Bitcoin Customer Service Number

Bitcoin Support Phone Number | 1-888-594-0371

Bitcoin is a term known to all. Even the ones who are not involved with cryptocurrency have heard of it. That is how huge and popular Bitcoin is!

This article will look at some details of Bitcoin, its history, its prevalence in the crypto market, and some of its key features. Read on to know more!

What Is Bitcoin?

Bitcoin, in the simplest words, is an open-source, decentralized digital money platform. It incorporates peer-to-peer technology. There is absolutely no central authority, neither is there any bank involvement.

Their network carries out the issuing of the Bitcoin and managing all the transactions. The best part is that it is completely public. No one owns it, and the design can involve almost anyone.

Bitcoin provides users with amazing features which were previously not possible with traditional payment systems.

History Of Bitcoin

Bitcoin was established in the year 2008 by some unknown people. These people or groups called themselves by their pseudonym, Satoshi Nakamoto.

The Bitcoin.org domain name was registered in August 2008. That same year, in October, a paper written by Satoshi Nakamoto was updated on a cryptography mailing list.

The Bitcoin network released the first open-source Bitcoin client in January 2009. 50 BTC were generated. Next, the first version, Bitcoin v0.1, was issued. Over the coming months, the founders published the first Bitcoin course towards the exchange dollar. Finally, Bitcoin v0.2 appeared in December 2009.

It is the first cryptocurrency to come into existence.

Prevalence Of Bitcoin In The Crypto Market

Bitcoin is one of the most famous cryptocurrency exchanges there is. In the year 2020, the Bitcoin searches on Google were way higher than Ethereum searches. Bitcoin attracts a lot of attention, specifically from non-western countries.

At present, the Bitcoin 24H trading volume is 33.95 billion USD. The total number of Bitcoin transactions per day stands at 255,513. It is among the most expensive cryptocurrencies in the market.

Features Of Bitcoin

The following are some of the top features of the cryptocurrency, Bitcoin.

  • Limited Supply and Scarcity: Central banks issue as many fiat currencies as they like. This is the reason behind the manipulation of currency to be inflationary over a certain period.

On the other hand, cryptocurrencies such as Bitcoin have limited and pre-determined supply. This is coded into their underlying algorithm whenever they are created.

  • Decentralized/ No Central Authority: Bitcoin is not validated by a central authority. Instead, it is decentralized. It works on blockchain technology. It is spread across a huge network of computers all around the world. These computers are referred to as nodes.
  • Anonymous/Pseudo Anonymous: As soon as the transaction request gets submitted, this network will check it and verify it as well.

What this means is an anonymous digital identity authenticate transactions securely.

Public and Private Keys: The Bitcoin wallet has a private and a public key to initiate transactions and ensure security.

Wrap Up

Bitcoin is one of the top choices when it comes to digital money. We suggest you try it to know the nitty-gritty.

Bitcoin Customer Support Service Number

1-888-594-0371

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