Bitcoin is the first cryptocurrency created and for that reason is thought to be the best cryptocurrency to invest in from some enthusiasts. Invented by the anonymous Satoshi Nakamoto in January of 2009, it set a precedence for decentralized currency. The decentralized network bitcoin uses is dependent upon a shared network of servers. Instead of the network operating on one central computer, the platform is run by the shared community of global servers who contribute processing power to the network. This process is called mining, and in exchange for contributing to the network, miners receive Bitcoin. BTC was intended to be used as a global payment system, storing all transactions on an online ledger called the blockchain, owned by no single entity, but instead by all the users if the network. More blockchain info can be found under CryptoScores ‘Crypto Academy’ tab. As cryptocurrencies have thrived, Bitcoin has remained the most recognizable and highly valued name in the sphere. BTC is resistant to inflation, which is why it has seen adoption in countries such as Zimbabwe and Venezuela where the government currency has reached such low levels of value that it is less risky to hold the crypto investment. BTC is supported on Blockchain Wallet which adds value to its industry support.
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