What is Bitcoin?

Bitcoin is a decentralized digital currency that works as a medium of exchange for goods and services. It was created in 2009 by a pseudonymous programmer named Satoshi Nakamoto (believed to be a Japanese man) as an alternative to other existing forms of currency, which are controlled by national governments and monetary authorities. Similar to cash, Bitcoin only exists digitally, but unlike cash it can be used to buy things electronically, like online goods or services. Bitcoin is made possible by a technology known as blockchain, which acts as the underlying infrastructure that makes facilitating transactions possible without the need of a third party (for example, banks).

Common questions about Bitcoin

  1. Who created Bitcoin?
  2. What is Bitcoin's symbol?
  3. How fast is Bitcoin?
  4. What is Bitcoin's block time?
  5. Can you mine Bitcoin?
  6. Does Bitcoin support smart contracts?
  7. Is Bitcoin EVM compatible?
  8. Is Bitcoin dead?

Who created Bitcoin?

Bitcoin was created/founded by Satoshi Nakamoto.

What is Bitcoin's symbol?

Bitcoin's ticker is BTC.

How fast is Bitcoin?

Bitcoin can process an estimated 5 transactions per second. Though, you should also consider block time in this equation too.

What is Bitcoin's block time?

Bitcoin's block time is approximately 600 seconds. This means that every 600 seconds, the Bitcoin blockchain produces a new block.

Can you mine Bitcoin?

Yes, you can mine Bitcoin. Bitcoin is a Proof of Work blockchain.

Does Bitcoin support smart contracts?

No, Bitcoin does not natively support smart contracts. You'll need to use a different blockchain if you want to use smart contracts.

Is Bitcoin EVM compatible?

No, Bitcoin is not EVM compatible. Which means you can't use it with wallets like Metamask. Instead, you'll have to use a wallet that natively supports it.

Is Bitcoin dead?

Blockchains don't tend to "die"... They're designed to continue running without a centralize authority or provider. If there's still a node running, Bitcoin will remain in use. Sure, there may be exploits, or luls in user activity, but generally it should keep running!

Bitcoin comparisons

Compare Bitcoin with other blockchains to see how it stacks up.

We've compared Bitcoin with 18 other blockchains. Click on a comparison to learn more!

Bitcoin's social links

Find out more about Bitcoin by visiting their official channels!