Bitcoin

Bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer.

Where it is used? As a type of a cryptocurrency, it can be used as a payment method for goods or services.

What’s the use of it? Quick and cheap transactions, decentralized currency, anonymous and absolutely transparent.

Interesting facts

  • Since 2017, Bitcoin has had higher annual transaction values than PayPal
  • The average Bitcoiner is a male European or American between 25 to 34 years of age
  • The maximum number of bitcoins isn’t really 21 million. In fact, it’s 20,999,987.4769 or thereabouts. It’s expected that the last bitcoin amount will be mined sometime between the years 2128 and 2140.
  • 289,246 – The avarage bitcoin transactions per day (https://www.blockchain.com/charts)