Nine countries have fully banned bitcoin use, while a further fifteen have implicitly banned it. The legality of bitcoin varies by region. It is a compound of the words bit and coin. The word bitcoin was defined in a white paper published on 31 October 2008. The currency began use in 2009, when its implementation was released as open-source software. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Without proper rendering support, you may see question marks, boxes, or other symbols.īitcoin ( abbreviation: BTC sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. This article contains special characters. Initially ₿50 per block, halved every 210,000 blocks "Bitcoin: A Peer-to-Peer Electronic Cash System" Ġ.1.0 / 9 January 2009 (13 years ago) ( )Ģ3.0 / 25 April 2022 (6 months ago) ( ) Not to be confused with "฿" for Thai baht.
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