BTC Definition: What is Bitcoin?
Bitcoin is a form of digital currency that aims to remove the need for a central authority such as a bank or government. In contrast, Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network.
Transactions are authenticated by Bitcoin's consensus proof-of-work mechanism, which rewards cryptocurrency miners for validating transaction
Started in 2009 by a mysterious developer named Satoshi Nakamoto
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, Bitcoin (BTC) was the first and remains the most valuable entrant in the new asset class known as cryptocurrencies.
Bitcoin price today
The chart below shows current and historical bitcoin price data.
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