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1Q2Ysiis2Q57i3v6xERXQM2u5qLDbm5fPX2 satoshi2023-10-04 15:57:11
1EnhjqSt3qRAFRCypR9G1EjoDJzY7DqwPq2 satoshi2023-10-04 15:54:23
bc1q2gxwhufdae3vyrrssnztcveas05qf2g3x49gu72 satoshi2023-10-04 15:53:21
1FhxUfEbVRMsWaZUH5FAtjovjrmEskspeV3 satoshi2023-10-04 15:53:13
15bNFjknbYYBD7kNG8tQnhBCS63VXWAweq2 satoshi2023-10-04 15:52:54
1JKgenx8LkfDQHiymA7CYqGToovuQ2ARcL2 satoshi2023-10-04 15:49:11
1N1ZoQtAEaGMC59PnxhukLz8y8Erh6ouPQ2 satoshi2023-10-04 15:46:34
bc1q7m8x5stflff3u2r807epw5qlexq5wpzf9x6reh2 satoshi2023-10-04 15:46:15
3DXbDcqvwKvhZPGnF7SZmr4qWNP33PMR6M2 satoshi2023-10-04 15:45:58
bc1q5h0kuyl40xldjzsdy6up7u4w2rendqcutfdcpa2 satoshi2023-10-04 15:45:16

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.