bitcoin is a

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As of [update]Bitcoin chaining of blocks make blockchain medium of exchangeand public distributed ledgercalled.

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A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses cryptographic techniques and it's protocol to verify the transfer of. Bitcoin is a decentralized digital asset. It is a new type of asset that joins the ranks of traditional assets such as cash, gold, and real estate. Bitcoin (BTC) is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments.
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Retrieved 5 June CBS News. This process is almost instant, but the reverse finding the private key for a given address is nearly impossible. Another crypto scam involves fraudulent sales pitches for individual retirement accounts in cryptocurrencies.