Bitcoin (BTC)

Short description

Bitcoin is a decentralized network for direct value transfer (peer-to-peer). The concept was designed in 2008 under the pseudonym Satoshi Nakamoto. It remains unclear who is actually behind the pseudonym.

The Bitcoin white paper, which was published in October 2008 and spread in software development circles, contained a description of how to implement a digital currency based on blockchain technology. It describes a payment system in which its participants can transfer values on an equal and direct basis (P2P) without the help of an intermediary.

The technological basis was a complex combination of several previously developed components, which were necessary for the creation of a payment system. The combination of these components solved a previously fundamental IT problem that had so far prevented a software-based payment system (see: double spending). A cryptographic puzzle called Proof of Work made it possible to check and process payments without a central instance. All transactions are kept on independent computers in a distributed ledger system.

As the oldest and, measured by market capitalization, the most important crypto currency, Bitcoin is a censorship-resistant, decentralised peer-to-peer payment processing network with a limited supply.

not USD!
Marketcap $0
24h Transaction Volume in USD $0
Circulated Supply 0
Max. Token Supply -
Inflationrate 0%
24h Transaction Volume in USD -
Median Transaction Volume -
Median Transactioncost -
Alltimehigh (23.06.2021) $0.00
Down from ATH 0%
52 Week Low (23.06.2021) $0.00
Volatility (90d) 0%
Performance 2021 0%
Source: messari.io

Token Offer

The Bitcoin mining process is the only way to obtain newly created Bitcoins. The miners receive newly created Bitcoins as payment for the necessary provision of computing power. Currently, the compensation is 6.25 Bitcoins. The payout ratio is halved every 210,000 blocks or approximately every 4 years.

Due to the decreasing number of distributed Bitcoins, the supply slows down over time. The maximum number of Bitcoins is capped to 21 million in the code, which should be reached in 2140.

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