BitcoinBeginner

Bitcoin

A peer-to-peer monetary network whose native asset is bitcoin, commonly abbreviated BTC.

PLAIN-ENGLISH DEFINITION

In more detail

Its rules let users verify payments and issuance without a central payment processor.

PUT IT IN CONTEXT

A practical example

Two users transfer BTC using a transaction verified by independent nodes.

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Educational explanation based on the linked documentation. Protocol details can evolve. Sources & standards