Coin Information - Bitcoin - BTC



BTC
Bitcoin

Market Capitalization
USD 59,481,221,831
24hr Volume (Global)
3,958,676,566.643
Circulating Supply
17,420,575
Current Price
USD 3414.42356701
Date (UTC)
2018-12-13 12:19:59
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party." The paper is available at: http://www.bitcoin.org/bitcoin.pdf The main properties: Double-spending is prevented with a peer-to-peer network. No mint or other trusted parties. Participants can be anonymous. New coins are made from Hashcash style proof-of-work. The proof-of-work for new coin generation also powers the network to prevent double-spending.