- October 2, 2014
- Posted by: Bitcoin Center NYC
- Category: Bitcoin Information Center, Featured Articles
Bitcoin is an entirely digital currency done in a way never before seen. Based on open source code, Bitcoin is decentralized and all transactions are completely peer-to-peer – there are no middlemen such as banks or payment processors. Bitcoin transactions happen in seconds and are extremely cheap – there is a flat fee of about $0.05 to send Bitcoin to someone.