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Country: International
Site: bitcoin.org

Expert Review

Aug 21, 2019

Bitcoin (BTC) is the first cryptocurrency created in 2009 by a person or group of people under the name of Satoshi Nakamoto. Bitcoin was proposed as an alternative to the conventional banking system in the wake of the financial crisis of 2008. Unlike banks, the Bitcoin network is a decentralized anonymous peer-to-peer payment system designed to the way that it is almost impossible for a single entity to gain control over this network. Bitcoin introduced many essential innovations that defined cryptocurrencies for the next years: blockchain technology, Proof-of-work consensus algorithm associated with mining, cryptocurrency wallets (the system of private and public keys), limited supply of the currency, and so on. While Bitcoin was gaining its market price and attracting more and more people, Satoshi Nakamoto at some point stopped participating in the development of the project. Currently, the network is maintained by the Bitcoin community. Throughout the time Bitcoin has kept its first positions in terms of market capitalization and market price. Bitcoin is criticized for serious environmental impact (mining consumes much energy), low network capacity (the Bitcoin TPS number is much lower compared to banks or even PayPal), and the lack of use cases (despite the fact that people make payments and donations in Bitcoin every day).

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spiderman 13 September, 11:50 AM

It seems to me that Bitoin will never break this level..

RocketBoy 22 August, 2:36 PM

pls give me bitcoins!