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1HUHzw7idLijx6emtuC4T6Drx4NV8FWtGA2 satoshi2023-04-01 05:04:25
1N8Q8x1JXXPNFRHG8hKkQf9q72CDTb4XoY2 satoshi2023-04-01 05:02:51
3C6Wb9dpQ3C3PZFU8msG8WfBZ3t2R7NMQP2 satoshi2023-04-01 05:02:35
1K6qVHVC7atLy3bz2QU3qbh9R4BNKKuDXS3 satoshi2023-04-01 05:02:14
17FNr24vyygRrEQFPkrrAR4WpFTGxxqYG2 satoshi2023-04-01 05:00:39
1F42wjhbMf5aVuWsZDnTx3iPmDpjc7ETup2 satoshi2023-04-01 05:00:18
18YUY3Nb9siTaHpSuqWccnrFNEcM6jzqy93 satoshi2023-04-01 05:00:13
1Cb72voKUrXdZ6ZKknHstxKKtdrP5AjLzs2 satoshi2023-04-01 05:00:10
32YvNVrGkbGi3EYkkkbyNCdpkCHL3uHcDZ2 satoshi2023-04-01 04:59:59
1NUeP9pHkrxui8bJGv8rk2Qm3UxdQ2jTQU3 satoshi2023-04-01 04:59:12

What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process. Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks. Bitcoin is designed to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes. Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on. The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.