Difference between revisions of "Bitcoin"
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− | '''Bitcoin''' is a payment system invented by [[Satoshi Nakamoto]] in 2008 and introduced as open-source software in 2009. The system is peer-to-peer; users can transact directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain. The ledger uses its own unit of account, also called bitcoin. The system works without a central repository or single administrator, | + | '''Bitcoin''' is a payment system invented by [[Satoshi Nakamoto]] in 2008 and introduced as open-source software in 2009. The system is peer-to-peer; users can transact directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain. The ledger uses its own unit of account, also called bitcoin. The system works without a central repository or single administrator, and is considered to be the first decentralized digital currency. |
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==Links== | ==Links== | ||
* [http://bitcoin.org Home page] | * [http://bitcoin.org Home page] | ||
* [http://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg/edit?pli=1#gid=0 Bibliography], [http://suitpossum.blogspot.co.uk/2014/12/academic-bitcoin-research.html], [https://en.bitcoin.it/wiki/Research] | * [http://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg/edit?pli=1#gid=0 Bibliography], [http://suitpossum.blogspot.co.uk/2014/12/academic-bitcoin-research.html], [https://en.bitcoin.it/wiki/Research] | ||
− | * [http://en.wikipedia.org/wiki/Bitcoin Bitcoin | + | * [http://en.wikipedia.org/wiki/Bitcoin Bitcoin at Wikipedia] |
[[Category:Cryptography]] | [[Category:Cryptography]] |
Revision as of 12:30, 13 January 2015
Bitcoin is a payment system invented by Satoshi Nakamoto in 2008 and introduced as open-source software in 2009. The system is peer-to-peer; users can transact directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain. The ledger uses its own unit of account, also called bitcoin. The system works without a central repository or single administrator, and is considered to be the first decentralized digital currency.