About the Bitcoin
Bitcoin was created by an anonymous person or group of people using the name Satoshi Nakamoto. The genesis block, the first block in the blockchain, was mined on January 3, 2009.
The name 'Bitcoin' is a compound of 'bit', as in a unit of computer data, and 'coin'.
Interesting Facts
Decentralized Network
Unlike traditional currencies, Bitcoin is not controlled by any single entity like a central bank. It is maintained by a distributed network of computers around the world.
Limited Supply
The total supply of Bitcoin is capped at 21 million coins. This scarcity is a key feature of its design.
The Halving
Approximately every four years, the reward for mining new Bitcoin blocks is cut in half. This event, known as the 'halving', reduces the rate at which new bitcoins are created.
Historical Timeline
The Bitcoin whitepaper, 'Bitcoin: A Peer-to-Peer Electronic Cash System', is published.
The Bitcoin network is launched and the genesis block is mined.
First real-world transaction: 10,000 BTC used to buy two pizzas.
Bitcoin's price reaches nearly $20,000 for the first time.
El Salvador becomes the first country to adopt Bitcoin as legal tender.
The first spot Bitcoin ETFs are approved in the United States.
Security Features
Quick Facts
- ISO Code
- BTC
- Symbol
- ₿
- Subunit
- Satoshi (1/100000000)
- Introduced
- 2009-01-03
Central Bank
- Name
- None (Decentralized)
- Current Governor
- Satoshi Nakamoto (Creator) (since 2009)
Economic Data
What Affects the BTC Exchange Rate?
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