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What is Bitcoin?
Bitcoin is a cryptocurrency and a payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009. There have been various claims and speculation concerning the identity of Nakamoto, none of which are confirmed. The system is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain, which uses bitcoin as its unit of account. Since the system works without a central repository or single administrator, the U.S. Treasury categorizes bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed and it is more correctly described as the first decentralized digital currency. Bitcoin is the largest of its kind in terms of total market value. Bitcoins are created as a reward in a competition in which users offer their computing power to verify and record bitcoin transactions into the blockchain. This activity is referred to as mining and successful miners are rewarded with transaction fees and newly created bitcoins. Besides being obtained by mining, bitcoins can be exchanged for other currencies, products, and services. When sending bitcoins, users can pay an optional transaction fee to the miners. This may expedite the transaction being confirmed. In February 2015, the number of merchants accepting bitcoin for products and services passed 100,000. Instead of 2-3% typically imposed by credit card processors, merchants accepting bitcoins often pay fees in the range from 0% to less than 2%. Despite the fourfold increase in the number of merchants accepting bitcoin in 2014, the cryptocurrency did not have much momentum in retail transactions. The European Banking Authority and other sources have warned that bitcoin users are not protected by refund rights or chargebacks. The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies, law enforcement, and media. Criminal activities are primarily focused on darknet markets and theft, though officials in countries such as the United States also recognize that bitcoin can provide legitimate financial services.

Recent Payouts

Date Address Reward
2019-10-14 20:27:15 0x6c7fcfa35a4c4907ada15007ef685ce4172225ce 400
2019-10-12 19:15:21 0xffC71d34C32D155742FA10B7F9145a1a63eF5CA2 700
2019-10-06 19:14:50 0x9e898daf3272cc2228af7d249d44f71ea689658e 900
2019-10-06 18:54:01 0x9e898daf3272cc2228af7d249d44f71ea689658e 200
2019-10-06 04:25:13 0x6b8E2c31193BA16724E2FEf6339e9644D4d1B93B 200
2019-10-05 23:50:32 0xffC71d34C32D155742FA10B7F9145a1a63eF5CA2 5200
2019-10-05 23:47:07 0x131848FAcCB7052D30836fD9f92dFc36f8df16F8 5900
2019-10-05 23:08:46 0x276aabf6b3e3780e8ee36fd81e118d146cc9ead5 7400
2019-10-05 22:55:09 0xe99b0f7fe9d899f9bf9f3f8e1666e02756027854 6900
2019-10-05 18:40:00 0xd8afdc3be3bc5847942461a875b2e3d5958c873b 1900