BitcoinBeginner

Bitcoin

A peer-to-peer monetary network whose native asset is bitcoin, usually written as BTC.

PLAIN-ENGLISH DEFINITION

In more detail

Bitcoin lets people send value without a mandatory central payment processor. Nodes independently check the rules for spending and creating coins, while miners compete to add blocks. In crypto chats, 'Bitcoin' can mean the network and 'bitcoin' can mean the asset; BTC is the familiar ticker.

IN THE WILD

How you might use it

'Can I pay you in BTC?' Your friend shares a receiving address, and you send a payment that Bitcoin nodes can verify.

A sculptural Bitcoin coin floats above interconnected equal-status lilac crystalline peers, with the title Bitcoin and the explanation Peer-to-peer money. BTC is its native asset.
Illustrated by Crypto DictionaryAI-generated artwork
PRICE, IN CONTEXT

BitcoinBTC

Coinbase · USD

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WORD NOTES
Short name
BTC

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