What is Bitcoin (BTC)

Looking for information about Bitcoin? In a series of token info articles, we will help you to understand the main information about the most-known cryptocurrencies and their working principles.

Our main Bitcoin review was updated – you can find new one here.

New Bitcoin Review by MEXC

Bitcoin (BTCTrade it here) is a decentralized digital asset, without a control by bank or any single administrator, that can be transferred from user to user on the P2P (peer-to-peer) bitcoin network (Blockchain) without the need for intermediaries.

When Bitcoin was found?

Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.

Bitcoin mining & price

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Some investors and economists have characterized it as a speculative bubble at various times. Others have used it as an investment, although several regulatory agencies have issued investor alerts about bitcoin. In September 2021, El Salvador officially adopted Bitcoin as legal tender, becoming the first nation to do so.

Ready to go next?

Now you know everything that is important about Bitcoin. Looking for how to start with trading or participate in earning events on MEXC? In the MEXC Academy products section, you can explore both MEXC product descriptions and trading tips. If you are looking for news and industry events, visit MEXC Blog and MEXC TV.

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The content of this webpage is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.

Please note that the information and data above are cited from third-party sources & whitepapers and do not represent MEXC. Please refer to direct sources for more details. This is not financial advice and does not constitute an offer or solicitation to offer or recommend any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.

This disclaimer informs readers that the MEXC Creator’s content, views, thoughts, and opinions expressed in the articles belong solely to the creators and authors, and not to MEXC Global itself. MEXC Global doesn’t give any investment recommendations or advice.

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