![]() ![]() One of the reasons why BTC is among the top 10 cryptocurrencies is that the oldest one, it has the biggest community of developers and investors backing it for further growth.Its aim is to create an alternative for fiat currencies, like USD, GBP, JPY, etc. So, two words to describe Bitcoin would be - decentralized and digital. If you want to pay 1 BTC to your friend, you can do it directly without having to involve your bank at all. Bitcoin eliminates the need for centralized intermediaries like banks and credit card companies etc. All we know is that he/she/they go by the pseudonym of Satoshi Nakamoto.īitcoin is a digital currency based on a distributed ledger technology named blockchain, which you can read more about here. The interesting thing about Bitcoin is that no one knows who created it. Created in 2008, Bitcoin was the first ever cryptocurrency.
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