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1NFgEcU6pfcxpRBS8EQA7vNHyQLUXxRjCc2 satoshi2022-12-01 16:56:59
1Lwt9WPGAKm79ZkRdM5zNWGanoWB3W3hDY2 satoshi2022-12-01 16:56:30
1QDuCHxCf77F9txE5mH9fNhFEvZuUtG4KY2 satoshi2022-12-01 16:54:57
1HgguPkmXPVBSiEkWeqcunAjRTgn21AicX3 satoshi2022-12-01 16:54:15
1MXuMMn29RWi4pBS2CsT62TSzNjVuBQMjQ2 satoshi2022-12-01 16:54:03
13qcMtxbbbCq1QCF6PUWiuRkNA4WqcTdrB2 satoshi2022-12-01 16:52:51
12G38QWHf5gcTZoQSbadmuppFbD1a32J7C2 satoshi2022-12-01 16:52:47
1D9xGoHMDD5CcWmeLScdhSsnkZdJRVPRCc2 satoshi2022-12-01 16:51:37
bc1q4rgf6a3f7nysdf9j5jd3ewvj5p3r32j9mh09w92 satoshi2022-12-01 16:51:31
15PStbpvo3TeggkvP7EusCYyz8S7SnbiUW3 satoshi2022-12-01 16:51:29

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.