BitcoinOne bitcoin is a unit of the virtual currency called Bitcoin. BTC is the ticker symbol for Bitcoin, and refers... is a cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership.... It operates without the need for a central authorityA central authority is an entity that holds centralized control over something, such as a financial exchange, asset, or transaction.... like a central bank or a company, unlike government-issued or fiat currencies controlled by a country’s central bank (i.e., USD, EUR). The bitcoin networkBitcoin network is the decentralized peer-to-peer network that powers the Bitcoin blockchain and processes all transactions on the blockchain. is a decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... peer-to-peer network that enables users to send funds to each other without going through intermediaries.
