Bitcoin is a form of digital currency,

created and held electronically

Cryptocurrency and a digital payment

system invented by an unknown
programmer
 Does not belong to any state or
government and can be used all over the
world.
Its value does not depend on a central
bank intervention.
Impossible to fake

Its fast
You can send money anywhere and it will
arrive minutes later, as soon as the bitcoin
network processes the payment.
 These transactions are verified by
network nodes and recorded in a
public distributed ledger called
the blockchain
 Mining is a record-keeping service.

Miners keep the blockchain consistent,

complete, and unalterable by
repeatedly verifying and collecting
newly broadcast transactions into a new
group of transactions called a block