What is Bitcoin?
Bitcoin is known to be the first decentralized digital currency.
Unlike fiat currencies such as the euro or the dollar, which are issued and controlled by central banks, Bitcoin does not depend on any central entity.
Bitcoin is a monetary system, software and computer network all rolled into one.
Bitcoin is the main unit of measurement of the Bitcoin monetary system.
We therefore distinguish Bitcoin (with a capital B) which defines both the monetary system and the bitcoin computer network that composes it (with a lowercase b) which refers to the unit of account.
The creator of Bitcoin preferred to remain anonymous and communicates under the pseudonym “Satoshi Nakamoto”. He therefore named the sub-division of a bitcoin satoshi in homage to his pseudonym.
Bitcoin is known as the first decentralized digital currency.
Unlike fiat currencies such as the euro or the dollar, which are issued and controlled by central banks, Bitcoin operates independently of any central authority.
Bitcoin is a monetary system, a software protocol, and a network of computers all at the same time.
Bitcoin (with a capital B) refers to both the monetary system and the underlying network.
bitcoin (with a lowercase b) refers to the unit of account within this system.
The creator of Bitcoin chose to remain anonymous, using the pseudonym “Satoshi Nakamoto.” In honor of this pseudonym, the smallest unit of Bitcoin is called a “satoshi.”
While 1 Bitcoin (BTC) is widely recognized, the satoshi (sat) is the actual unit of account within the system.
Unlike private banks and central banks, which can create and circulate an infinite amount of euros or dollars, Bitcoin follows strict, pre-established rules.
📌 One of Bitcoin’s most defining features is its finite supply.
There will never be more than 21 million BTC in existence.
Additionally, each Bitcoin is divisible into 100 million satoshis, meaning:
👉 21,000,000 BTC x 100,000,000 sats = 2.1 quadrillion satoshis (2,100,000,000,000,000 sats).
This fixed supply is a stark contrast to fiat currencies, which can be printed endlessly, leading to inflation.
Bitcoin is:
✅ Accessible to everyone
✅ Open and borderless
✅ Most importantly: decentralized!
This means that:
📌 No government, central bank, or regulatory body can alter Bitcoin’s monetary policy.
📌 No single authority can change its core rules.
📖 Read this in-depth article by our CEO on why Bitcoin is unique:
👉 Why Bitcoin Is Unique
Unlike fiat currencies such as the euro or the dollar, which are issued and controlled by central banks, Bitcoin does not depend on any central entity.
Bitcoin is a monetary system, software and computer network all rolled into one.
Bitcoin is the main unit of measurement of the Bitcoin monetary system.
We therefore distinguish Bitcoin (with a capital B) which defines both the monetary system and the bitcoin computer network that composes it (with a lowercase b) which refers to the unit of account.
The creator of Bitcoin preferred to remain anonymous and communicates under the pseudonym “Satoshi Nakamoto”. He therefore named the sub-division of a bitcoin satoshi in homage to his pseudonym.
Bitcoin is known as the first decentralized digital currency.
Unlike fiat currencies such as the euro or the dollar, which are issued and controlled by central banks, Bitcoin operates independently of any central authority.
Bitcoin is a monetary system, a software protocol, and a network of computers all at the same time.
Bitcoin vs. bitcoin
Bitcoin (with a capital B) refers to both the monetary system and the underlying network.
bitcoin (with a lowercase b) refers to the unit of account within this system.
The creator of Bitcoin chose to remain anonymous, using the pseudonym “Satoshi Nakamoto.” In honor of this pseudonym, the smallest unit of Bitcoin is called a “satoshi.”
While 1 Bitcoin (BTC) is widely recognized, the satoshi (sat) is the actual unit of account within the system.
Why Is Bitcoin Different from Traditional Currencies?
Unlike private banks and central banks, which can create and circulate an infinite amount of euros or dollars, Bitcoin follows strict, pre-established rules.
Bitcoin’s Limited Supply: 21 Million BTC
📌 One of Bitcoin’s most defining features is its finite supply.
There will never be more than 21 million BTC in existence.
Additionally, each Bitcoin is divisible into 100 million satoshis, meaning:
👉 21,000,000 BTC x 100,000,000 sats = 2.1 quadrillion satoshis (2,100,000,000,000,000 sats).
This fixed supply is a stark contrast to fiat currencies, which can be printed endlessly, leading to inflation.
The Power of Decentralization
Bitcoin is:
✅ Accessible to everyone
✅ Open and borderless
✅ Most importantly: decentralized!
This means that:
📌 No government, central bank, or regulatory body can alter Bitcoin’s monetary policy.
📌 No single authority can change its core rules.
Want to Learn More?
📖 Read this in-depth article by our CEO on why Bitcoin is unique:
👉 Why Bitcoin Is Unique
Updated on: 29/03/2025
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