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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Bitcoin, introduced in 2008 by an anonymous creator known as Satoshi Nakamoto, is a decentralized, digital currency exchanged through a peer-to-peer network without centralized authorities. It's the world's first decentralized cryptocurrency, using blockchain technology to secure and verify transactions.www.coindesk.com/learn/what-is-bitcoin/In short – Bitcoin is the first cryptocurrency ever created. It is a digital currency that operates electronically and is not controlled by a central bank or government. Because it's decentralized, Bitcoin runs on a peer-to-peer network where transactions are conducted directly between users.cryptomaniaks.com/what-is-bitcoinBitcoin (BTC) is a form of digital money. It exists on its own network that facilitates secure, online transactions directly between accounts without requiring an intermediary — such as a bank or credit card company — to mediate and validate transactions.www.gemini.com/cryptopedia/bitcoin-for-dummies-…Bitcoin is a form of digital currency that uses blockchain technology to support transactions between users on a decentralized network. New Bitcoins are created as part of the mining process, as a reward to people whose computer systems help validate transactions.www.nerdwallet.com/article/investing/what-is-bitcoinBitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual - there are no physical coins or notes. It's like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin and some countries have banned it altogether.www.bbc.co.uk/newsround/25622442
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