BTC

BTC

Bitcoin
$8331.29
-1.80%
Trade Now
Edit
  • Market Cap
    $151,472,741,441
  • 24h Vol (Global)
    ฿179,589 ($1,496,204,786)
  • Circulating Supply
    18,181,187
  • Issue Date
    2008-11-01
  • Issue Price
    -
  • 1m
  • 5m
  • 15m
  • 30m
  • 1h
  • 2h
  • 4h
  • 6h
  • 12h
  • 1d
  • 1w
Indicators
TradingView is loading…
  • Details
  • Rating
  • Market
  • Trades
Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
21,000,00018,181,1872008-11-01-POW1
blockchain.info
2
live.blockcypher.com
3
blockchair.com
4
blockexplorer.com
5
btc.com
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
18,181,200SHA256https://github.com/bitcoin/https://bitcoin.org/en/COIN

General Data and Information The theory behind Bitcoin was first described by Satoshi Nakomoto in a paper “Bitcoin: A Peer to Peer Electronic Cash System”published to a cryptographic mailing list on the 31st of October 2008. In this paper, Satoshi described the protocol (Proof of Work) that would solve the “double-spend”problem inherent in non-physical (digital) forms of currency. The first or Genesis block was mined by Satoshi on the 3rd of January 2009, with the text “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” written into the coinbase of the block to act both as a timestamp and a rebuke to the economic instability caused by the widespread practice of fractional reserve banking. The total supply of Bitcoins is capped at 21 million coins (roughly 18 million are currently in circulation), with each coin being divisible to the 8th decimal place, with a single unit of the smallest division (0.00000001 BTC) being known colloquially as a Satoshi (or sat). The software to run miners and wallets is open source and decentralized, meaning that the network is accessible to anyone with a computer and an internet connection. Transactions are validated and written into the blockchain by miners selected via the Proof of Work (SHA-256) protocol. The difficulty of the Proof of Work algorithm is adjusted every 2016 blocks (roughly 2 weeks) to maintain an average block time of roughly 10 minutes. New Bitcoins are created (minted) as a reward to the miner that mined the valid block, with the reward currently sitting at 12.5 Bitcoins per block. This block reward is halved every 210,000 blocks (roughly 4 years) until it reaches zero. This block reward serves as an economic incentive for the miners to continue securing the Bitcoin network. Milestones 31st October 2008 - White paper released by Satoshi Nakomoto. 3rd January 2009 - Genesis block mined by Satoshi Nakomoto. 12th January 2009 -First transaction using Bitcoin; Satoshi Nakomoto sends 100 BTC to Hal Finney. 22nd May 2010 - First recorded commercial transaction using Bitcoin; aka Pizza Day. 14th January 2016 - Lightning Network white paper, a Layer-2 solution to scaling Bitcoin. 1st August 2017 - Bitcoin Cash (BCH) hard fork. 23rd August 2017 - Segregated Witness (SegWit) implemented. Utility As the flagship cryptocurrency, Bitcoin maintains the largest market capitalization and liquidity making it the “reserve” currency against which all other crypto-currencies trade against. This means that crypto exchanges are obliged to offer BTC trading pairs ahead of any other pairing.This reserve status combined with the widespread availability of trading pairs gives Bitcoin a special status as a store of value in the crypto-currency ecosystem; trading between two alternative cryptocurrencies will often require Bitcoin as a bridge currency to facilitate the exchange. In addition, the widespread brand recognition of Bitcoin makes it is the first port of call for most newcomers to the crypto-currency space and it’s name is often considered by the wider public to be synonymous with the entire crypto-currency ecosystem. Although the acceptance of Bitcoin by vendors in the developed nations is not on the level of established fiat currencies, Bitcoin is finding more traction in developing countries where the existing fiat currencies are not able to properly function as stores of value over time. Significant Features - Decentralized access allowing any party with the open-source software and internet access to send and receive Bitcoin irreversibly without third party interference or trust. - Decentralized governance via open-source development and forking. - Relatively slow block times in comparison to other crypto-currencies although there are solutions in development such as the Lightning Network aiming to solve the problem of scaling. - Largest hashrate (ensuring the security and resilience of the blockchain) and largest liquidity. - Most common currency for crypto-currency exchange pairing - The hard coded scarcity (maximum 21 million coins) has led to comparisons to traditional physical scarce resources like gold. - Transactions are pseduo-anonymous. Funds are sent address to address, but an owner identity can eventually attributed to an address given enough data and analysis. - Average blocktime of 10 minutes; Total supply of 21 million BTC; Consensus via Proof of Work (SHA-256). References: https://bitcoin.org/bitcoin.pdf https://en.wikipedia.org/wiki/Bitcoin https://en.wikipedia.org/wiki/Satoshi_Nakamoto https://en.wikipedia.org/wiki/Double-spending https://en.wikipedia.org/wiki/Proof_of_work https://www.blockchain.com/en/charts/total-bitcoins

Teams
    Satoshi Nakamoto

    Satoshi Nakamoto

    Founder

    Satoshi Nakamoto is the name used by the unknown person or people who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation. As part of the implementation, they also devised the first blockchain database.In the process, they were the first to solve the double-spending problem for digital currency using a peer-to-peer network. They were active in the development of bitcoin up until December 2010.

