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1GEFaEWomoQXoTBEkMTDSb5ne8YjyYXKHL2 satoshi2023-11-29 04:19:23
3JhVsZxH56gg83QmRn71gJ448GPjUn8Wmg3 satoshi2023-11-29 04:18:09
1KmSkppnvcsA7fmfiLU2fxw2xMvB2aCnDK2 satoshi2023-11-29 04:15:52
1Grq6QTTmYE8GG1TGTbUst8RoLYLm8JGy92 satoshi2023-11-29 04:15:40
1G6KowQnDjtk6gw2X3G8ma9ZqwCVZq9PG2 satoshi2023-11-29 04:14:55
19pjATU2CnByuszqkqGqhNUUBqyLaF8TQZ3 satoshi2023-11-29 04:13:31
1FWcS8eKoimfowHGfrcNFA7youu2tdUdfX2 satoshi2023-11-29 04:12:28
1H15F2tZW2UuST7QU2fnqmRxGNA5gnV9Ht2 satoshi2023-11-29 04:11:45
1DpisFDT6zoSmS1kBAJ95EHe2xjXm6FsY22 satoshi2023-11-29 04:10:51
13j7BYHe3111b5bNLnuGSFjMTK5PhA6fy52 satoshi2023-11-29 04:10:31

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.