What is Bitcoin?

Bitcoin is a revolutionary payment system and a unique currency that functions on a decentralized network, leveraging peer-to-peer technology to remove the necessity for traditional banks or central authorities. Transactions and the distribution of bitcoins are collaboratively managed by its users, which enhances its efficiency and reliability. As an open-source platform, Bitcoin's architecture is transparent, ensuring that no single entity has ownership or control, thus inviting global participation in its network. Its innovative attributes allow for applications that traditional payment methods cannot support, opening new avenues for financial interaction. With robust mathematical principles and energy consumption underpinning transactions, Bitcoin ensures the security of user funds. The use of cryptographic signatures guarantees that only authorized individuals can access their assets, while the energy expended in proof of work (PoW) fortifies transaction integrity, safeguarding against any potential modifications or losses. By implementing necessary security measures for their wallets, users of Bitcoin gain enhanced financial independence and a strong defense against various types of fraud. This creates not only a secure environment for transactions but also fosters a vibrant community of users, eager to explore the possibilities of this digital currency.

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Company Facts

Company Name:
Bitcoin
Date Founded:
2009
Company Website:
bitcoin.org
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Product Details

Deployment
SaaS
Windows
Mac
Linux
Training Options
Documentation Hub

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

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Bitcoin Customer Reviews

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  • Reviewer Name: A Verified Reviewer
    Position: COO
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
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    Would you Recommend to Others?
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    The best of the best

    Updated: Apr 11 2022
    Summary

    Bitcoin is the gold standard when it comes to cryptocurrencies. Bitcoin is digital gold. Bitcoin will be the world's reserve currency.

    Positive

    First cryptocurrency in the space, ultra secure, very decentralized, and as pure as it gets as a cryptocurrency.

    Negative

    There are no cons to Bitcoin at this time. Scalability was somewhat of an issue, but it's been solved, and also addressed by L2 networks like Lightning Network.

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