- Market Cap
- $639.19B (#1)
- 18.74M / 21.00M
Bitcoin is the first as well as the largest cryptocurrency in the world. In fact, it was originally described in a 2008 whitepaper by a person or a group of people that went by the name of Satoshi Nakamoto and was originally launched in January of 2009. All of Bitcoin’s balances are kept on a public ledger that everyon...Read more
Bitcoin is the first as well as the largest cryptocurrency in the world. In fact, it was originally described in a 2008 whitepaper by a person or a group of people that went by the name of Satoshi Nakamoto and was originally launched in January of 2009. All of Bitcoin’s balances are kept on a public ledger that everyone can view. All of the transactions, however, need to be verified by computing power which is given by people or organizations called miners. BTC is not issued by a bank or a government but mined. The blockchain is a collection of blocks, and all of the computers that run the blockchain have the same list of blocks as well as transactions and can see the new blocks being filled with each and every new transaction. This is a system that can not be manipulated as a result.
The BTC Token Explained
BTC, which is the native currency on the Bitcoin blockchain, is a virtual currency.
Each BTC is essentially this computer file that is stored in a digital wallet. Bitcoin is powered by an open-source code known as the blockchain, and this creates a shared public ledger, where each transaction is a block that is chained to the code, which creates a permanent record of each transaction.
Miners are rewarded with BTC for confirming transactions and generating new blocks on the blockchain, and it is used as a currency on the platform as well.
Aside from acquiring BTC through the process of mining it, many investors can purchase BTC as a form of currency, expecting it to get a higher value over time.
BTC can be stored in a hot wallet as well as a cold wallet. A hot wallet is a wallet that is connected to the cloud, while a cold wallet is an encrypted portable device such as a hard drive that allows you to download your keys.
Features of Bitcoin
A bitcoin wallet contains a public key and a private key, and these works together to allow the owner to trade and digitally sign transactions, which provides proof of authentication. Miners, that are members of the peer-to-peer platform, independently confirm the transactions using computer hardware, which typically occurs within 10 minutes, and are paid in Bitcoin for their efforts.
Bitcoin offers private and secure transactions at any time and has remained the largest cryptocurrency. It has the ability to avoid traditional bank or government intermediaries as well.
Unlike FIAT currency, Bitcoin is created, distributed, traded, and stored through the decentralized ledger, and has met widespread popularity as well as success and inspired many cryptocurrencies ever since.
Founders of Bitcoin (BTC)
The interesting part about the founders of Bitcoin is the fact that we do not know who they are. In fact, the inventor is known under a pseudonym, as Satoshi Nakamoto. Discussing the history though, On October the 31st, 2008, Nakamoto published Bitcoin’s whitepaper that described in detail how a peer-to-peer online currency could be implemented. This proposal featured the use of a decentralized ledger of transactions packages in batches, known as blocks, and scored by cryptography algorithms. This is what we know today as the blockchain.
$BTC / USD
How does Bitcoin's (BTC) performance compare to assets of a similar market capitalization?
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We're monitoring 4 Github repos for the Bitcoin project.
Commits vs. The Market
- Past 4 weeks: 164 commits vs. an average of 58
- Past 12 weeks: 809 commits vs. an average of 244
- Past year: 3,133 commits vs. an average of 1,512
Top Repos by Code Commits
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