This article needs translation(s). If you are interested and able to translate to/from English, Dutch, French, German and/or Spanish, please visit this page to find out how you can help.

This article has not been completely written. Please contribute.

Bitcoin (Protocol) (Stub)

Bitcoin is a software-based online payment system described by Satoshi Nakamoto in 2008 and introduced as open-source software in 2009. Payments are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.

Bitcoin is the first fully implemented decentralized cryptocurrency; most other cryptocurrencies are similar and derived from it. It is also the largest cryptocurrency in terms of total market value.

Source – Wikipedia

Comment on this Article