What is Bitcoin (BTC)?

BTC definition: What is Bitcoin? Bitcoin is a form of digital currency that aims to eliminate the need for central authorities such as banks or governments. Instead, Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network.

What is Nomic & NBTC?

Nomic is a layer-1 blockchain which offers a decentralized, non-custodial Bitcoin bridge. nBTC is a token that represents 1:1 ownership of Bitcoin in an IBC-compatible token. NOM is a token used for securing the network which can be staked to earn Bitcoin rewards. Send BTC to your deposit address. nBTC will show up in your wallet.

What is a bitcoin Satoshi?

Each Bitcoin is a digital asset that can be stored at a cryptocurrency exchange or in a digital wallet. Each individual coin represents the value of Bitcoin’s current price, but you can also own partial shares of each coin. The smallest denomination of each Bitcoin is called a Satoshi, sharing its name with Bitcoin’s creator.

What are new bitcoins?

New Bitcoins are created as part of the Bitcoin mining process, in which they are offered as a lucrative reward to people who operate computer systems that help to validate transactions.