Bitcoin (BTC)

  • bitcoin
    Bitcoin (BTC)
  • Live Price
  • 24h %
  • Market Cap
    $671.93 B
  • Volume
    $21.28 B
  • Available Supply
    18.94 M BTC
  • Rank

Bitcoin Price Chart

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Bitcoin has a marketcap of $671.93 B. Its price is 0.41% up in last 24 hours.

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 or banks.

Bitcoin is design 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 Ethereum, Litecoin, Polkadot, 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, Cardano and even crypto-collectibles such as CryptoKitties.

Bitcoin Twitter News Feed

The Russian Central Bank has suggested a ban on cryptocurrency mining and usage in the country.

It cited the speculative nature and energy usage of cryptocurrencies as primary concerns.

Another exchange has been hacked.

Almost 400 accounts were affected in this latest breach which saw BTC and other cryptocurrencies stolen from users.

The @BTCMiningCoun has released their Q4 2021 bitcoin mining data review.

"Bitcoin mining consumes just 0.14% of the world’s energy production. It has a higher sustainable energy mix than Germany, the EU, the United States, and Canada."

Proof of work mining is facing unprecedented pressure from governments and regulators due to its perceived wasteful energy use.

However, it appears that most politicians and regulators do not understand this nascent industry.

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