The current Bitcoin price is $62,902.16 per (BTC/USD) and the current market cap is $1,201.01B USD.

What is Bitcoin? $BTC

Bitcoin (BTC) is the first cryptocurrency actually created. Next, we will talk in more detail about who created it and why it remains the most expensive cryptocurrency in the world.

History of Bitcoin

Bitcoin was first introduced to the public in 2009 by an anonymous developer or group of developers named Satoshi Nakamoto. 

Bitcoin is the first virtual currency whose transmission is protected by the principle of cryptography (hence the name cryptocurrency). The coin is issued thanks to mining: this is a process during which miners give their processor power and receive a reward in the form of cryptocurrencies. 

In this way, cryptocurrency is not owned and controlled by a single person or country at the same time.

The first Bitcoin payment was made on May 22, 2010: it was a programmer Laszlo Hanech from Florida (USA). He bought two pizzas for 10 thousand bitcoins. At that time, 1 BTC was worth less than one cent. Currently, the value of one bitcoin fluctuates at the mark of more than 22 thousand US dollars.

How secure is Bitcoin

As envisioned by Satoshi Nakamoto, all information about Bitcoin transactions is open, meaning that it is always possible to trace the movement of BTC from address to address. At the same time, there is no information about the owners of these addresses, which corresponds to the principles of anonymity. Cryptocurrency is also protected from hacking and copying using cryptographic (encryption) protection methods.

The Bitcoin market: total volume, how it develops

There is a limited number of bitcoins in total: there can be no more than 21 million. The last bitcoin will be mined approximately in 2140. The limited resource affects its price: thus, Bitcoin remains one of the most expensive cryptocurrencies.