BITCOIN

(BTC)

BITCOIN ABOUT COMMENTS

BITCOIN STATISTIC

  • $7,434.69 USD
    Price
  • 5,394.97%
    ROI
  • #1
    Market Rank
  • $17,667,610,765 USD
    24 Hour Volume
  • 18,085,962 BTC
    Circulating Supply
  • 18,085,962 BTC
    Total Supply
  • 21,000,000 BTC
    Max Supply
  • $65.53 USD
    (Jul 05, 2013)
    All Time High
  • $20,089.00 USD
    (Dec 17, 2017)
    All Time Low
  • $13,796.49 USD /
    $3,191.30 USD
    52 Week High / Low
  • $10,595.64 USD /
    $6,617.17 USD
    90 Day High / Low
  • $9,368.48 USD /
    $6,617.17 USD
    30 Day High / Low
  • $7,836.10 USD /
    $7,170.92 USD
    7 Day High / Low
  • $7,743.43 USD /
    $7,300.72 USD
    24 Hour High / Low
  • $7,743.43 USD /
    $7,232.68 USD
    Yesterday's High / Low

WHAT IS

BITCOIN?

  1. Miners (digital miners) and their computers compete to complete these transactions, giving them a bitcoin reward. A new block is created approximately every ten minutes. It is through mining that new bitcoins are created.
  2. When a bitcoin transaction takes place, information is sent through the network. Nodes in the network then verify the transaction. This process ensures that the sender of bitcoin actually owns the sum that he is trying to send, as well as that the sum is not sent to anyone else before.
  3. Once the information has been confirmed, the transaction is included in a so-called block, along with several other transactions. Once the transfer has been placed into a block, the proof of this remains in the blockchain network forever.
  4. The blocks are linear, where new transactions are placed into the Bitcoin wallets. Each block contains part of the block completed just before. Thanks to the structure of the blockchain, it becomes more difficult and difficult with time to change or remove a block.
  5. The technology of the blockchain has enabled many new projects.

Bitcoin is a cryptocurrency and payment system that works all over the world. Bitcoin is decentralized and independent, independent of a specific bank or state. It is a so-called peer-to-peer payment system based on the blockchain. The network verifies each transaction using computers and mathematical equations. Keep reading to explore what is Bitcoin.

Bitcoin is used to safely transfer value via the internet without a third party. Each bitcoin transaction is documented and verified publicly, providing transparency and security.

Here you can read our detailed guide on buying bitcoin with us. With the BTCX Express service, you can buy bitcoin and get it delivered within a couple of minutes. If you want to sell your bitcoin you can read our guide here.

In 2008, a document was published online (a so-called technical white paper). The document contained an explanation about the concept of cryptocurrency and how Bitcoin works. The script was titled Bitcoin: A Peer-to-Peer Electronic Cash System, signed with the alias of Satoshi Nakamoto. Bitcoin was launched year after with open source.

How to Buy Bitcoin?

To buy Bitcoin, you need a digital wallet (a so-called wallet). It is the wallet that keeps track of all transactions and that generates new addresses. Your digital currency is never really in a physical wallet. The digital wallet only reflects the information already stored in the blockchain. Each digital wallet has a public key that is combined with the secret, private key, which allows you to send cryptocurrency to anyone you want. Each cryptocurrency has wallets designed for that specific currency, but many companies have created wallets that can handle multiple cryptocurrencies at once. Read more about the wallet address here.

Meta: Here are additional information about what is Bitcoin, how it works and how you can buy it.