What is Bitcoin?
Bitcoin is the best embodiment of peer-to-peer electronic cash. It Is one of many cryptocurrencies that is founded through a combination of cryptography, computer networking and open source software. It was created by an anonymous entity known only as Satoshi Nakamoto. Through bitcoin, it is possible to send electronic cash via the Internet or through many innovative means electronically without a third party.
Unlike other digital currencies, Bitcoin stands out as unique because of its tamper and censorship-resistance. Its main feature is an immutable digital ledger that is also known as the blockchain. This digital ledger is secured through cryptography and ensures that transactions are not prone to double-spending or other network attacks.
The immutable and decentralized ledger is made available to every Bitcoin client with a full node. This adds another layer to its security.