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Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group. The first peer to peer currency system, Bitcoin, was created in as a realization of Satoshi Nakamoto's novel idea (Nakamoto, ) of a. A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant.

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Garcia, D. Compared to the blockchain, databases perform fast as there is no verification process. Bitcoin is a net positive for the environment, subsidizing the deployment of renewable energy production and directly reducing GHG emissions in the oilfield. Gox blamed hackers, who had exploited the transaction malleability problems in the network.