Bitcoin Logo

Claim Free BTC

Earn 50% referral commission.

Recent Transactions

User Reward Date
DGnsFJCD9Np5gf1LKbCZt8fbbAkdC9iy7x2 satoshi2023-10-03 19:39:24
1BV3d1LjexDNVy9aQMs7exmqV7JGo44KUA2 satoshi2023-10-03 19:38:39
14qoJRtP2pBPDS3HvtzT4TV2V99Lq1Lhyo2 satoshi2023-10-03 19:37:09
1ANW66mvnqARSKpZ69skdKdsbNo9GTkZEB2 satoshi2023-10-03 19:36:51
16i2FnN7JYWao6iSUy1btVvk5s2ddEUbTF2 satoshi2023-10-03 19:35:30
1J8bHzWZSTC6SrBaaD9Vfkn1M5rKoxRrtx2 satoshi2023-10-03 19:34:33
[email protected]2 satoshi2023-10-03 19:33:50
1KMZkAnBbJngDC4G4sCj8tRb7vDhQfKpH3 satoshi2023-10-03 19:33:04
39uvCY7Hcr61uX5CNExwDz8FhacHA6uHRy2 satoshi2023-10-03 19:32:23
19nVEVTXnYBQwo3Mt74BYLzqhc7hAhntap2 satoshi2023-10-03 19:32:15

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