Bitcoin 101: What is Bitcoin?
Bitcoin is the worlds first decentralized cryptocurrency created in 2008 by the still unknown Satoshi Nakamoto.
Bitcoin is built on top of blockchain technology which is run by a large community of bitcoin miners who run and secure the network.
The decentralized nature of Bitcoin means that no single corporation, government or individual to control or influence the network or disrupt any secure transactions happening 24 hours a day, 365 days a year.
Bitcoin’s has a fixed total amount of 21 million tokens. This maximum number was set in 2008 in the original Bitcoin Core source code and cannot be changed.
You can send and receive bitcoin from any supported bitcoin wallet anywhere in the world in just a few minutes.
Buy Bitcoin (BTC) instantly by setting up a coinpass account and Bitcoin wallet.
Coinpass support the GBP/BTC pair by providing liquidity and less friction for Bitcoin to GBP trading.
Learn more about Bitcoin (BTC) at our coinpass academy