Bitcoin Logo

Claim Free BTC

Earn 50% referral commission.

Recent Transactions

User Reward Date
1BFRgYGaDuY2gE4f5ZL3JmYe2wQT4PJzL52 satoshi2022-08-16 04:54:04
bc1q8vrkgt7fe6y5wh3pahm05ujkr6j88uevug4prh2 satoshi2022-08-16 04:53:58
18SAbuPcGW2CHkyiJLcouUTVAfTgDFuvm2 satoshi2022-08-16 04:53:46
1CyDqnk4kENj5LSWrqkeWmbPJdmxaongi42 satoshi2022-08-16 04:53:37
1G2jymF8YWNk5HhqRWmRFEzqQWgHx4aFtq2 satoshi2022-08-16 04:53:24
DJsjeT5nGsKMPQgvahGSjRBDRTdMmtZnXV2 satoshi2022-08-16 04:53:07
bc1qvlfng87869yvez7yhvss6qxwka759gehtqnd0q2 satoshi2022-08-16 04:53:03
1CvSFzhMHdtYUz4TLWrgcziZ8fFc8BXe962 satoshi2022-08-16 04:52:59
1CqKFPbXazEGEzJbPmAQ8h5GvpPBwMC1nD2 satoshi2022-08-16 04:52:22
1CUVq5sDdqn9MGJ4AEJMhofb8dBnJCWboy2 satoshi2022-08-16 04:52:16

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.

Credits: CoinGecko, YouTube