What is Bitcoin?

BTC(Bitcoin) was the first decentralized digital currency based on the blockchain technology. It was created in 2008 by an anonymous programmer known as Satoshi Nakamoto, who released the white paper in a cryptography mailing list and later open sourced the software that implements the protocol.

 

How does the BTC wallet work?

BTC uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of BTC is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

While BTC runs on smartphones as mobile wallets, PCs as desktop wallets and hardware wallets. Transactions are relayed and verified between network nodes and recorded in a public distributed ledger called blockchain. 

imTokenWallet is Asia’s #1 BTC and crypto wallet app for Android and iOS phones. imToken is a multi coin crypto wallet which lets you store many kinds of coins.