In July 2010, bitcoin began trading at US$0.0008, climbing to US$0.08 by month's end. The cryptocurrency then performed relatively flatly, slowly rising into the US$10 range until it spiked to US$250 in April 2013.
Bitcoin can be purchased fractionally, so you don't need to buy a full bitcoin to own some. For example, if bitcoin's price is $10,000, you can purchase 0.1 bitcoin for $1,000.
There are 2.3 million Bitcoin left to be mined. Surprisingly, even though 18.6 million Bitcoin were mined in just over 10 years, it will take another 120 years to mine the remaining 2.3 million.
The satoshi is the smallest unit of the cryptocurrency bitcoin. It is named after Satoshi Nakamoto, the founder(s) of the protocol used in blockchains and the bitcoin cryptocurrency.
A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system.