P2P Virtual Currency
Bitcoins can be sent easily through the Internet, without having to trust middlemen and transactions are designed to be computationally prohibitive to reverse.
Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network. Bitcoin is a decentralized P2P electronic cash system without a central server or trusted parties. Users hold the crypto keys to their own money and transact directly with each other, with the help of the network to check for double-spending.