#BinanceEarnYieldArena Bitcoin [ar 1] (abbreviated as BTC; symbol: ₿) (in English: Bitcoin) is the first decentralized cryptocurrency. It can be sent from one person to another over the Bitcoin network in a peer-to-peer manner without the need for a third party. Transactions on the network are verified using cryptography and recorded in a distributed ledger called the blockchain without a central authority overseeing it. Consensus between nodes is achieved through an intensive computational process based on proof of work known as mining, which secures the Bitcoin blockchain. Mining consumes large amounts of electricity and has been criticized for the environmental impact of Bitcoin.

Bitcoin



The official logo of Bitcoin

Label

BTC[1] — XBT[1][2][3] 

Development First Release

January 3, 2009 

Developers

Satoshi Nakamoto 

Source Model

Copyright reserved [other languages] 

License

MIT License 

Website

bitcoin.org 

Value Exchange Rate

$103,331.32[4] 

Edit - Edit Source - Edit Wikidata 

Based on the ideology of free market, Bitcoin was invented in 2008 by an unknown person known as Satoshi Nakamoto.[6] Bitcoin began to be used as a currency in 2009,[7] when its application was released as open-source software.[8]:ch. 1 In 2021, it was adopted by El Salvador as legal tender.[9] It yields as of 2021.[11]

History