Blockchain 101 Ep 02 – What is Bitcoin

Blockchain 101 Ep 02 – What is Bitcoin

The concept of Bitcoin (BTC) was created by Satoshi Nakamoto as a peer-to-peer, decentralized digital currency.

In 2009, Nakamoto mined the first block and received 50 Bitcoins as a block reward. The block reward is halved every four years and all Bitcoins are estimated to be mined by 2140, with a total supply of 21 million in circulation.

As time passed, Bitcoin gradually attained market recognition. Germany became the first country in the world to accept Bitcoin payments; Microsoft, Dell and other renowned companies followed suit; You can even buy an Alienware computer using Bitcoins! Also, investors can invest in Bitcoins on reputable exchange platforms such as Huobi.

Hope you understand more about Bitcoin now!

Still unsure? Follow Huobi’s “100 Things You Should Know About Blockchain” and become an expert in no time!

Huobi Pro will post a question in our Tweet via our Twitter account each time we put up an episode of Blockchain 101 post on our Twitter account, first 20 people who answered in the format [UIDxxxxxxxx, correct answer] and retweet our post will be entitled to 1 HT each.

Note that the UID entered MUST be a valid Huobi registered account. Eligible winners from each episode will be awarded with HT which will be deposited into your Huobi Pro account on the following Tuesday.

What are you waiting for? Fastest fingers first! Grab your HT now!

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