What is Bitcoin?

"Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system."

- Bitcoin.org
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General

TICKER SYMBOLS
BTC, XBT
AGE
11 years old (January 03, 2009)
CURRENT PRICE
$8,650
Updated 3 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$19,326
2 years ago
CIRCULATING SUPPLY
18,048,812 coins
Updated 4 minutes ago via blockchain.info
MARKET CAP
$156,166,339,560
Updated 5 minutes ago
CREATOR
Satoshi Nakamoto

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (21,000,000 coins)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
10m
CURRENT BLOCK REWARD
12.5 coins
HASHING ALGORITHM
SHA-256
DIFFICULTY ADJUSTMENT
Every 2,016 blocks (~2 weeks)
1
bitcoin (BTC)
0.001
millibit (mBTC)
0.000001
bit (μBTC)
1E-8
satoshi (sat)

Categories

Payments