What is Bitcoin (BTC)?

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2025-12-27
What is Bitcoin (BTC)?

Bitcoin (BTC) was first introduced by Satoshi Nakamoto in 2009. Its open-source software, based on Nakamoto’s ideas, runs on a P2P network. Bitcoin is a P2P digital currency; peer-to-peer transfer means a decentralized payment system. More details are below.

Bitcoin (BTC) was introduced by Satoshi Nakamoto in 2009. Its open-source software runs on a P2P network. Bitcoin is a P2P digital currency; peer-to-peer transfer means a decentralized payment system.

  • Total supply: 21,000,000
  • Block time: ~10 minutes on average
  • Block reward interval: 210,000 blocks
  • Difficulty adjustment: every 2,016 blocks
  • Block reward: 6.25 BTC + transaction fees

Mining hardware

Miners using the SHA-256 algorithm

What is Bitcoin (BTC) - image 1

Wallet

What is Bitcoin (BTC) - image 2

Exchanges