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What is Bitcoin (BTC)?
Key Facts + Bitcoin (BTC) Donation Stats

About Bitcoin

Bitcoin is by far the world’s most popular cryptocurrency–it’s become a household name for crypto, similar to what Kleenex is for tissues. But did you know that it plays a growing role in the philanthropic space? As mainstream adoption drives up Bitcoin’s value, many of its investors are donating a chunk of their investments to charities and nonprofits, fueling social causes around the world.

When Bitcoin was created in 2009 by Satoshi Nakamoto, only a handful of enthusiasts understood its potential to revolutionize the way people think about and execute financial transactions.

As Nakamoto outlined in an eight-page whitepaper, Bitcoin is a peer-to-peer system for sending payments that was not reliant on a financial institution. Its primary functions depend on two technological concepts that had been in development since the late 20th Century, blockchain and decentralized currency. Neither concept had been fully realized in a practical application until Nakamoto fused them together under the system he would call “Bitcoin.”

In broad terms, the launch of Bitcoin was the big bang that created the entire cryptocurrency universe. Today, the crypto market plays host to countless decentralized currencies that utilize blockchain technology. Sitting atop the heap is Bitcoin, which remains the most valuable cryptocurrency.

Bitcoin Donation Stats

Bitcoin donations to charities and registered nonprofits are increasing rapidly as cryptocurrency becomes more popular and valuable. To date, nonprofits that accept bitcoin donations with The Giving Block’s crypto giving platform have received:

$15M

Total value of Bitcoin donated via The Giving Block

400

Nonprofits who have received portions of this total

10,000

Bitcoin Donors

>$1M

Largest single Bitcoin donation received by a The Giving Block nonprofit client

RESOURCES-What is Blockchain–why should you care | The Giving Block What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
The Giving Block - General Featured Purple Donate Other Cryptos We are able to process some donations of cryptocurrencies that aren't listed in The Giving Block's donation widget. Please read this information and/or contact us to verify. Read more
The Giving Block - General Featured Purple Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more