What is Bitcoin? Learn all about BTC

What is Bitcoin? Learn all about BTC


What is Bitcoin?

After the 2008 crisis, a person or persons named Satoshi Nakamato published technical papers on Bitcoin, an end-to-end electronic payment system. Bitcoin thus emerged as a decentralized, tertiary-intervention-proof cryptocurrency. In 2009, it was launched as a public network. Bitcoin was subsequently dubbed the "1st generation blockchain" as the first successful cryptocurrency. 

Because it is not subject to regulation or control, Bitcoin's value has risen from zero to thousands of dollars. Following the rise of Bitcoin, many other cryptocurrencies have emerged. These currencies are called "alternative coins", also known as "alt coins". 

The maximum amount of Bitcoin that can be produced on the Bitcoin blockchain platform is 21 million units. Bitcoin enables peer-to-peer, address-to-address transfers and the block generation time is approximately 10 minutes. Bitcoin addresses are users' identities on the platform. They cannot be associated with the person who made the transaction and cannot be claimed if the keys to these addresses are lost. 

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