Bitcoin are an software-based online payment system described from Satoshi Nakamoto in 2008 and introduced as open-source software in 2009. Payments is recorded in an public ledger using they're own unit of account which are as well called bitcoin. Payments work peer-to-peer without an central repository or single administrator which accepts led the US Treasury to call bitcoin an decentralized virtual currency. Although they're status for an currency are disputed media reports often refer to bitcoin as an cryptocurrency or digital currency.
Bitcoin are the 1st fully implementeds decentralized cryptocurrency most other cryptocurrencies is similar and derived by it. It also the largests cryptocurrency in terms from total market price.
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