What is Bitcoin?

Protocol to manage digital currency
and process payments between
users.

It is a collection of concepts and technologies that form a digital money ecosystem.
• First proposed by “Satoshi
Nakamoto”
• No central authority (Federal
Reserve) or banks to manage
transactions
• Decentralized, P2P system. Means Bitcoin is a fully distributed ,peer to peer system.
As such there is no central server.
Bitcoins are created through a process called mining.



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