World's biggest Cryptocurrency exchange availible on web
as well as mobile phone.
Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed. Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon. The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm.
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In 2008, Bitcoin creator Satoshi Nakamoto published a whitepaper outlining the technical aspects of Bitcoin, labeling it "a peer-to-peer version of electronic cash."
Though Bitcoin's whitepaper was published in 2008, Nakamoto did not release Bitcoin's software until January 2009. That release allowed Bitcoin miners to start the Bitcoin network, generate Bitcoin, and confirm transactions for the first time.
In 2010, Nakamoto went offline. He passed control of Bitcoin's codebase to Gavin Andresen, who became one of the most significant early Bitcoin developers. Nakamoto's departure also led to division within the cryptocurrency community, as no single developer had Nakamoto's level of authority.
In 2011, the dark net market Silk Road opened and allowed Bitcoin as a payment option. Though the FBI shut down the site and seized its Bitcoin in 2013, the Silk Road inspired other dark net markets to make use of Bitcoin.
In 2012, Bitcoin underwent its first "halving." This event cut block rewards in half (from 50 BTC to 25 BTC) in order to discourage Bitcoin mining and reduce inflation. The halving seemingly worked as intended: the price of BTC rose from $12 to $650 over the four-year period that followed the halving.
In October 2013, the world's first Bitcoin ATM was installed in Vancouver, BC, Canada. Other early ATMs were installed in Bratislava, Slovakia in October 2013, and in Albuquerque, New Mexico in February 2014. As of October 2020, there are over 3.5 million Bitcoin ATMs in operation across the world.
Bitcoin underwent its second halving in 2012 and reduced its block reward from 25 BTC to 12.5 BTC. Once again, reduced inflation had its intended effect: BTC prices rose from $650 to roughly $8000 over the four years between halvings.
By the end of 2017, Bitcoin reached an all-time high of $19,700. However, Bitcoin prices fell rapidly over the course of 2018, reaching $3700 by the end of the year. Since then, Bitcoin prices have partially recovered: BTC is currently worth $13,000.
2019 saw the launch of one of the most anticipated Bitcoin projects: Bakkt. Unlike standard crypto exchanges, Bakkt does not handle actual Bitcoin; instead, it sells investment contracts, or futures. The launch of Bakkt marked a regulatory milestone for crypto startups that aim to serve institutional investors.
2020 has proven to be an eventful year for Bitcoin. Various factors caused a "flash crash" in March, while May marked Bitcoin's third halving. Most notable though, is PayPal's recent decision to buy and sell Bitcoin on its payments website—a level of mainstream adoption that has never been seen before.
This is the first & an important feature of Blockchain. The most remarkable thing about this Blockchain.
Blockchain technology is considered more secure than its contemporaries because of lack of a single point.
Creating immutable ledgers is one of the main values of Blockchain. Any database that is centralized.
Traditional banking systems are very a unbelievably slow, probably because of they require a settlement time.
Decentralized technology gives you the ability to store your assets on a network without the oversight.
The consensus algorithm is an integral feature of every blockchain and indeed is a defining characteristic.