Bitcoin definition

Bitcoin means the digital currency referred to as such by market practice and transacted via a payment system using peer-to-peer transactions verified by network nodes and recording in a public distributed ledger called the “Blockchain”.

Bitcoin means a type of virtual currency based on an open source cryptographic protocol existing on the Bitcoin network as determined by the Administrative Trustee, and the assets underlying the Shares.

Bitcoin means a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.

Examples of Bitcoin in a sentence

• In addition to the Bitcoin Futures market data points cited above, the spot market for bitcoin is also very liquid.

• This points to a conclusion that the price formation originates solely in the Bitcoin futures market.

• The protocol also lays out the rate of issuance of new bitcoin within the Bitcoin Network, a rate that is reduced by half approximately every four years with an eventual hard cap of 21 million.

• The significant growth in Bitcoin Futures across each of trading volumes, open interest, large open interest holders, and total market participants since the Wilshire Phoenix Disapproval was issued are reflective of that market’s growing influence on the spot price, which according to the academic research cited above, was already leading the spot price in 2018 and 2019.

• We can, therefore, conclude that the Bitcoin futures markets dominate the dynamic price discovery process based upon time-varying information share measures.

More Definitions of Bitcoin

Bitcoin means the type of virtual currency based on an open source cryptographic protocol existing on the Bitcoin Network.

Bitcoin means Bitcoin, a type of digital asset based on an open source cryptographic protocol existing on the Bitcoin Network as determined by the Sponsor in accordance with Section 6.2(l), and the assets underlying the Trust’s Shares.

Bitcoin or “BTC” means the digital asset and payment system known as “Bitcoin”.

Bitcoin or "BTC" means digital currency and payment system using peer to peer transactions verified by the network nodes and registering in a public distributed ledger called blockchain.

Bitcoin means a digital asset based on the cryptographic protocols used by the decentralized, peer-to-peer bitcoin computer network.

Bitcoin or “BTC” means any digital currency and payment system using peertopeer transactions verified by network nodes and recording in a public distributed ledger called the blockchain.

Bitcoin or “BTC” means the digital currency created in 2009 as described in the whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System” by Xxxxxxx Xxxxxxxx.