What is a Bitcoin?

What is a Bitcoin?

Bitcoin (sign: BTC) is a decentralized digital currency based on an open-source, peer-to-peer internet protocol. It was introduced by a pseudonymous developer named Satoshi Nakamoto in 2009.
Internationally, bitcoins can be exchanged by personal computer directly through a wallet file or a website without an intermediate financial institution. In trade, one bitcoin is subdivided into 100-million smaller units called satoshis, defined by eight decimal places.

Source: http://en.wikipedia.org/wiki/Bitcoin

2 thoughts on “What is a Bitcoin?

  1. Pymnaccency

    BitCoin Prices already dropped from $145 USD to $112.00 USD so far Today,
    for inside on the BitCoin market visit – btcinvestment.org

  2. TalkBitcoinsAdmin Post author

    It’s trying to gain control back, now slowly but surely up to $124ish today 🙂

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