Bitcoin is a peer-to-peer electronic cash system that is completely decentralized, without the need for a central server or trusted parties. Users hold the crypto keys to their own money and transact directly with each other, with the help of a P2P network to check for double-spending.
Open Transactions is a solid, easy-to-use, financial crypto and digital cash library, including an API, server, and test client. It features anonymous numbered accounts, untraceable digital cash, triple-signed receipts, basket currencies, and signed XML contracts. It also supports cheques, invoices, payment plans, markets with trades, and other instruments. It uses OpenSSL and Lucre blinded tokens.