The world’s first cryptocurrency, solving the problem of peer to peer digital cash. Bitcoin has a limit of exactly 21 million coins and a tapering supply, which is designed to mimic the properties of gold. Bitcoin has proudly capitulated an average annual growth of 300% since its inception.
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network or the “Blockchain”. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Return to the List of Supported Coins on the BitNational Exchange.