Bitcoin Information Back to BTCSatoshi What is Bitcoin? Bitcoin is the dogecoin to bitcoin cryptsy of its kind.
It is a protocol, and a network. Bitcoin is based on an open source protocol created by “Satoshi Nakamoto”. There are a lot of definitions surrounding it such as peer-to-peer, cryptocurrency, public key, decentralized, digital currency. The Bitcoin protocol was developed by Satoshi Nakamoto. This was created as an open-source protocol, meaning, anyone can submit work for review to be included in the protocol and no single person “owns” the protocol. As a protocol, any number of future possible applications can be built on top of it. It also means, that anyone can review the code of the protocol, change it themselves, and create their own work using this protocol as a basis – creating a new, entirely seperate, system.