Bitcoin

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Bitcoin is an electronic money that was made in 2009 by Satoshi Nakamoto. The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the United States Treasury calls bitcoin a decentralized currency . Unlike most currencies, bitcoin does not depend on trusting major publishers. Bitcoin uses a database that is distributed and spreads to nodes from a P2P network to transaction journals, and uses cryptographyto provide basic security functions, such as ensuring that bitcoins can only be consumed by people owning them, and should never be done more than once. 

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