Bitcoin

What is Bitcoin?

bit·coin
ˈbitˌkoin/Submit
noun
noun: bitcoin; plural noun: bitcoins
a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
“bitcoin has become a hot commodity among speculators”
a unit of bitcoin.
“bitcoins can be used for online transactions between individuals”