What is Bitcoin?

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.

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.

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Bitcoins are created by a process called "mining." They are generated by computers as they solve complex mathematical problems. Miners are rewarded with bitcoins for their efforts.

Bitcoins can be used to purchase goods and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Bitcoins are generated by a process called "mining." They are generated by computers as they solve complex mathematical problems. Miners are rewarded with bitcoins for their efforts.

Bitcoins can be used to purchase goods and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.