What is Bitcoin? – Bitcoin Magazine

    What Is Bitcoin and How Does it Work?

    Bitcoin is an innovative technology that introduces a new monetary system, based on a peer-to-peer network of users’ nodes (computers) with no intermediaries like central banks or any type of financial institution.

    For the first time in history, anyone can participate in an open network and contribute to empowering it, with no background distinction or permission required by any authority or organization.

    What Is Bitcoin?

    Bitcoin is a fast-growing evolution of money, an investment, a way out of the current unsound economic system, and a new programmable payment method. Various concepts and disciplines could be approached to fully understand Bitcoin because it can be of different utility to different people.

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