Bitcoin

The world’s first and original cryptocurrency and payment network with a peer-to-peer potential.

Bitcoin is the world’s first and original digital currency that uses an encrypted distributed ledger called a blockchain to record and manage transactions. Originally, Bitcoin referred to the cryptocurrency that was designed and developed by a presumably pseudonymous person or group of persons named Satoshi Nakamoto. Now, the term is largely used to describe a variety of crypto-related stuff, including the aforementioned ledger for transactions on the peer-to-peer (P2P) network and the protocols that enable the entire system to run.

Bitcoin is notable for being the epic concept that introduced the decentralized P2P payment system. It effectively pioneered the system that reduced the need for financial intermediaries such as banks, cut down transaction costs, and boosted transaction speeds.