Description: Can You Actually Buy Anything With Bitcoin?, How to send and receive Bitcoin - Bitcoin 101, How to Buy, Use, and Spend Bitcoin | Mashable Explains, How to Use a Bitcoin ATM - ChainBytes, Bitcoin.com Wallet: How to find your Bitcoin address
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BTC may refer to:
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto , who published the invention in 2008 and released it as open-source software in 2009. The system is peer-to-peer ; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain . The ledger uses bitcoin as its unit of account . The system works without a central repository or single administrator, which has led the U.S. Treasury to
Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into a public ledger. This activity is called mining and miners are rewarded with transaction fees and newly created bitcoins. Besides being obtained by mining, bitcoins can be exchanged for other currencies, products, and services. Users can send and receive bitcoins for an optional transaction fee.