What is bitcoin ()?

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.

How is Bitcoin distributed?

Distributed: All Bitcoin transactions are recorded on a public ledger that has come to be known as the 'blockchain.' The network relies on people voluntarily storing copies of the ledger and running the Bitcoin protocol software.

What is the signature characteristic of bitcoin?

The signature characteristic of Bitcoin is that the network was designed not to need a central authority. The Bitcoin network is a decentralized peer-to-peer network which shares a public ledger called a blockchain. Because Bitcoin is a public blockchain, there are many stakeholders.

What is the meaning of BTC?

What is BTC? BTC is the abbreviation for bitcoin. Is Bitcoin cryptocurrency? Yes, bitcoin is the first widely adopted cryptocurrency, which is just another way of saying digital money. Is there a simple bitcoin definition? Bitcoin is digital money that allows secure and seamless peer-to-peer transactions on the internet.