Market Cap: $1 613 224 898 870 (2.68%)
  • Volume 24h: $102 671 773 465 (6.36%)
  • Market Cap Change 24h: 2.68%
  • BTC dominance: 44.71%

Bitcoin BTC

A worldwide cryptocurrency and digital payment system

Bitcoin is a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than depending on central authorities. The creator, Satoshi Nakamoto, wrote the original white paper in November 2008 and the Bitcoin network came into existence in January of 2009.

Proof Type: Proof of Work (PoW) Algorithm: SHA256 CMC Rank: 1
  • USD: $32 640
    1h: 0.68% 24h: 1.78% 7d: 4.42%
  • BTC: 1.0 BTC
All Time High: $64 805 3 years ago
Current price is -50 % from ATH
  • Cap: $612 038 954 183
  • Vol 24h: $22 493 547 788 (3.68 %)
  • Circulating: 18 756 012 BTC (89.3 %)
  • Total: 21 000 000 BTC (100.0%)
  • Max: 21 000 000 BTC

Bitcoin Price Chart

About 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 or banks.

Bitcoin is design 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.

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