So you’ve got yourself a bitcoin. Congratulations! Its value was hovering around $100 at press time. But what can you do with your newly acquired digital riches? Quite a lot, as it turns out—especially if you have a penchant for projects.

More and more vendors who cater to makers accept bitcoin, a digital currency that’s created and maintained by its own extensive virtual network. Bitcoins add little or nothing to overhead because they carry no inherent processing fees and can’t be traced. This translates to savings on tools and materials for projects.