6 May, 2019

Bitcoin

Posted on : May 6, 2019 by : BlockGlossary

Meaning of Bitcoin

Bitcoin is the first decentralized cryptocurrency built on Blockchain technology invented by a mysterious yet to be identified developer (Satoshi Nakamoto) and released in 2009 as a “ decentralized peer-to-peer electronic cash system.”

Bitcoin is the original innovator, paving the way for the rest in cryptocurrency.

It is represented with BTC just as USD for Dollars! See Altcoin.

Full Name: Bitcoin Core

Symbol: BTC

Total Supply: 21Million

Blockchain: Bitcoin

Launched: 3rd January, 2009

Launched Price: $1USD = 1,309.03BTC

Genesis Address: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

Programming Language: C++

Mineable: Yes

Modes of Mining: PoW

Founder/Developer(s): Satoshi Nakamoto

Digits: 8(0.00000000)

Smallest Unit: Satoshi. 1BTC = 100,000,000 satoshi

Forked From: None

Forked Coins: Litecoin (LTC)/2010 || Bitcoin Cash (BCH)/1stAug,2017 || Bitcoin Gold (BGD)/2017 || Bitcoin Diamond (BCD)/2017 || United Bitcoin (UBTC)/12thDec,2017 || Super Bitcoin (SBTC)/12thDec,2017 || Lightning Bitcoin (LBTC)/Dec,2017 || Bitcoin God /Dec,2017 || Bitcoin Segwit2x (B2X)/Dec,2017 and numerous others.

Algorithm: SHA256

Website: Bitcoin.org

Twitter: @Bitcoin

Facebook: Bitcoin.org

Telegram: Bitcoin.org

Reddit: Reddit.com/r/Bitcoin/

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