Price is not defined, due to no trading volume and missing quote (Source: Coingecko)
Fast and easy to use. Bitcoin transactions are very fast (usually within milliseconds) and generally incur extremely low fees. Users can buy and sell Bitcoin from their smartphone, tablet, and computer. It can be used to pay for things directly from Bitcoin and hardware wallets in establishments and businesses that accept it as a form of payment. Bitcoin is used around the world to pay for everyday things such as coffee, food, electronics, travel, and more.
Independent from a central authority. Bitcoin is an open-source network with no central authority controlling it. This means that users don’t need to trust a third-party payment network like PayPal, Visa, or Mastercard to send and receive money. Bitcoin requires no permission from anyone, nor is it limited by borders or governments. The Bitcoin network is distributed globally among thousands of computers giving users the freedom to use their Bitcoins with absolute confidence.
Anonymous and transparent. Bitcoin is an anonymous, peer-to-peer digital currency network. When making Bitcoin transactions, users don’t need to provide sensitive personal data such as email, name, social security number, or any other identifying information. All Bitcoin transactions are public, transparent, and permanently stored on the Bitcoin network. Bitcoin addresses are the only information used to define where Bitcoins are assigned and sent.
Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process. Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way.
It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks. Bitcoin is designed to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes.
Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on. The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.