    More
Introduction

General Data and Information The theory behind Bitcoin was first described by Satoshi Nakomoto in a paper “Bitcoin: A Peer to Peer Electronic Cash System”published to a cryptographic mailing list on the 31st of October 2008. In this paper, Satoshi described the protocol (Proof of Work) that would solve the “double-spend”problem inherent in non-physical (digital) forms of currency. The first or Genesis block was mined by Satoshi on the 3rd of January 2009, with the text “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” written into the coinbase of the block to act both as a timestamp and a rebuke to the economic instability caused by the widespread practice of fractional reserve banking. The total supply of Bitcoins is capped at 21 million coins (roughly 18 million are currently in circulation), with each coin being divisible to the 8th decimal place, with a single unit of the smallest division (0.00000001 BTC) being known colloquially as a Satoshi (or sat). The software to run miners and wallets is open source and decentralized, meaning that the network is accessible to anyone with a computer and an internet connection. Transactions are validated and written into the blockchain by miners selected via the Proof of Work (SHA-256) protocol. The difficulty of the Proof of Work algorithm is adjusted every 2016 blocks (roughly 2 weeks) to maintain an average block time of roughly 10 minutes. New Bitcoins are created (minted) as a reward to the miner that mined the valid block, with the reward currently sitting at 12.5 Bitcoins per block. This block reward is halved every 210,000 blocks (roughly 4 years) until it reaches zero. This block reward serves as an economic incentive for the miners to continue securing the Bitcoin network. Milestones 31st October 2008 - White paper released by Satoshi Nakomoto. 3rd January 2009 - Genesis block mined by Satoshi Nakomoto. 12th January 2009 -First transaction using Bitcoin; Satoshi Nakomoto sends 100 BTC to Hal Finney. 22nd May 2010 - First recorded commercial transaction using Bitcoin; aka Pizza Day. 14th January 2016 - Lightning Network white paper, a Layer-2 solution to scaling Bitcoin. 1st August 2017 - Bitcoin Cash (BCH) hard fork. 23rd August 2017 - Segregated Witness (SegWit) implemented. Utility As the flagship cryptocurrency, Bitcoin maintains the largest market capitalization and liquidity making it the “reserve” currency against which all other crypto-currencies trade against. This means that crypto exchanges are obliged to offer BTC trading pairs ahead of any other pairing.This reserve status combined with the widespread availability of trading pairs gives Bitcoin a special status as a store of value in the crypto-currency ecosystem; trading between two alternative cryptocurrencies will often require Bitcoin as a bridge currency to facilitate the exchange. In addition, the widespread brand recognition of Bitcoin makes it is the first port of call for most newcomers to the crypto-currency space and it’s name is often considered by the wider public to be synonymous with the entire crypto-currency ecosystem. Although the acceptance of Bitcoin by vendors in the developed nations is not on the level of established fiat currencies, Bitcoin is finding more traction in developing countries where the existing fiat currencies are not able to properly function as stores of value over time. Significant Features - Decentralized access allowing any party with the open-source software and internet access to send and receive Bitcoin irreversibly without third party interference or trust. - Decentralized governance via open-source development and forking. - Relatively slow block times in comparison to other crypto-currencies although there are solutions in development such as the Lightning Network aiming to solve the problem of scaling. - Largest hashrate (ensuring the security and resilience of the blockchain) and largest liquidity. - Most common currency for crypto-currency exchange pairing - The hard coded scarcity (maximum 21 million coins) has led to comparisons to traditional physical scarce resources like gold. - Transactions are pseduo-anonymous. Funds are sent address to address, but an owner identity can eventually attributed to an address given enough data and analysis. - Average blocktime of 10 minutes; Total supply of 21 million BTC; Consensus via Proof of Work (SHA-256). References: https://bitcoin.org/bitcoin.pdf https://en.wikipedia.org/wiki/Bitcoin https://en.wikipedia.org/wiki/Satoshi_Nakamoto https://en.wikipedia.org/wiki/Double-spending https://en.wikipedia.org/wiki/Proof_of_work https://www.blockchain.com/en/charts/total-bitcoins

