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Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight.
Bitcoin was obscure back then, and I figured had just enough name recognition to be a useful term for an interstellar currency: it'd clue people in that it was a networked digital currency." [57] In March, the bitcoin transaction log, called the blockchain, temporarily split into two independent chains with differing rules on how transactions ...
Cryptocurrency. A logo for Bitcoin, the first decentralized cryptocurrency. The genesis block of Bitcoin's blockchain, with a note containing The Times newspaper headline. This note has been interpreted as a comment on the instability caused by fractional-reserve banking. [1]: 18.
Bitcoin debuted in 2009, when the software underpinning the currency was released. Its origins are a bit mysterious, however, and a person (or perhaps group) known as Satoshi Nakamoto claims the ...
Bitcoin ETFs then began trading on Jan. 11, 2024. Bitcoin peaked at nearly $49,000 in the days leading up to the announcement, but cooled somewhat in the weeks following. Money has poured into the ...
A bitcoin -based currency featuring instant transactions, decentralized governance and budgeting, and private transactions. China based cryptocurrency, formerly ANT Shares and ANT Coins. The names were changed in 2017 to NEO and GAS. The underlying software is derived from that of another cryptocurrency, ZetaCoin.
Finland [181] Rather than a currency or a security, a bitcoin transaction is considered a private contract equivalent to a contract for difference for tax purposes. Purchases of goods with bitcoin or conversion of bitcoin into legal currency "realizes" the value and any increase in price will be taxable; however, losses are not tax-deductible.
In that case, digital currency represents electronic money (e-money). Digital currency denominated in its own units of value or with decentralized or automatic issuance will be considered as a virtual currency. As such, bitcoin is a digital currency but also a type of virtual currency.