Created by:
Satoshi Nakamoto.
⮡ Note: Satoshi Nakamoto is a fake name that authored the original Bitcoin whitepaper and held a presence in online forums until December 13, 2010.
Country of origin:
Unknown
Main purpose:
Peer-to-Peer censorship-resistant currency.
Type of Organization:
Open Source project where core developers are sponsored by big companies. [link]
How much do developers own?:
Satoshi may own up to 1 million BTC (5% of total supply), according to studies. Current developers are privately funded through corporate sponsorhip. [link]
Is it a derivative token of another network?:
No.
Programmable with Smart Contracts:
No. [link] ⮡ Note: Bitcoin allows scripting transactions with certain logical conditions, but they are very limited in scope. Read our post on Smart Contracts.
Privacy features:
None. All transactions and wallets are public and searchable on block explorers.
Public Address format:
26-35 alphanumeric characters starting in 1, 3 or bc1 depending on the type of address. [link] ⮡ Note: P2PKH and P2SH addresses are case-sensitive and start with a 1 or a 3. Bech32 is a newer address type that is not case-sensitive and starts with bc1. Example: bc1qect6kk3naa94a09d8gwfydwzjc0c9wccxjv8vx
Seed format:
128-bit Seed Phrase composed of 12 words.
Distribution of coin supply:
Mining:
100%
Staking (Proof of Stake):
0 %
Pre-release sale (ICO):
0 %
Free Distribution Event (Airdrop):
0 %
End date for full distribution: Mining will finish sometime during the year 2140