Bitcoin (BTC) - Information, Price, News and More
|Market Cap||Volume||Available Supply|
|$403.95 B||$26.77 B||19.07 M BTC|
Bitcoin current price is $21,150.00 with a marketcap of $403.95 B. Its price is 2.46% up in last 24 hours.
If you would like to buy Bitcoin, some of the suggested exchanges for trading Bitcoin are: Binance (not for USA), KuCoin, Huobi Global and Poloniex among others.
Latest Bitcoin News, Post and Articles:
What is Bitcoin (BTC)?
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was two months later, in January 2009, when Nakamoto mined the first block on the Bitcoin network, known as the genesis block, and by doing so launched the world’s first cryptocurrency.
Bitcoin is a peer-to-peer online currency and all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. According to Nakamoto’s own words, Bitcoin was created to allow “online payments to be sent directly from one party to another without going through a financial institution.”
While some concepts for a similar type of a decentralized electronic currency predate Bitcoin, BTC is the first-ever cryptocurrency to come into actual use.
What Does The Future Hold for Bitcoin?
Bitcoin has long become a household name, synonymous with cryptocurrency itself, and is a definite leader in adoption as far as crypto payments are concerned. These facts alone assure it a bright future as a store of value, but will not be frequently used as an actual currency for small-time transactions, at least not in its current form.
Who Is the Founder of Bitcoin?
Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. There have been many rumors going around and more than a few people trying to claim the title, but none have managed to prove it so far, leading to believe they are not who they claim.
While Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features.
Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.
What Makes Bitcoin Unique?
Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to the market. It has managed to create a global crypto community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use cryptocurrencies in their daily lives. Its emergence has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects.
The entire cryptocurrency market is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.
Bitcoin is the grandfather of all cryptocurrencies and has as such earned its place in history, not just that of crypto.
What Does Bitcoin Do?
Being used as a store of value, not much else is expected of it. Unlike Ethereum (ETH) native token, Ether, which can be used to pay for the processing power required to carry out smart contracts, BTC is used solely to pay for the processing power required to conduct its transactions and securing the network.
Who Are the Natural Buyers of Bitcoin?
(other than those investing purely for speculative reasons and trading profit)
- 1: ...
- 2: ...
Bitcoin Supply and Circulation?
Bitcoin’s total supply is limited by its code and will never exceed 21,000,000 coins. New coins are created during the process known as “mining”, which rewards the “miners” for validating the transactions and securing the network.
At the moment of Bitcoin’s launch, the reward was 50 bitcoins per block: this number gets halved with every 210,000 new blocks mined — which takes the network roughly four years, which means that in order for the mining to remain equally profitable, the price of BTC needs to double every 4 years (not accounting for ever-growing difficulty increase and diminishing electricity costs as the price rises, which entirely muddies the waters). By 2020, the block reward has been halved three times and in 2021 amounts to 6.25 Bitcoins (8 times less than at launch in 2009). Next halving is expected around May 7 2024.
Unlike many modern coins, Bitcoin has not been premined, meaning that no coins have been mined and/or distributed between the founders before it became available to the public.
However, during the first few years of BTC’s existence, the competition between miners (known as mining difficulty) was extremely low compared to today, allowing the earliest participants to accumulate significant amounts of coins via GPU mining. Satoshi Nakamoto alone is believed to own over a million Bitcoin.
Where Can You Buy Bitcoin (BTC)?
Seeing as Bitcoin is the largest cryptocurrency and in many regards, almost synonymous with cryptocurrency itself, you will be able to find BTC trading pairs on virtually every crypto exchange. Some of the main markets where BTC trading is available are:
- Huobi Global
- Coinbase Pro
Please wait, we are loading chart data