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Bitcoin BTC

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  • Information
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Information Bitcoin

  • #1
    Ranking
  • bitcoin.org
    Website
  • SHA256
    Algorithm
  • PoW
    Proof
  • No
    Premined
  • 21,000,000
    Max. Supply
  • 18,099,775
    Current Circulating Supply
  • Yes
    Minable

What is Bitcoin

Bitcoin is the name of a cryptocurrency that is also used as a worldwide payment system. With Bitcoin there is no need for a central bank or a single administrator, because it is the first decentralized digital currency. All transactions happen between the users directly without an intermediary, because the system works peer-to-peer. The transactions between the users are verified in a decentralized manner using network nodes and cryptography. The records are kept in the blockchain, a public distributed ledger. Bitcoin is an open-source software that was released in 2009. It was invented by Satoshi Nakamoto, although it is unknown, who exactly Satoshi Nakamoto is. A process known as mining can be rewarded with the creation of Bitcoins. It is possible to exchange these Bitcoins for products, other currencies as well as services. By February 2015 Bitcoin was accepted by more than 100,000 vendors and merchants worldwide. As research by the University of Cambridge shows, 2.9 to 5.8 million unique users used a cryptocurrency wallet in 2017 with Bitcoin being the most used cryptocurrency.

Breakdown by Exchange

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Breakdown by Currency

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