effectively a public book of accounts, is used to check that genuine Bitcoins are being exchanged in all transactions. Bitcoin benefits from no limits of exchange as users can perform instant transactions at an
Belarus is one of a few countries in the world that has never used coins. However, despite legal tender coins not existing in Belarus, many special edition Belarusian collectors’ coins are produced in gold and silver. The first Belarusian Ruble coins were introduced in 1996 and they depict subjects related to culture and events in Belarus as well as children’s stories and other topics. Most of the coins are 1 Ruble but 3 Ruble and 5 Ruble coins also exist.