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BitcoinBTC

Blockchains (L1)

Overview

What is Bitcoin?
Bitcoin is a distributed ledger for transfer and store of value (a blockchain). Bitcoin was founded by a pseudonym Satoshi Nakamoto and launched in 2009.
How does Bitcoin work?
Miners process transactions and receive fees from users (supply-side fees).
Who governs Bitcoin?
BTC holders own and govern the protocol. They currently do not take a cut of the total transaction fees paid by users (revenue).
RevenueBitcoin's share of the transaction fees$0Connects Miners & UsersSupply-side feesMiners' share of the transaction fees$100MinersFeesTransaction fees paid by users$100Users
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.