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, which has led the US Treasury to categorize it as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior proposals existed.
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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, and is considered to be the first decentralized digital currency.  
Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value.
 
  
 
==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]
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* [http://pzwart3.wdka.hro.nl/wiki/User:Dusan_Barok/Bitcoin_bits,_trivia_and_anecdotes Bitcoin bits, trivia and anecdotes]
* [http://en.wikipedia.org/wiki/Bitcoin Bitcoin on Wikipedia]
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* [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], [http://en.bitcoin.it/wiki/Research]
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* [http://en.wikipedia.org/wiki/Bitcoin Bitcoin at Wikipedia]
  
 
[[Category:Cryptography]]
 
[[Category:Cryptography]]

Revision as of 12:36, 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.

Links