$BTC The abbreviation for Bitcoin is BTC. It can be exchanged/traded for US dollars – BTC USD or for Euros – Bitcoin Euro.

Bitcoin offers the possibility to make payments directly from one entity to another in a secure and inexpensive manner, without the need for a bank or a central payment processor.

System transactions are performed directly between users' digital wallets and are verified using blockchain technology. Transactions carry a digital signature with unique private keys that demonstrate they come from the wallet owner.

What is Blockchain Technology

Blockchain technology is essentially a decentralized public ledger of all Bitcoin transactions that have already been executed. A number of transactions form a unit of the database, called a "block," and each such block contains information about the previous block while each transaction retains information about the transaction that occurred before it. In this way, the block allows for complete transparency of payments.