What is a Bitcoin ..?
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Bitcoin is a digital currency created by an unidentified individual or group known as Satoshi Nakamoto, introduced in 2008 and released as open-source in 2009. It operates as a cryptocurrency, using cryptography for secure transactions without the need for central banking institutions. The supply of Bitcoin is capped at 21 million, with a halving event approximately every four years that reduces the number of bitcoins generated per block.
What is a Bitcoin ..?
- 2. What is “BITCOIN” Bitcoin is a crypto-currency and a payment system. Bitcoin is a form of digital currency, created and held electronically. Invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Introduced on 31 October 2008. Released as open-source software in 2009.
- 3. CRYPTO CURRENCY A Crypto Currency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions Crypto Currencies are used primarily outside existing banking and governmental institutions, and exchanged over the Internet
- 4. CRYPTO CURRENCY 86% 5% 1%1% 1% 1% 1% 0% 0% 4% Crypto Currency Market Cap (10-01-2017) Bitcoin Ethereum Ripple Litecoin Monero Ethereum Classic Dash Augur MaidSafeCoin Others
- 5. Block-Chain
- 6. “ Supply of Bitcoin ” 12.5 bitcoins per block (approximately every ten minutes) until mid 2020 Afterwards 6.25 bitcoins per block for 4 years until next halving. This halving continues until 2110–40, when 21 million bitcoins will have been issued.
- 7. Fast Fact of Bitcoin No one single entity controls this currency. There’s a finite number of bitcoins. You can mine bitcoins. You cannot reverse a transaction or be forced to pay Two pizzas were bought for 10,000 bitcoins in 2010 Bitcoins Could Be Used For Terrorist Purposes