Bitcoin chain
Overview
Bitcoin is a decentralized digital currency that operates on a peer-to-peer network. It was the first blockchain-based cryptocurrency and uses a proof-of-work consensus mechanism. Bitcoin is primarily used as a store of value and medium of exchange.
Within the DeFi Intel graph, Bitcoin connects to 432 tracked entities, most strongly to SolvBTC, Babylon Protocol, Ordinals Protocol.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 432 total).
| Relation | Connected entity | Confidence |
|---|---|---|
bridges | SolvBTC | 95% |
used_by | Bedrock uniBTC | 95% |
used_by | Babylon Protocol | 95% |
hosts | Ordinals Protocol | 95% |
More on Bitcoin
- Bitcoin in 2026: How It Works, What It's For, and Where the Risks Are
- Best Bitcoin Alternatives 2026 — 5 Blockchains Compared
In-depth guides on Bitcoin
- Basis Trade on Bitcoin Futures 2026 Guide — DeFi Intel
- Bitcoin Halving 2024 to 2028 — The Complete Guide (April 2026) — DeFi Intel
- Bitcoin Self-Custody vs ETF: Which Is Better in 2026? — DeFi Intel
- Bitcoin Spot ETF Flows Analysis: IBIT, FBTC, GBTC, and the Supply Absorption Thesis (2026) — DeFi Intel
Frequently asked questions
Who created Bitcoin?
A person or group using the pseudonym Satoshi Nakamoto, who published the Bitcoin whitepaper in October 2008.
What problem does Bitcoin claim to solve?
Allowing online payments to be sent directly from one party to another without going through a financial institution.
How does proof of work secure Bitcoin?
The network records transaction history using proof of work, which makes rewriting that history computationally impractical for an attacker as long as honest nodes control a majority of CPU power.
Sources
Facts on this page were verified against the following sources.