Bitcoin is a cryptocurrency, a form of electronic cash. It 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 Stock Symbol?
The Bitcoin stock symbol is not as straightforward as one might think. There is no one official symbol for Bitcoin, however, there are many different symbols that represent it.
The most popular Bitcoin symbol is BTC, which is also the ticker symbol for the world’s largest cryptocurrency exchange, Coinbase. Other popular symbols for Bitcoin include: XBT, ETH and LTC.