Bitcointesting out a lowercase version of this. Read More is a cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by.... It is a decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More digital currencyA digital currency is a medium of monetary exchange that only exists in electronic form and has no physical counterpart. Read More that is based on cryptographyCryptography - means "secret writing"—the ability to exchange messages that can only be read by the intended recipient. In cryptocurrency,... Read More. As such, it can operate without the need for a central authorityA central authority is an entity that holds centralized control over something, such as a financial exchange, asset, or transaction.... Read More like a centralAn organizational structure wherein a small handful of actors have control over the entire network. In the context of bitcoin,... Read More bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euros in that they are controlled by the country’s central bank. The decentralized nature of BitcoinBitcoin is a cryptocurrency. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the... Read More allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries.
