![]() īitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Because the token has characteristics of money, it can be thought of as a digital currency. The user can update the ledger, assigning some of their bitcoin to another entry in the ledger. The protocol specifies that the entry indicates an amount of a token, bitcoin with a minuscule b. In order to add to the ledger, a user must prove they control an entry in the ledger. Without proper rendering support, you may see question marks, boxes, or other symbols.īitcoin ( abbreviation: BTC or XBT sign: ₿) is a protocol which implements a highly available, public, permanent, and decentralized ledger. ![]() This article contains special characters. ![]() Initially ₿50 per block, halved every 210,000 blocks ![]()
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