Category: Bitcoin (BTC)

Bitcoin (BTC) is the world’s first decentralized cryptocurrency. She was created in 2009 by Satoshi Nakamoto, whose true identity has yet to be confirmed. It follows a number of ideas first introduced in Nakamoto’s white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” published October 31, 2008.

Bitcoin uses peer-to-peer technology to facilitate payments without requiring a central authority to operate. Individuals who contribute to the computing power of the Bitcoin network, also known as “miners”, receive rewards and transaction fees paid in Bitcoin. One bitcoin is divisible to eight decimal places, and the smallest unit is known as satoshi.