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What is Bitcoin?


Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

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07-19-2018 3:57:16
1Pqn8HjEkjuRD3KSd-9jUKDy8PKYZFyJtBX
15 satoshi
07-19-2018 3:54:30
19M7i3gyKqQYwEvvR-QcYyZHE3omFDVbHYo
15 satoshi
07-19-2018 3:52:05
1JsNYZDHrTUJmA25n-eust1cfSSGPMsp2Ry
15 satoshi
07-19-2018 3:48:01
3HdiJ1m5goP1DAjE5-Gpcw2R8hMjfKFXAZp
15 satoshi
07-19-2018 3:42:23
14TLwHG7Kjs8kh2yq-UMarW3ef8PmApdBar
15 satoshi
07-19-2018 3:41:15
3FjHKLKeip9Qpytao-GGcHApcXHEQuRiic8
15 satoshi
07-19-2018 3:39:08
3HdiJ1m5goP1DAjE5-Gpcw2R8hMjfKFXAZp
15 satoshi
07-19-2018 3:37:20
3NpP3mnUbLYAcr3TY-Fu3q5M55zbf3YdMfQ
15 satoshi
07-19-2018 3:36:26
19M7i3gyKqQYwEvvR-QcYyZHE3omFDVbHYo
15 satoshi
07-19-2018 3:32:43
1KLGMUP4H78uNGby6-n6EeyaFcR3sjnFBG8
15 satoshi
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