$50,099.00 / $46,520.00
What is Bitcoin (BTC)
Bitcoin (BTC) is “a purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution” as its whitepaper states. As a fully decentralised crypto currency, Bitcoin can be hold in your own wallet and those Bitcoins can be sent into another wallet without a centralised authority’s permission but with the permission of a decentralised network.
Bitcoin network launched on January 3, 2009 by Satoshi Nakamoto, a person or a group of people whose identity have never been revealed. Bitcoins are created by a process which is called mining, that refers a process of adding new blocks to the blockchain by doing some computer work. Bitcoin has a limited supply (21 million BTC) and 1 Bitcoin can be divided into 100 millions of satoshis. So, the smallest amount of Bitcoins that can be sent is 0.00000001 BTC.