Bitcoin (BTC) is the first digital currency, launched in 2009. It is a decentralized currency of the peer-to-peer payment system of the same name, where users carry out transactions independently, without centralized control and intermediaries.12
Bitcoin is designed for instant transfers between two parties, and not necessarily people. Even vehicles, such as Uber or driverless taxis, can have their own Bitcoin wallets.1
Bitcoin is based on blockchain, a technology for encrypting and storing data distributed across many computers connected in a common network. In essence, blockchain is a database that reflects all transactions made.