Bitcoin is the first-ever Cryptocurrency in the world, Bitcoin initially proposed by Satoshi Nakamoto on October 31, 2008, through a whitepaper that described how it would work. Later on, January 3, 2009, Bitcoin first appeared. The identity of bitcoin’s creator Satoshi Nakamoto is still a mystery for the world.
The king of all cryptocurrencies, Bitcoin is often used interchangeably for the term ‘cryptocurrency’ itself. The main purpose of Bitcoin’s development was to provide a p2p (peer to peer) digital currency using which one can send payments without the involvement of any third party.
Over the last year, Bitcoin’s price had risen rapidly. At the start of the year 2017, one bitcoin was worth about $997. However, by the end of the year 2017, the price briefly went near to $19000 which is more like a reflection of its rising popularity.
Bitcoin is a decentralized cryptocurrency, which requires no mediator, or intermediaries while transferring money from user to user or peer to peer through a process known as mining. Bitcoin is regarded as the most convenient cryptocurrency in the domain of digital money, invented with a motive to be beneficial for the world and transform finance of the modern world.
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