What is a Bitcoin?

"Bitcoin is a decentralized digital coin that uses a P2P internet protocol. It was created in 2009 by an anonymous programmer named Satoshi Nakamoto. You can exchange Bitcoins through a computer without an intermediate bank or other financial institution. One bitcoin is divided into 100 million smaller units (that is eight decimal points) called satoshis, so you can make small payments. Bitcoin is not like other coins: it has no central organization to regulate them. Instead, it works using a P2P internet protocol. The money is managed by bitcoin miners that confirm Bitcoin transactions and add them to a decentralized transaction log every ten minutes." 

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