In 2009, a developer or group of developers going by the name Satoshi Nakamoto initially revealed Bitcoin to the public. Nakamoto was responsible for both the creation of the Bitcoin whitepaper and the mining of the initial Bitcoin blockchain. With Bitcoin, payments can be sent directly from one person to another without going through a banking institution. Bitcoin is a peer-to-peer electronic cash system. Using the SHA-256 hashing method, Bitcoin (BTC) encrypts the data stored in blocks on the blockchain. Simply said, transaction data is saved in a block and encrypted into a 256-bit hexadecimal integer. The transaction information and metadata for the blocks that came before that one are all stored in that number. The Bitcoin blockchain uses this technology.

The first and most valuable cryptocurrency is Bitcoin, which was created to function as money and a means of payment without being controlled by any one person, organisation, or other entity. This eliminates the need for third parties like banks to be involved in financial transactions. It is available for purchase on several sites and is offered to blockchain miners in return for their efforts in transaction verification. With time, Bitcoin evolved from a simple experiment or idea to the trendiest topic in the financial world right now.

The current live price of bitcoin is 1,880,947 Indian rupees, and its 24-hour trading volume is 1,831,898,099,263 INR. In the previous day, Bitcoin increased by 0.31%. With a live market cap of 36,261,760,202,807 INR, the current CoinMarketCap position is #1. 19,278,456 BTC coins are now in circulation, with a maximum supply of 21,000,000 BTC coins.