What Is A Bitcoin
Abbreviated as BTC, a bitcoin is a compound of the words bit and coin and describes a type of digital currency. This currency is transacted on the Internet using an open-source, peer-to-peer protocol, known as the bitcoin network. Smartphones, websites, and applications can send and receive bitcoins through the use of digital wallets, using ECDSA digital signatures to verify the transactions. The bitcoin is not a standard currency, meaning it has no central bank to manage it like a standard currency does (i....