Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group using the pseudonym “Satoshi Nakamoto”. It operates on a peer-to-peer network, allowing users to send and receive transactions without the need for a central authority like a bank.
One of the key features of Bitcoin is its limited supply. The total number of Bitcoins that can be created is capped at 21 million, with about 18.8 million Bitcoins currently in circulation as of March 2023. This helps to ensure that the value of Bitcoin remains stable and not subject to inflation.
Another important feature of Bitcoin is its security. Transactions on the Bitcoin network are verified by a decentralized network of users called “miners” who use powerful computers to solve complex mathematical equations. This process, known as “mining,” helps to ensure that transactions are valid and cannot be altered or reversed.
Bitcoin has gained significant attention and adoption over the years, with many merchants and businesses accepting it as a form of payment. It has also become a popular investment asset, with many individuals and institutions holding Bitcoin as a store of value or speculative investment.
However, it is important to note that investing in Bitcoin can be highly speculative and volatile, with the value of Bitcoin fluctuating rapidly and unpredictably. Additionally, the cryptocurrency market is largely unregulated, which means that investors may not have the same protections as they would with other types of investments. Therefore, it is important to thoroughly research and understand the risks involved before investing in Bitcoin or any other cryptocurrency.
About Bitcoin (BTC)?
Circulating Supply – 19,307,962 BTC
Total Supply – 19,307,962 BTC
Launching Price- $68,789.63
ATH – $0.0041