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About Bitcoin

Bitcoin (BTC) is the world’s first decentralised cryptocurrency. It was created in 2009 by Satoshi Nakamoto, whose true identity is still yet to be confirmed. It follows a set of ideas first introduced in Nakamoto's white paper, 'Bitcoin: A Peer-to-Peer Electronic Cash System', published on October 31, 2008.

Bitcoin uses peer-to-peer technology to facilitate payments that require no central authority to operate. Individuals who contribute computing power to the Bitcoin network, also known as ‘miners’, are incentivised by rewards and transaction fees paid in Bitcoin. One Bitcoin is divisible to eight decimal places, and the smallest unit is known as a satoshi.

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