Created by Ethos Support, Modified on Wed, 08 Feb 2023 at 07:09 PM by Ethos Support

The original cryptocurrency created by Satoshi Nakamoto in 2009. Allowing for near instant transactions of value in a P2P way, it operates as an decentralized, and thus un-hackable and immutable ledger of value stored on what is known as a blockchain. Bitcoin is not backed by any central government or institution. It exists purely as a distributed network of computers that attest to the uniqueness of any given transaction. Colloquially known as ‘The King of Crypto’ and ‘Digital Gold’ it is the most liquid of all cryptocurrencies, worth $189.76bn in terms of its total market cap, according to CoinMarketCap on 19th February 2018. Bitcoin requires a large amount of computing power to operate, relying on what’s known as a Proof of Work protocol.

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