Introduced in 2009 by the person or group under the pseudonym Satoshi Nakamoto, Bitcoin is the first decentralized peer-to-peer digital currency, created and stored electronically. The idea behind bitcoin is to produce an instantaneous, electronically transferable method of payment with very low transaction fees, which is independent of any central authority. Bitcoin transactions are recorded in a public distributed ledger called blockchain, which stores all of the transactions that have taken place, and is accessible to everyone. The blockchain is also stored on every computer that is part of the bitcoin network, making attempts to falsify or alter transactions close to impossible.

The second part of the bitcoin system are the so-called miners. They spend computing power to process transactions, secure the network and keep everyone in the system synchronised together. Miners group transactions into blocks, which are then verified, secured and linked to the blockchain using cryptography. With each processed block new bitcoins are created as a reward for the miners. The rate at which bitcoins are created is fixed and will gradually decrease until there are 21 million bitcoins in existence.

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BTC/USD - Bitcoin USD - KID

Country: United States
Currency: USD

Trading hours:
Market is closed00:00 - 23:5900:00 - 23:5900:00 - 23:5900:00 - 23:5900:00 - 22:59Market is closed

Interest (annually):
Long positionShort position
–25.25% 5.25%

Interest Accrual

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