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add active $18,337.60  on  Nov 23, 2020 

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Bitcoin icon Bitcoin  at  $18,636.80  on  Nov 21, 2020

The #BlackRock CIO Rick Rieder said Bitcoin is here to stay and will replace gold to a large extent. Check it out!

Bitcoin icon Bitcoin  at  $12,833.60  on  Oct 21, 2020

PayPal just announced that why will be adding support for Bitcoin in 2021. My friends keep telling me that it's just speculation but 2020 seems to be the year that a lot of the speculations are coming true. From the CBDC announcement and now PayPal!

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Overview of Bitcoin

Bitcoin is the first decentralized cryptocurrency introduced in 3 January 2009 by an unknown entity naming himself Satoshi Nakamoto. The idea and purpose of Bitcoin is to make decentralized and pseudo-anonymous transactions. It uses proof-of-work system to create new coins. It has a block creation time of 10 minutes in average and block size of 1MB. As of 2009 (creation of bitcoin), each block gave you 50 btc to the miner of that block, that value being halved every 4 years (giving today 12.5 per block). Smallest unit is called one satoshi which is 0.00000001 bitcoin or one hundred millionth of a bitcoin. Bitcoin also has transaction fees which, miners get verifying transactions. The technology used in bitcoin is very limited on creation of smart contracts. Bitcoin can handle up to 3.3 – 7 transactions per second.

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