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[[Image:Bitcoin world map.png|left|200px|Bitcoin usage worldwide.]] | [[Image:Bitcoin world map.png|left|200px|Bitcoin usage worldwide.]] | ||
:''Sourced from [ | :''Sourced from [[wikipedia:Bitcoin|Wikipedia]].'' | ||
'''Bitcoin''' is a [[digital currency]] created in 2009 by [[Satoshi Nakamoto]]. It is also the name of the open source software designed in order to use this currency. | '''Bitcoin''' is a [[digital currency]] created in 2009 by [[Satoshi Nakamoto]]. It is also the name of the open source software designed in order to use this currency. | ||
Revision as of 12:09, 13 June 2011
- Sourced from Wikipedia.
Bitcoin is a digital currency created in 2009 by Satoshi Nakamoto. It is also the name of the open source software designed in order to use this currency.
Bitcoin is one of the first implementations of a concept called cryptocurrency, which was first described in 1998 by Wei Dai on the cypherpunks mailing list. Building upon the notion that money is any object, or any sort of record, accepted as payment for goods and services and repayment of debts in a given country or socio-economic context, Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities.
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