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 was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
NOTE: WARNING: Carrot Bitcoin is a crypto-currency that is not regulated by a government or financial institution and is not backed by any real assets. Its value is highly volatile and could potentially lose significant value in a matter of minutes. As such, investing in Carrot Bitcoin carries a high level of risk and should only be done with funds you are willing to lose. Please consult a financial professional before engaging in any Carrot Bitcoin transactions.
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.
9 Related Question Answers Found
Purse Bitcoin is a new type of currency that allows people to transact without the need for a third party. It is similar to regular Bitcoin, but with some key differences. For one, you don’t need a bank or other financial institution to hold or manage your Purse Bitcoin.
Bitcoin Bit is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin Bit was created in 2009 as an open source project.
What is Bitcoin? Bitcoin is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008. Bitcoin is decentralized, meaning it is not subject to government or financial institution control.
When it comes to Bitcoin, there is a lot of confusion out there. People are not quite sure what it is, or how it works. In this article, we are going to take a closer look at Bitcoin and try to answer the question – what exactly 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. Bitcoin is unique in that there are a finite number of them: 21 million.
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 was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Bitcoin is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008. Bitcoin is a decentralized system, meaning there is no central authority or middleman controlling the currency. Transactions are instead verified by a network of nodes, or computers, through a process known as mining.
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Patricia Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. It is a decentralized peer-to-peer payment network that does not require a central authority to operate. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain.
