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What is Bitcoin

Encyclopedia of E-Commerce Development, Implementation, and Management
A peer-to-peer-based, anonymous electronic payment system.
Published in Chapter:
Bitcoin for E-Commerce: Principles and Applications
Xunhua Wang (James Madison University, USA), Brett Tjaden (James Madison University, USA), and M. Hossain Heydari (James Madison University, USA)
DOI: 10.4018/978-1-4666-9787-4.ch072
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Blockchain and Its Integration as a Disruptive Technology
Bitcoin is a complete decentralized peer to peer and permission less cryptocurrency, it’s a form of electronic cash system with completely decentralized; cannot be any central party for ordering or recording or controlling your currency like bank or government.
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Finance in the World of Artificial Intelligence and Digitalization
A type of digital currency in which a record of transactions is maintained, and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.
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Financial Innovation: Theories, Models, and Future
Bitcoin is a virtual currency created by cryptography.
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Blockchain Technology: Initiatives and Use Cases in the Industry
This is the first and the most popular cryptocurrency that uses blockchain technology to conduct digital transactions.
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Cross-Industry Use of Blockchain Technology and Opportunities for the Future: Blockchain Technology and Aritificial Intelligence
Bitcoin is a complete decentralized peer to peer and permission less cryptocurrency, it’s a form of electronic cash system with completely decentralized; cannot be any central party for ordering or recording or controlling your currency like bank or government.
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Integrate Hybrid Cloud Computing Server With Automated Remote Monitoring for Blockchain as a Service
Bitcoin is a cryptocurrency, a form of electronic cash. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
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Blockchain Technology: Applications in the Industry
Bitcoin is a digital currency created for use in peer-to-peer online transactions, Introduced in 2008. It is the most prominent of a group of virtual currencies.
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Modeling Time-Varying Co-Movements Between Major Cryptocurrencies and Foreign Exchange Markets
The most well-known and original cryptocurrency introduced by an anonymous person or group named Satoshi Nakamoto in 2009 as a “peer-to-peer electronic payment method”.
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Blockchain as a Disruptive Technology: Architecture, Business Scenarios, and Future Trends
It is a digital currency, created, and held electronically. Operated as a decentralized application that directly control the transfer of digital currency. It will keep the full history of transaction.
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Perceived Trust and Confidence for Cryptocurrency Adoption: What Lies Ahead?
Bitcoin is a decentralized cryptocurrency. The key idea is using peer to peer transaction where there is no middle party needed to facilitate the transaction. In the world of cryptocurrency, Bitcoin is known as “digital gold” which has store of value because of it limited supply and predicted increasing demand over time.
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Blockchain Readiness: Expert Perspectives From a Developing Economy
A computerized and worldwide form of money. It enables individuals to send or receive cash over the web, even to somebody they don't know or don't trust.
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Accelerating Financial Innovation Through RegTech: A New Wave of FinTech
The majority accepted crypto currency, frequently deemed the initial of its type. The unlock basis of software comes with an indefinable and strange history.
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Technology Adoption: Case of Cryptocurrency
It is the first decentralized cryptocurrency in the market that operates without a central bank or authority and in a peer-to-peer Bitcoin network.
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Dark Web: A Boon or a Bane
It is a kind of digital cryptocurrency that is used for transactions in many black markets of the dark web.
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A Systematic Literature Review on the Application of Blockchain Technology in Biometric Analysis Focusing on DNA
Bitcoin is a peer-to-peer virtual currency that may be transmitted over the bitcoin network. Bitcoin transactions are cryptographically verified by network nodes and stored in a public distributed ledger known as a blockchain.
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The Degito-Financial Movement's Impact of Digital Transformation on Financial Services
It's a type of digital currency in which a record of transactions is maintained, and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.
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Principal Components Analysis: Impact on Alternative Crypto-Currencies
Is the cryptocurrency with the highest valuation. But it is also the name of a blockchain protocol that allows peer-to-peer transactions to be carried out transparently and securely.
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Blockchain in Gaming
Bitcoin uses a particular technology which is not using any bank or government authority as maintaining and managing all transaction is done over a network which is completely safe. It is an open source no one owns or controls it as anyone can participate in it. It does not require any prior payments.
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Exploring Cryptocurrency Sentiments With Clustering Text Mining on Social Media
Is the first decentralized peer-to-peer cryptocurrency invented under the name Satoshi Nakamoto in 2008 with an open-source software implementation without support from any central bank or authority or any need for intermediaries. Transactions are recorded with blockchain technologies in public distributed manner and verified by network nodes through cryptography.
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The Impacts of Blockchain in Elections: Can It Improve Voting Outcomes?
A type of digital currency in which a record of transactions is maintained and new units of currency are generated by numerical solution of a mathematical problem, and operate independently of a central ban, e.g., the Federal Reserve Bank.
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Blockchain Platform to Resolve Security Issues in IoT and Smart Networks
Bitcoin (?) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network.
