What is Bitcoin?

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

How Does Bitcoin Work?

Bitcoin transactions are verified by network nodes through cryptography and recorded on a public distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining. Transactions are made by sending bitcoins from one digital wallet to another. Transactions are verified by network nodes through cryptography.