Bitcoin is probably the most well known of all cryptocurrencies. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and was released as open-source software in 2009. They can be exchanged for other currencies, products, and services. The bitcoin blockchain is a public ledger that records bitcoin transactions. It is implemented as a chain of blocks, each block containing a hash of the previous block up to the genesis block of the chain. A network of communicating nodes running bitcoin software maintains the blockchain. Transactions of the form payer X sends Y bitcoins to payee Z are broadcast to this network using readily available software applications.
Bitcoin is widely accepted and used to purchase and trade compared to other cryptocurrencies. Almost every cryptocurrency exchange in the world has listed Bitcoin. Due to its popularity and the attention it gets from media, Bitcoin has an large ever-increasing user base. Bitcoin tops the Market Capitalization Chart with $208 Billion with market dominace of more than 60%, followed by the second highest Ethrereum at a mere $29 Billion.
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