18 Facts About Bitcoin

Bitcoin is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network.

Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Bitcoin has been described as an economic bubble by at least eight Nobel Memorial Prize in Economic Sciences recipients.

Bitcoin blockchain is a public ledger that records bitcoin transactions.

Bitcoin miners join large mining pools to minimize the variance of their income.

Bitcoin is pseudonymous, meaning that funds are not tied to real-world entities but rather bitcoin addresses.

Bitcoin uses public-key cryptography, in which two cryptographic keys, one public and one private, are generated.

Bitcoin Core is, perhaps, the best known implementation or client.

Bitcoin Foundation was founded in September 2012 to promote bitcoin's development and uptake.

Bitcoin prices were negatively affected by several hacks or thefts from cryptocurrency exchanges, including thefts from Coincheck in January 2018, Bithumb in June, and Bancor in July.

Bitcoin's price was affected even though other cryptocurrencies were stolen at Coinrail and Bancor as investors worried about the security of cryptocurrency exchanges.

Bitcoin is a digital asset designed to work in peer-to-peer transactions as a currency.

Bitcoin is "not actually usable" for retail transactions because of high costs and the inability to process chargebacks, according to Nicholas Weaver, a researcher quoted by Bloomberg.

Bitcoin is the only major cryptocurrency that is still made by doing a lot of computing known as proof of work: most others are made by different methods, which need negligible electricity.

Bitcoin Core includes a transaction verification engine and connects to the bitcoin network as a full node.

Bitcoin Core includes a scripting language inspired by Forth that can define transactions and specify parameters.

Bitcoin was obscure back then, and I figured had just enough name recognition to be a useful term for an interstellar currency: it'd clue people in that it was a networked digital currency.

The 2016 documentary Banking on Bitcoin is an introduction to the beginnings of bitcoin and the ideas behind cryptocurrency today.