The Jamaican bobsled team perennially famous thanks to the movie "Cool Runnings" is a little closer to competing in the Sochi Olympics thanks to an Internet community that uses a small but growing form of online currency.
As of Monday, users of the cryptocurrency Dogecoin had raised more than $35,000 for the island nation's two-man bobsled team, made up of Winston Watts and Marvin Dixon. And if the that last sentence didn't entirely make sense to you, don't worry; though growing, "cryptocurrency" and "Dogecoin" are still relatively new inventions. Here's the lowdown:
A cryptocurrency is basically a type of digital currency that is used primarily for online transactions, but can be exchanged for more familiar kinds. And unlike traditional currencies the dollar or the euro, for example these digital currencies aren't controlled by any world government. Instead, they're "open source," meaning people trade them and use them on their own.