• Bitcoin was created in 2008 by an anonymous/group of people named Satoshi Nakamoto
• Bitcoin was officially launched on Jan 3rd, 2009
• Bitcoin works on Proof-of-Work (Pow) protocol
• Bitcoin All Time High (ATH) price is ($19,497.40)
Bitcoin (BTC) is an innovative payment network that uses peer-to-peer technology to operate without centralization. Bitcoin was founded in 2008 by a person/group of anonymous people known as Satoshi Nakamoto. The first genesis block was mined on 3rd January 2019. Managing transactions and the issuing of Bitcoins is carried out collectively by the network itself. Bitcoin is mined using ASIC (Application Specific Integrated Circuits) hardware devices. Bitcoin was earlier termed as ‘Digital Gold’ that follows the popular Hashing Algorithm SHA-256. The rewards to miners for validating the transactions are paid in Bitcoins, however, the amount of Bitcoins generated by this process reduces by half every 4 years. Bitcoin is the first truly decentralized currency that completed 10 years in 2019. In the past decade, a lot of development around Bitcoin has taken place and it still has more than 50% of the dominance of the cryptocurrency market.