Bitcoin
BTC
$ 37,209.00
1.00000000 BTC
Marketcap
$ 692,275,727,419
Volume (24h)
$ 49,466,925,675
Circulating Supply
18,603,781 BTC
Total Supply
21,000,000 BTC

What is Bitcoin?

Bitcoin is a crypto currency to support worldwide peer-to-peer payments built on top of a blockchain. Bitcoin was founded by a nickname called Satoshi Nakamoto. It is an anonymous person or group of people that created the open source technology project in 2009.

What is Bitcoin?
Bitcoin is an open-source payment gateway that is designed for everyone. Nobody owns or controls Bitcoin, but everyone can take part of it in order to support the payment network. De decentralized digital currency works without the control of central banks or governments. People transfer money trough the peer-to-peer network to each other. The transfer of the money is called a transaction.

How are Bitcoins created?
Bitcoins are created as a reward for the processing of 'mining'. Bitcoins can be exchanged for:
- other crypto currencies such as Ethereum, Tether and Ripple.
- other currencies such as Dollars, Euro, Renminbi, ...
- exchange products (cars, houses, goods, ...) or services

Bitcoin Transaction
In order to transfer a bitcoin, the signature is computed by an algorithm known as SHA-256. This algorithm cannot be reversed afterward. So an A-256 signature from some content can be calculated, but you can't get it from a SHA-256 signature.

Bitcoin Price
The price of 1 Bitcoin increased enormously the last 5 years. The main reason is that more and more people are buying the currency. Also companies are beginning to support the currency such as Paypal to do online payments.


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