What Is BitCoin

Bitcoin (sign: ฿; abbrv: BTC) is a decentralized digital currency created by the pseudonymous entity Satoshi Nakamoto.[1] It is subdivided into 100-million smaller units called satoshis.[3]

It is the most widely used alternative currency,[2] with the total market cap at over 100 million US dollars.[4][5][6]

Bitcoin has no central issuer; instead, the peer-to-peer network regulates Bitcoins' balances, transactions and issuance according to consensus in network software. Bitcoins are issued to various nodes that verify transactions through computing power; it is established that there will be a limited and scheduled release of no more than 21 million coins, which will be fully issued by the year 2140.[7]

Internationally, Bitcoins can be exchanged and managed through various websites and software along with physical banknotes and coins.[8][9]