BTC to GBP Live Price Converter

Bitcoin (BTC), founded in 2009 by an anonymous creator with the alias "Satoshi Nakamoto," is the first decentralized cryptocurrency and payment system to achieve widespread adoption.

Although the concept of digital currencies is not new, bitcoin is unique because it is not controlled by any central authority. Instead of relying on conventional financial infrastructure, bitcoin transactions occur directly between users on the distributed ledger known as the blockchain. Blockchain allows transactions to be verified, recorded, and organized in a transparent, immutable way. When new transactions are approved and added to the ledger, the network updates every user's copy of the ledger to show the latest changes.

Because of its decentralized nature, bitcoin has no singular source of failure, which makes it almost impossible to compromise.Bitcoin’s network and code are public, so anyone with a device and an internet connection can freely engage in the network and inspect and distribute its code as they see fit.

Since its inception, bitcoin has quickly risen to prominence to become the world’s most recognized digital currency. It also sparked the creation of other similar digital assets. Competing cryptocurrencies either aim to replace bitcoin as a payment system or build on its capabilities and act as utility or security tokens.

Bitsgap’s bitcoin converter will help you keep track of bitcoin’s price relative to other coins and adjust your trading to reflect the latest market changes.