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.
Moneychanger is a simple client GUI built on top of Open Transactions, a financial crypto library. Moneychanger can be used to create pseudonyms, issue currencies, open accounts, withdraw and deposit cash (untraceable digital cash), write and deposit cheques, trade on markets, and much, much more.