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Recent Payouts

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38YBpmRZsgHKmeess8W2A2PmK4cX7AoYrw1 satoshi
1LMyNaYV82TF8GBWeHBAgY2nAnJ65BCXaw1 satoshi
19vrgX2JQjH46cQTtzvUAKcL5ft2Y19Mhy1 satoshi
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12YwynDPYmTpnirxiWjAVfPqB6ozueXg2t1 satoshi
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34HURDWt1FvMH55TP7hRZWB8kPkJrUxr4z1 satoshi
1PaYUmQiUQGPcRLmi1SqE2q6QzpqLM9Lo71 satoshi
1DVLBEjCfjDi3XcWPgKhfMkzJgsnoWhWD41 satoshi

What is Bitcoin?

Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.

It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

Bitcoin has been praised and criticized. Critics noted its use in illegal transactions, the large amount of electricity used by miners, price volatility, and thefts from exchanges. Some economists, including several Nobel laureates, have characterized it as a speculative bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.