What Does Bitcoin (BTC) Mean?
Bitcoin is the first decentralized cryptocurrency created. There is no central authority that controls Bitcoin. It uses blockchain technology to create secure digital currency transactions. Instead of trusting a bank that an account has funds available to transfer, Bitcoin makes account information and transaction history public. This allows users to confirm the availability of funds before making a transaction.
Techopedia Explains Bitcoin (BTC)
Bitcoin was created in 2008 by Satoshi Nakamoto. It is widely believed that the name Satoshi Nakamoto is a pseudonym, so the true creator or creators are unknown. Nakamoto released a white paper that outlined the structure of Bitcoin and explained the benefits of cryptocurrency.
