$BTC Bitcoin operates quite differently from typical currencies: there is no central bank managing it and the system operates based on a peer-to-peer network protocol over the Internet. The supply of Bitcoin is automatic, limited, and distributed according to a predetermined schedule based on algorithms. Bitcoin is issued to "mining" computers as a reward for verifying Bitcoin transactions and recording them in the distributed ledger in the peer-to-peer network, through blockchain technology. This ledger uses Bitcoin as the unit of account. Each bitcoin can be divided into up to 100 million smaller units.