Bitcoin Logo

Claim Free BTC

Earn 50% referral commission.

Recent Transactions

User Reward Date
3LvUDq6Lgvs5V27cYYd6ZqZtWEMTtb5n6v3 satoshi2023-03-13 06:36:38
1FZYLJxybwkyPKJs4sgp4zGhBFecyscmLF4 satoshi2023-03-09 08:57:32
0x8ba3401Fd4971Ce1f1C3093dDf0CEa886E178C413 satoshi2023-03-09 06:27:04
0x8ba3401Fd4971Ce1f1C3093dDf0CEa886E178C414 satoshi2023-03-09 06:19:30
0x8ba3401Fd4971Ce1f1C3093dDf0CEa886E178C414 satoshi2023-03-09 06:12:38
12ynqnejyQ2JVMBS1AytqcT4jnbNymL3CL3 satoshi2023-03-02 12:50:35
14FHUSY3vzeaB2Lt5uSNke1xHEViETa1Xv5 satoshi2023-02-27 12:55:01
1MKpTFUMMc7ijm3K8gRskAnbBFBTd8TEJS5 satoshi2023-02-23 10:20:49
1MKpTFUMMc7ijm3K8gRskAnbBFBTd8TEJS5 satoshi2023-02-23 09:25:00
1CWGBzvVaW3qZfuMHSeLx1bS7eV9LcdWFY3 satoshi2023-02-21 10:18:27

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.

Credits: CoinGecko, YouTube