Bitcoin cryptocurrency review
Bitcoin (BTC) - cryptocurrency review

Bitcoin (BTC)

Rank: #1

Our Review
8
Real-world utility
10
Market Cap
10
Investability
decrptd review 9.3 / 10
community review (0 votes) {{ reviewsOverall }} / 10
Bitcoin Review

Bitcoin is a decentralized peer-to-peer payment network. Whilst many experts argue whether it was the first cryptocurrency ever created, it is an undeniable reality that it is the most widely known digital…

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Bitcoin (BTC) – cryptocurrency review


Bitcoin is a decentralized peer-to-peer payment network. Whilst many experts argue whether it was the first cryptocurrency ever created, it is an undeniable reality that it is the most widely known digital currency and will likely be responsible for mass market awareness and adoption of cryptocurrency in general.

First described by Wei Dai in 1998, it was Satoshi Nakamoto who published the specification and proof of concept for Bitcoin in 2009. At the time of launch, Bitcoin had no real world utility. Coins were cheap to ‘mine’, and many were exchanged frivoulously, the most famous story being the guy who bought 2 pizzas for 14,000 BTC – an equivalent price of $60,200,000 as of September 2017!!

No one owns Bitcoin or the blockchain technology that supports it. This is a key fundamental of Bitcoin’s origins. In simple terms, there is a decentralized public ledger of transactions that shows which address contains which amounts of BTC and when the transaction occured. There is a finite number of Bitcoins – 21 million to be exact. Many experts believe that this finite cap will be a key driver in the continued rise of BTC value relative to FIAT currencies like the USD.

Real-world utility and therefore investability for Bitcoin is one of the strongest of all cryptocurrencies currently in existence. This is partly due to being ‘first to market’, with many brick and mortar stores and online services already accepting payment in BTC. This is likely to continue, given the rise of public awareness which is partly fuelled by media outlets reporting on the topic with high frequency.

5
Real-world utility
5
Market Cap
5
Investability
community review (2 votes) {{ reviewsOverall }} / 10
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