特币 bǐ tè bì
is a type of virtual currency. It is a method that uses the
"mining process" to make payments over the Internet 互
联网 hù lián wǎng.
It is the first currency 货币 huò bì of the
联网 hù lián wǎng
where digital tokens (bitcoins) are used and tracked by
computers all over the world. Bitcoin was created to
provide an option to the prevalent, often-criticised banking
system. The idea was to create an "open
accounting system" that does not require a central authority.
Thus, it can be thought of as a form of global decentralised