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BITCOIN

Bitcoin was the first cryptocurrency and remains the most popular digital asset, as well as the largest by total value. The idea for Bitcoin was first announced on the Cryptography Mailing List by anonymous developer Satoshi Nakamoto, who published the white paper in October 2008. The Bitcoin Protocol was launched in January 2009. Nakamoto’s identity is still not publicly known.

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Crypto is better than bills

What is BITCOIN?

As the first form of digital cash, Bitcoin uses a blockchain – a community-maintained database – to record transactions from one user to another, without relying on any centralised intermediaries such as banks or payment processors. The properties of the blockchain, which Nakamoto articulated in the white paper, mean that transactions are direct (peer-to-peer), irreversible, and have a relatively high degree of privacy. All subsequent cryptocurrencies and blockchain platforms build on Bitcoin’s technologies. Since the first Bitcoin exchanges were launched in 2010, Bitcoin has increased in value from a few cents to $20,000 at the end of 2020.

0.000017 BITCOIN = 1 AUD

BTC BITCOINAUD Australian Dollar
0.01 BTC576.9724 AUD
0.1 BTC5769.7236 AUD
1 BTC57697.2363 AUD
2 BTC115394.4726 AUD
3 BTC173091.7089 AUD
5 BTC288486.1815 AUD
10 BTC576972.3630 AUD
20 BTC1153944.7260 AUD
50 BTC2884861.8150 AUD
100 BTC5769723.6299 AUD
1000 BTC57697236.2991 AUD