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Bitcoin ( ₿ ) is a cryptocurrency, a form of electronic is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer- to- peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities. The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Over the course of bitcoin' s history, it has undergone rapid growth.
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