Social Media
News
Bitcoin (BTC) Remains Unmoved After Elon Musk’s ‘Bitcoin Is *Not* My Safe Word’ Tweet
2020-01-10
Veteran Trader Peter Brandt Presents Three Scenarios That Prove Bitcoin Might Have Entered A Bull Market
2020-01-08
Q4 Review – Wrapping up the Year of Delivery
2020-12-31
Bitcoin ‘Needs More’ PR from People Like Peter Schiff: Binance CEO
2020-01-25
Bitcoin Risk-Return a ‘Different Beast’ Compared to Amazon: Analyst
2020-01-25
‘Nothing Special’ — Bitcoin Slumps 6% on Coronavirus, Chinese New Year
2020-01-25
SEC Goes Head-to-Head With Telegram, Makes a Guinea Pig of TON
2020-01-25
Effect of CME Futures Options on BTC Price Depends on Halving
2020-01-24
Two Veteran Traders See Bullish Signs With Bitcoin Rebounding to $8.5K
2020-01-24
LinkedIn Co-Founder Blue Outlines Risks of Blockchain Sexism: WEF
2020-01-24
Major Bitcoin Cash Pools Force 12.5% Mining Tax on Community
2020-01-24
Price Analysis Jan 24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XLM, ADA
2020-01-24
Travel Platform Travala Expands Payment Options With XEM
2020-01-24
Elon Musk Reveals His True Opinion on Bitcoin and Crypto
2020-01-24
Watch Thieves Wrench Open a Bitcoin ATM – Leaving a Regular ATM Intact
2020-01-24
Exchanges Hold More Bitcoin Than Ever as Coinbase Wallet Nears 1M BTC
2020-01-24
Bitcoin a Step Closer to Taproot, the Biggest Upgrade Since SegWit
2020-01-24
Celsius to Begin Offering Compounding Interest on Crypto Deposits
2020-01-24
Scammers Who Sold Coin '10x Faster Than Bitcoin' Now Jailed
2020-01-24
Why Many Online Casinos Switch to Cryptocurrency
2020-01-24
Suspected Bitcoin Launderer Vinnik Extradited to France
2020-01-24
US Deficit Will Be at Least 6 Times Bitcoin Market Cap — Every Year
2020-01-24
Bitcoin and Altcoins Turning Bearish
2020-01-24
Ripple’s XRP Sales Saw a Historic Low in Fourth Quarter of 2019
2020-01-24
Best Cryptocurrencies to Buy Things With
2020-01-24
Bitcoin Price Rally Falters as Bulls Fight to Hold the $8.3K Support
2020-01-24
Keeping Your Assets Safe — Crypto Insurance May Soon Become the Norm
2020-01-24
Accused Bitcoin Launderer Vinnik Reportedly Arrives at French Hospital
2020-01-23
Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows
2020-01-23
Amun Launched Short Bitcoin ETP on Leading Swiss Exchange SIX
2020-01-23
Greece Extradites Alleged Launderer of $4B in BTC Alexander Vinnik to France
2020-01-23
Bitcoin ETF Still Far Away, VanEck CEO Says
2020-01-23
Considering Stealing Bitcoin? These Two Suspects Wouldn't Recommend it
2020-01-23
Chiliz Launches Crypto Exchange for Trading Sports Fan Tokens
2020-01-23
Disgruntled Employee Stole Bitcoin from Japanese Project Vipstarcoin
2020-01-23
Pornhub Adds Tether Stablecoin as New Crypto Payment Option
2020-01-23
The Gambling Scene and Crypto Currency: Is there a solid link?
2020-01-23
Peter Shiff's 'Lost' Bitcoin 'Mystery is Solved'!
2020-01-23
Bitcoin and Altcoins Bulls Struggle to Gain Strength
2020-01-23
Derivatives Exchange BTCMEX Launches Lucrative Affiliate Program and $120 Trading Bonus
2020-01-23
Peter Schiff Bungled Wallet Password, Solving ‘Bitcoin Mystery’
2020-01-23
How Much of a Risk Is Investing in Bitcoin?
2020-01-23
Bitcoin Price Slides to $8.5K as 200MA Resistance Keeps Bulls in Check
2020-01-23
The Unstoppable Trajectory: Stablecoins Are Evolving Traditional Finances
2020-01-23
Has Quebec Missed the Ship for Attracting Cryptocurrency Miners?
2020-01-23
Justin Sun’s Secret Projects, or What Lies Beneath Tron Founder’s Empire
2020-01-23
No, gold bug Peter Schiff’s Bitcoin wallet did not “corrupt”
2020-01-23
784,149 Bitcoin Addresses Now Hold at Least One BTC in New Sign of Long-Term Accumulation
2020-01-23
The Evolution of Bitcoin's Technology Stack
2020-01-23
The Poloniex Situation Continues to Worsen as Traders Bail
2020-01-22