Bitcoin is a short word for a long, complex, computer process which generates digital money, also called cryptocurrency.
For a basic explanation of how it works, this is a good video.

For those who want to get down to the nitty-gritty of Bitcoin, the following terms will help you make your way through the process.

Decentralized

Digital Money

Internet Network

P2P

Digital Signature

Bitcoin Mining Software

Digital Wallet

Knowing the terminology will also make for an easier read of an in-depth article on Bitcoin, written by Benjamin Wallace in 2011 for Wired magazine.  The article contains a detailed history of Bitcoin and its process.

For a graphic history of Bitcoin, go here.

History of Bitcoin

 

 

 

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