Bitcoin: The First Blockchain
Origin
In 2008, Satoshi Nakamoto published the Bitcoin whitepaper. On January 3, 2009 the Genesis Block was mined.
Key Facts
| Property | Value |
|---|---|
| Max Supply | 21 million BTC |
| Block Time | ~10 minutes |
| Consensus | Proof of Work |
Nepal Context
Nepal receives over billion in remittances per year. Bitcoin Lightning Network can reduce cross-border transfer fees from 5-8% to near zero.