Bitcoin uses peer-to-peer technology to operate with no central authority: transaction management and money issuance are carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Transactions are verified by network nodes through cryptography and recorded in a public, decentralized ledger called the blockchain. The issuance of bitcoins is decentralized: they are created as a reward for mining, a process in which powerful computers perform complex calculations to validate and record transactions on the blockchain.
Why do we accept bitcoin?
Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world.