Bitcoin is a decentralized digital currency that was invented in 2008 by an unknown person or group using the name Satoshi Nakamoto. It is a peer-to-peer system that enables transactions to be made without the need for a central authority o is digital money that runs on a distributed network of computers. Sometimes people use the word Bitcoin to refer to other things: the currency itself, the decentralized A public ledger, also known as a public blockchain, is a transparent and publicly accessible record of all transactions that have occurred on a blockchain network. It allows anyone to view and verify transaction history without revealing th More its transactions are recorded in, the Bitcoin protocol with which the computers communicate, or simply the ecosystem that includes all of that. Bitcoin as Peer-to-Peer refers to a decentralized network architecture where participants interact directly with each other without the need for intermediaries. In cryptocurrencies, P2P networks allow users to send and receive transactions directly wi More digital currency is sometimes referred to as bitcoin (with lower “b”) or simply BTC. Bitcoin is a A cryptocurrency is a digital or virtual form of currency that uses cryptography for secure transactions and operates independently of a central bank. Examples include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). More, which means it is a digital currency that is protected by Cryptographic techniques are methods used to secure information and communications from unauthorized access or modification. These techniques use mathematical algorithms and protocols to protect data in transit or at rest. One common crypto More. It was the first cryptocurrency that came into existence, and the first Bitcoin transaction block – known as the The genesis block is the very first block in a blockchain network. It is also sometimes referred to as Block 0 or Block #1. The genesis block serves as the foundation of the entire blockchain and is manually created or hard coded into the b More was mined on the 3rd of January 2009. Join Andy from ‘What’s Trending?’ and Byte Federal to learn more in this quick vid! FOR MORE INFO VISIT: bytefederal.com/bitcoin/ Ready to explore BTC more thoroughly? Find a Byte Federal Bitcoin ATM Near You by downloading our BYTE In the context of Bitcoin, a wallet is a digital software application that allows users to securely store, send, and receive Bitcoins. It functions much like a physical wallet that holds cash, except that it is entirely digital. A Bitcoin w More, today. Choose Byte Federal. Go Bank, Yourself.