Bitcoin is a distributed, worldwide, decentralized digital currency. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need of a central authority. There is no government, corporation that owns Bitcoin and it’s compeltely independent of banks. With Bitcoin, you have full control of your money.
- Released: January 2009
- Code: BTC
- Encryption: SHA-256
- Mining: GPU, FPGA and ASIC
- Block: 1 block generated every 10 minutes and reward will halve every 210,000 blocks
- Difficulty changes every 2016 blocks
- Total: 21 millions total BTC will be mined by the year 2140