Symbol: BTC
Invented by: Satoshi Nakamoto (pseudonym)
Year invented: 2009
Website: bitcoin.org
Whitepaper: http://bit.ly/2vmODcu
Usecase: peer to peer electronic cash system
Circulating Supply: 16,499,400
Total Supply: 21,000,000
Popular Exchanges: Bittrex, Bitfinex, Poloniex, Coinbase, GDAX
Popular Wallets: Ledger, Trezor
October 2017 Exchange rate: 1BTC=$
% Gain in 2017Overview: Bitcoin is a worldwide cryptocurrency and digital payment system[13]:3 invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.[14] It was released as open-source software in 2009.[15]
The system is peer-to-peer, and transactions take place between users directly, without an intermediary.[13]:4 These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.[13]:1[16]
Besides being created as a reward for mining, bitcoin can be exchanged for other currencies,[17] products, and services in legal or black markets.[18][19]