Bitcoin Logo

Claim Free BTC

Earn 50% referral commission.

Recent Transactions

User Reward Date
16TbU7FGK5rAKpFyEKHeSZr8YrFJriaFx32 satoshi2023-10-03 21:31:25
1JVvu27FLDL1BGqsmrDX5Mj7bP53ugxMss2 satoshi2023-10-03 21:29:20
1BRFKygqQbMF4LuVV4cQQVj65szsQnZazw2 satoshi2023-10-03 21:27:26
16yJDKd8tYrqpMxLgQSqGokzAMgbpGZJRp2 satoshi2023-10-03 21:21:46
1JWpmdUPzuG63Q2dH5puiLWijASMoh3HUC2 satoshi2023-10-03 21:18:49
1p4dVagKgwEGYt9LxJgGffG2acwcwkZFu2 satoshi2023-10-03 21:18:30
3NP5WAesfjq5APNSNSZuRjUZ5AmzgKDk6B2 satoshi2023-10-03 21:18:13
DGwPKLfdGENn2YDXBV3kZFX6GUQiu27Vkp2 satoshi2023-10-03 21:16:51
1NyCzuzGz59bURjAVSYW9Bo1CbNYP6Tt1S2 satoshi2023-10-03 21:15:16
1LWNkJynPLxwixnzsegbCsCaHYa3NjPzbX2 satoshi2023-10-03 21:13:12

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