What is Bitcoin (BTC)?

BTC definition: What is Bitcoin? Bitcoin is a form of digital currency that aims to eliminate the need for central authorities such as banks or governments. Instead, Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network.

Is Monero a bitcoin?

Like Bitcoin, Monero is a decentralized peer-to-peer cryptocurrency, but unlike Bitcoin, Monero is characterized as a more anonymous or privacy-oriented digital cash . Monero is a popular blockchain-based cryptocurrency, or altcoin. Monero has several privacy-enhancing features that improve upon Bitcoin.

Is bitcoin a digital money?

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. What's the price of bitcoin? The current price of Bitcoin can be found on Coinbase's website.

What is bitcoin & how does it work?

Bitcoin is a digital asset designed to work in peer-to-peer transactions as a currency. Bitcoins have three qualities useful in a currency, according to The Economist in January 2015: they are "hard to earn, limited in supply and easy to verify".