Learn about the current market dynamics. Download the exclusive Q3 2017 Cryptocurrency Report
BTC
Exchange
USD
Market Cap
$307,215,953,873
24h Low / 24h High
$17,708.11225 / $18,342.64896
24 Hour Trading Volume
$3,605,590,378
Complete Metrics Score
Total93%
Major Exchanges Trading Activity
Liquidity96%
Source Code Repository Activity
Developer98%
Social Media & Discussion Board
Community89%
Market Cap $307,215,953,873
24h Low / 24h High $17,708.11225 / $18,342.64896
24 Hour Trading Volume $3,605,590,378
Complete Metrics Score
Total93%
Major Exchanges Trading Activity
Liquidity96%
Source Code Repository Activity
Developer98%
Social Media & Discussion Board
Community89%
BTC
Exchange
USD

Bitcoin (Overview)

About

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

Bitcoin is changing the way we see money as we speak. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no banking hours.

As of the current design, there will only be 21 million Bitcoin ever created, thus making it a deflationary currency unlike fiat currencies. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes.

Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on.

Genesis Date January 03, 2009 (almost 9 years)
Hashing Algorithm

SHA-256

Hashrate
Block Time

10.0 Minute

Blockchain/Supply

https://bitcointalk.org/‎

Available/Total Supply

16.7 Million / 21 Million