Bitcoin (BTC)

Crafted with ♥ by Trade Crypto Live

Name	Price	Supply	Volume	Market Cap
Bitcoin	$10,898.00	18,502,468.00 BTC	$19,304,018,991.00	$201,637,248,487.00

QUICK STATS

Proof of Work (PoW)

Binance
Bitfinex
OKEx
almost all exchanges use Bitcoin

Bitcoin is the first decentralized digital currency and was created by Satoshi Nakamoto in 2009. They are digital coins you can send through the internet. They are transferred directly from person to person without going through a bank or any other central authority. This significantly reduces fees and means that Bitcoin can be used in any country.

Bitcoin was created to give financial freedom to the world. With access to the internet anyone, anywhere can send and receive Bitcoins without the inflated fees and limitations of the worlds many financial institutions and governments.

Litecoin (LTC), DASH (DASH), Monero(XMR)

VIDEOS

BACKGROUND

Whitepaper Summary

As the original “whitepaper”, Satoshi Nakamoto wrote a very direct and technical guide to Bitcoin and blockchain. It outlines the concept, application and technology behind Bitcoin very clearly.

Problem Solved

Bitcoin, unlike traditional currencies, has no international boarders and is worth the same in South Africa as it is in Canada. There is no central institution or group validating and monitoring the transfers or the production of Bitcoins making Bitcoin fast and inexpensive when compared to the current banking systems. There are no requirements to own Bitcoin like there are to open a traditional bank account. The wallet to hold Bitcoins is free and can be held digitally or even on paper.

Competitive Edge

Bitcoin brings a competitive edge to the financial system as a currency and asset that cannot be taken from you. Traditional currencies can be frozen in your accounts, stolen by inflation and even taken to bail out the “too big to fail” corporations.

Bitcoin can be destroyed. Once your single and only record of bitcoin or part of one is permanently destroyed it is gone forever. There are a limited number of Bitcoins and no more will ever be printed or need to be.

If you were to take out a $100 bill and burn it, that bill is destroyed but a new one will be made by the Federal Reserve to replace it. Fiat in circulation is printed as needed in almost all nations around the world and had helped led global debt and supported inflation growth for many years. Traditional currencies are printed at will and greatly diminish the value of the currency to the point that some countries financial structures are completely failing.

Development Roadmap

Since August 2017 the Bitcoin development community has implemented SegWit and released the Lighting Network to the mainnet.

These developments were big steps forward to improve transaction throughput and lowering fees that had been steadily rising.

Developments in the works included but are not limited to MAST (Merkelized Abstract Syntac Trees), Schnorr Signatures, Bulletproofs, Confidential Transactions, Sidechains and Mimblewimble.

INITIAL COIN OFFERING (ICO)

N/A

TEAM INFO

Creators / Founders

Satoshi Nakamoto
Founder
A pseudonymous software developer going by the name of Satoshi Nakamoto proposed bitcoin in 2008, as an electronic payment system based on mathematical proof. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way.

To this day, no-one knows who Satoshi Nakamoto really is.

Core Development Team

N/A

Notable Advisors

N/A

Notable Investors

N/A

Trade Crypto Live Sentiment

Bitcoin is… Big Daddy, Leader of the Pack, The First, The OG, and many other things to many people.

At Trade Crypto Live, Bitcoin is the driving force behind what we are and why we do it. Satoshi Nakamoto’s vision of a decentralized and secure financial marketplace, where there is equal opportunity and potential for all that take the time to understand and learn about it.

We strive to bring high quality education and up-to-the-minute crypto market insights. Allowing you to trade like a professional. Take the guesswork out of the equation and put the power of knowledge into every trade.

Reference & Links

https://www.coindesk.com/information/what-is-bitcoin/
https://money.cnn.com/infographic/technology/what-is-bitcoin/
https://bitcoin.org/en/

[bbp-single-forum id=64761]