Is bitcoin a revolution?

When Bitcoin was introduced to the world over a decade ago, it was supposed to be a revolution in the finance ecosystem. But that revolution has hardly come to pass as of yet. The cryptocurrency’s tumultuous first decade has been marked by scandals, missteps, and wild price swings.

Is bitcoin a currency?

Bitcoin is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS). Bitcoin is the world’s first decentralized cryptocurrency – a type of digital asset that uses public-key cryptography to record, sign and send transactions over the Bitcoin blockchain – all done without the oversight of a central authority.

What is bitcoin & how does it work?

Bitcoin is the first and most widely recognized cryptocurrency. It enables peer-to-peer exchange of value in the digital realm through the use of a decentralized protocol, cryptography, and a mechanism to achieve global consensus on the state of a periodically updated public transaction ledger called a 'blockchain.'

What is Bitcoin (BTC)?

Sponsored by What's this? What Is Bitcoin? Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions.