BitCoin is an innovative payment network and a new form of money

BitPoint uses peer-to-peer technology to operate without central authorities or banks; transaction management and the issuing of Coin Currencies are completed by the network. Open Source Coin is open to the public, no one owns or manages the Bit Coin network and no one can participate. Through many of its unique features, Bit Coin allows for exciting uses that could not be covered by any previous payment system.

source : https://bitcoin.org/en/