Language

What is Bitcoin

2025-06-07 22:32:43

Bitcoin with capital letters is used to represent the concept of Bitcoin or the entire Bitcoin network itself. For example: "Today I learned something about the Bitcoin protocol."

Bitcoin without capital letters represents a unit of account. For example: "I transferred 10 bitcoins today." This unit is often abbreviated as BTC or XBT.

What is Bitcoin?

Bitcoin is a decentralized digital asset. It is a new type of asset that sits alongside traditional assets such as cash, gold, and real estate.

Bitcoin is the first currency that implements the concept of "cryptocurrency". In 2009, Satoshi Nakamoto published the first Bitcoin specification and its proof of concept on the cryptography mailing list.

Introduction to Bitcoin

On October 31, 2008, Satoshi Nakamoto first proposed the concept of Bitcoin. On January 3, 2009, he developed the first client program to implement the Bitcoin algorithm, and the first Bitcoin was born.

How Bitcoin Was Created

Bitcoin is a cryptocurrency based on decentralization, adopts peer-to-peer networks and consensus initiative, open source code, and uses blockchain as the underlying technology.

Introduction to Bitcoin trading methods

Here we only introduce the on-chain transaction method of Bitcoin. The transaction initiator creates a transaction and signs the transaction with a private key. This signature indicates the permission of the Bitcoin owner to the transaction and also ensur