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Blockchain: A Resource of Competitive Advantage in Open and Distance Learning System
A crypto currency and a digital payment system. It is known to have been invented as open-source software by an unknown programmer, Satoshi Nakamoto, in 2009 where transactions take place in a peer-to-peer system directly between users without any intermediary, to be verified by network nodes and recorded in Blockchain. It is also known as the first decentralized digital currency.
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Blockchain Applications and Trends That Promote Information Management
First digital currency payment system that applies digital money or cryptocurrencies in transactions through the internet.
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A Maturity Model for Understanding and Evaluating Digital Money
Is the first decentralized crypto currency. Accordingly, it allows for peer-to-peer transactions to take place between users without an intermediary, such as a bank or government. The transactions between bitcoin users are verified by a network of users who record batches of transactions in a public distributed ledger called a blockchain. This process is called mining and the users are paid in bitcoin for making their computers available for transaction processing. Bitcoin is based on a theory by an unknown person under the name Satoshi Nakamoto and was released as open-source software in 2009.
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Blockchain Technology and Its Uses in the Tourism Industry
A crypto coin that is independent of a central government and provides payment anywhere in the world with low transmission costs without the need for the approval of a central authority, providing certain privacy to its owner.
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A Brief Analysis of Blockchain Algorithms and Its Challenges
Is a cryptocurrency based on blockchain technology that enables it to function as a medium of exchange without involving the intermediary, such as a bank.
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Blockchain Technology and Its Applications
A decentralized digital currency system implemented with blockchain technology.
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Extracting Insights From Bitcoin Transactions: Data Warehouse Modeling and Analytical Questions
Bitcoin is a digital currency that was created in January 2009. Bitcoin is commonly abbreviated as “BTC”. Unlike fiat currency, bitcoin is created, distributed, traded, and stored with the use of a decentralized ledger system, known as a blockchain.
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Does Contagion Effect of Bubbles and Causality Exist Among Bitcoin, Gold, and Oil Markets?
It can be described as a decentralized digital or virtual currency, and it is the world's largest cryptocurrency in terms of market capitalization.
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Demystifying Federated Learning for Blockchain: A Case Study
Bitcoin (?) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network.
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New Financial Technologies, Cryptocurrencies, Blockchain, and Challenges
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.
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Decentralized Cryptocurrency Security and Financial Implications: The Bitcoin Paradigm
A type of digital currency in which a record of transactions is maintained, and new units of currency are generated by the computational solution of mathematical problems, and that operates independently of a central bank.
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Preliminary Insights Into the Adoption of Bitcoin in a Developing Economy: The Case of Ghana
A computerized and worldwide form of money. It enables individuals to send or receive cash over the web, even to somebody they don't know or don't trust.
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Regulatory Ambiguity in India: A Breeding Ground for Crypto Criminals
Bitcoin is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network.
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Blockchain Technology: Concepts, Components, and Cases
It refers to a cryptocurrency introduced as ‘peer-to-peer electronic cash system’. It permits transfer of electronic cash from one entity to the other, without involving any financial institution in between.
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Accountability Revolution in the Digital Asset Business: Insights From the Cryptocurrency Market
A type of digital currency that can be used at a global scale online that is verified through a network and recorded in a digital ledger.
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Blockchain Risk and Uncertainty in Automated Applications
A digital independent currency, which has a consensus mechanism and can be securely transferred and verified by receiver over the internet, without relying on any third party.
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Conceptual Insights in Blockchain Technology: Security and Applications
Bitcoin is a cryptocurrency, a form of electronic cash. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution
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Has Bitcoin Achieved the Characteristics of Money?
A global electronic currency without an intermediary (decentralized).
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Contactless Payment Security
Virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, and with no need for third-party action in financial transactions.
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Integration of Blockchain and IoT (BIoT): Applications, Security Issues, and Challenges
Bitcoin is a cryptocurrency or virtual currency, that is supposed to operate as money and a form of payment while being independent of any single person, group, or entity, obviating the need for third-party involvement in financial transactions.
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Hybrid Artificially Intelligent Multi-Layer Blockchain and Bitcoin Cryptology (AI-MLBBC): Anti-Crime-Theft Smart Wall Defense
Invented in 2008 by Satoshi Nakamoto to create a decentralized digital currency used to record peer-to-peer transactions generated by complicated mathematical models to ensure security without the need for intermediaries such as central banks.
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Issues and Challenges (Privacy, Security, and Trust) in Blockchain-Based Applications
Bitcoin is a digital or virtual currency developed in 2009 that allows instant transactions easier by using peer-to-peer technology.
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Blockchain Technology and General Issue of Tax Evasion via Bitcoin
This refers to the decentralized and most popular virtual currency that can be sent from user to user on a peer-to-peer Bitcoin network without the need for intermediaries.
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Distributed Trust Using Blockchain for Efficient Pharmaceutical Supply Chain
It is a peer-to-peer payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto.
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