Born in 2009, Bitcoin is the father of all cryptocurrencies and is the most famous and valuable one. Satoshi Nakamoto is the pseudonym of the man who designed and created Bitcoin and the Bitcointalk forum. He is an expert in cryptography and computer science. Until the end of 2017, he owned 16.5 billion in BTC. The price of the first Bitcoin was $0.003, but it has built a strong reputation and just for a decade has reached the recording $21 000 per 1 coin.

One of Bitcoin’s advantages that makes it unique is the decentralization – meaning no central government can implement any monetary policy. If a part of the network is out of order for some reason, the flow of money does not stop. The block time is around 10 minutes, and the total supply of minable coins is 21,000,000. The consensus protocol is Proof of Work with a SHA256 algorithm.

Because Bitcoin is the most traded currency, it is not possible to have a stable price. Every single day it goes up or down from 10% to 20%, and this is normal.

An interesting fact about the currency is that FBI owns the most powerful machine for mining bitcoins and in 2013 they made the fortune of $48 million by selling 144 000 BTC.

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