#TradingPairs101 Bitcoin (abbreviated as BTC; symbol: ₿) (in English: Bitcoin) is the first decentralized cryptocurrency. It can be sent from one person to another over the Bitcoin network in a peer-to-peer manner without the need for a third party. Transactions on the network are verified using cryptography and recorded in a distributed ledger called the blockchain without a central authority overseeing it. Consensus among nodes is achieved through an intensive computational process known as proof of work, which secures the Bitcoin blockchain. Mining consumes large amounts of electricity and has faced criticism for the environmental impact of Bitcoin.

Bitcoin

The official logo of Bitcoin
Naming
The symbol
BTC — XBT Edit value on Wikidata
Development
First release
January 3, 2009 Edit value on Wikidata
Developers
Satoshi Nakamoto Edit value on Wikidata
Source model
Copyright reserved Edit value on Wikidata
License
MIT License Edit value on Wikidata
Website
bitcoin.org Edit value on Wikidata
Value
Exchange rate
$103,331.32 Edit value on Wikidata
Edit - Edit source - Edit WikiData about the template

Based on the ideology of free market, Bitcoin was invented in 2008 by an unknown person known as Satoshi Nakamoto. Bitcoin began to be used as a currency in 2009, when its application was released as open-source software. In 2021, it was adopted by $BTC .