what is bitcoin?

[Niko]

bitcoin is a cryptocurrency a form electronic cash.
it is a decentralized digital currency without a central bank or single administrator and can be sent from user to user on the peer da peer to peer
bitcoin network without the need for intermediaries
a pseudonymous software developer going by the name of satoshi naka moto proposed bitcoin in 2008 as an eletronic payment system based on mathematical proof.
the idea was to produce a means of exchange independent of any central authority .that could be transferred electronically in a secure, verifiable and immutable way.
bitcoin can be used to pay for things electronically if both parties are willing. in that sense it is like convention dollars, euros, or yen, which are also traded digitally but it differs from fiat digital treatments in several important way.
...https:// www.coindesk .com/information.

[bitpation]

In short, Bitcoin can be interpreted as a cash system for decentralized global transactions. Bitcoin is able to solve problems that cannot be done by fiat currencies. That's why bitcoin was created.

[reshat]

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.

[kent47400]

Bitcoin is a system that cannot be falsified.
Even though it's been a few years but the transaction still exists and can be checked on the Blockchain (Explorer Bitcoin)

[marshmellow]

So true. bitcoin is an electronic money cryptocurrency. Bitcoin uses the Blockchain technology system, this technology system is a mainstay for Bitcoin today. This system is called the Decentralization system, so that this system will later be attached to its users and all risks and finances are also regulated by the user itself. That is what I call Bitcoin.

[simplex]

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

[marshmellow]

In my opinion, Bitcoin is digital money, digital money which uses the Peer-to-peer system where transactions without using a third party such as a bank. I think this will be good for everyone, because bitcoin uses Blockchain technology which means Decentralization. And that is very useful and has many advantages.

[adam27]

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.

[kemalramdanu]

Bitcoin is a currency that is rather cryptocurrency. I agree with this view. When Bitcoin values beyond our imagination (over $ 20k) people pay close attention to it and especially the government, but not all governments in the world do not like Bitcoin, partly for their sake hurt. Many countries accept Bitcoin and see Bitcoin as a legal currency. I think the future Bitcoin will be the most used crypto coin and replace some of the fiat.

[olivia]

Bitcoin in my opinion is the greatest discovery so far in the world's financial sector. It will make a huge positive impact in the financial world and provide people an alternative to transaction payments.

[casas]

Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009.[10] Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

[ayuaja]

In my opinion, Bitcoin is a unique currency, a cool currency, a very profitable currency. Bitcoin is digital money that uses a Peer-to-per system that allows us to transact without having to use a third party. This can be called the Blockchain Technology system. So we can manage ourselves according to our wishes in Bitcoin.

[marco]

Bitcoin is very suitable for the wider community because the community has since started to know this digital currency, so it won't go anywhere anymore,
they don't want to go all the way to learn it to get the results

[bdsharminsoltana]

Bitcoin is a talk now a days Japan legally accepts Bitcoin. Japan is even giving payments in Bitcoin It is a digital decentralized cryptocurrency  which was introduced by an unknown person or company named by Satoshi Nakamoto by the year 2009. There is no need of any central authorities to transact the money to purchase goods and services from all over the earth with low fees only  it is an online currency. Bitcoin is traded with one person to another persons wallet .

[yousufatik]

Bitcoin is a 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 is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.