Bitcoin

by Bitcoin: A Peer-to-Peer Electronic Cash System
Write a review 1 discussion

The first and most popular cryptocurrency.

Bitcoin description

Bitcoin is the first developed cryptocurrency that started the whole crypto-industry. Information material from pro​ject cryptodefix.com. Information about bitcoin transactions is stored in open source code. Crypto-exchanges and other crypto-services often use an acronym for bitcoin: BTC.

Bitcoin uses peer-to-peer payment system technology. It has no definite owner and transactions, where Bitcoin was used as a currency, are completely transparent. Cryptocurrency is used to buy products and pay for services, to exchange for state currencies or other cryptocurrencies.

To work with the currency and to carry out transactions, the user must have his own digital wallet. The crypto wallet will record transaction data and keys (bitcoin address of the user). Completed transactions cannot be undone, if the user has made a mistake in the recipient's address, the currency can no longer be returned. Bitcoin can be mined or bought.

Differences of Bitcoin from other currencies:

  • Bitcoin's value is set by the market without reference to resources or instructions from central authorities.
  • There are no restrictions on the amount of money in the wallet, the size and the number of transactions; there is no need to confirm identity to create an account.
  • All transactions are handled by other users, and transactions are irreversible; in case of errors or misprints, there is no way to recover funds.

Interesting facts

  • Bitcoin is currently the most expensive currency in the world.
  • Bitcoin's minimum value is named “Satoshi”, after the creator of the cryptocurrency, Satoshi Nakamato.
  • Bitcoin appeared in 2009 and considered as the founder of cryptocurrencies.

Bitcoin features

Cryptocurrencies

Check out Payment currencies 0
Reviews
News
0
No reviews

Have you used the Bitcoin crypto project? Leave a review to help people make a decision.

Revenue of Bitcoin miners fell to a minimum

November 28, 2022

The rate of bitcoin dropped below $16 thousand

November 21, 2022

The difficulty of Bitcoin mining has increased by 13.5%

October 10, 2022

Scientists call Bitcoin digital crude

September 30, 2022

Bitcoin rose by 6% in 24 hours

September 27, 2022

Bitcoin fell in price and hit a July low

August 29, 2022

The value of transactions in the Bitcoin network exceeded $100 trillion

August 25, 2022

Tesla sold 75% of its Bitcoins

July 21, 2022

The value of Bitcoin rose above $22,000

July 18, 2022

The ECB noted the environmental friendliness of Proof-of-Stake

July 16, 2022

Bitcoin’s hashrate fell 27% in one day

July 14, 2022

The rate of Bitcoin fell below $20 thousand

June 30, 2022

The SEC confirmed Bitcoin’s classification as a commodity

June 28, 2022

Bitcoin is back above $30000

May 13, 2022

Bitcoin fell 12% and dropped below $27,000 for the first time since 2020

May 12, 2022

Bitcoin funds have seen the largest outflow since 2021

May 4, 2022

The cost of Bitcoin updated the local minimum

April 25, 2022

The value of Bitcoin for the first time since April 11 rose to $ 42,000

April 20, 2022

Bitcoin hit a one-month high above $45000

February 7, 2022

The first bitcoin transaction turned 13 years old

January 12, 2022

Holder withdrew Bitcoins he purchased 10 years ago

December 30, 2021

Wallmart started selling Bitcoins

October 21, 2021

Attackers conducted a fake bitcoin airdrop before Apple’s presentation

October 18, 2021

The head of JPMorgan criticized Bitcoin

October 11, 2021

JPMorgan named 3 reasons for the rise in the price of bitcoin

October 7, 2021

The rate of Bitcoin rose above $55000

October 6, 2021

Steve Wozniak called Bitcoin a mathematical miracle

July 8, 2021