What is Bitcoin? - CoinDesk

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.What is Bitcoin? - InvestopediaBitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is decentralized, meaning it is not subject to government or financial institution control. The network is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto in 2008.Bitcoin is a cryptocurrency, a digital asset designed to work