Bitcoin BTC | $ 62,877.00 1.00000000 BTC Marketcap $ 1,240,150,819,141 Volume (24h) $ 25,782,074,029 Circulating Supply 19,696,146 BTC Total Supply 21,000,000 BTC |
What is Bitcoin?
Bitcoin is the first decentralized cryptocoin ever built on top of a blockchain. It was created by an anonymous person or group of people with the nickname Satoshi Nakamoto in 2009 as an open source project.
To understand the Bitcoin blockchain we can imagine a book, where each page number contains a signature that can validate the content of that page and its previous one. This signature is computed by an algorithm known as SHA-256 and cannot be reversed. In other words we can calculate the A-256 signature from some content, but we can’t get content if we know its SHA-256 signature. Back to the example with the book: if we tear out a page from the book, we can easily understand that a page is missing. The same is with adding an inexistent page. All the pages are copied between members of the chain, and this is why the Bitcoin Blockchain is considered a distributed network.
Bitcoin is an open source project maintained by a developer team with over 580 active contributors. The code of the chain is available on Github. The main purpose of Bitcoin was decentralized but trusted, low fee money transactions between people and businesses around the world. Nowadays over 100.000 vendors accept Bitcoin for payments. And there are between 2.9 and 5.8 million unique users who actively use Bitcoin cryptocurrency wallets. The price of Bitcoin can be very volatile due to speculation and has changed in the past more than +/-20% during a single.
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- Taiwan Sets Sights On Crypto Firms With Tough New Jail Time LawsBitcoinist.com - 6 hours agoTaiwan’s Ministry of Justice has proposed amendments to enhance anti-money laundering (AML) measures within the crypto industry. If enacted, the new proposals will mark a…
- SEC Delivers Deadly Blow To Ripple’s Latest Stablecoin ProjectBitcoinist.com - 7 hours agoRipple has run into problems once again with the United States Securities and Exchange Commission (SEC) following the announcement of its highly anticipated stablecoin. The…
- How the latest TradFi blockchain trial could mark the ‘five-yard-line’ for mass adoptionBlockworks: News and insights about digital assets. - 4 hours agoExperiment involving Visa, Mastercard, JPMorgan and Citibank set to highlight tokenization benefits via shared ledger tech
- Biden backs Gensler as House advances resolution to power-check SECBlockworks: News and insights about digital assets. - 6 hours agoGensler, who has in the past denied that he is working against the clock, could be looking at a serious uphill battle after November should…
- Is anyone having fun on Pump.fun?Blockworks: News and insights about digital assets. - 6 hours agoMemecoin developers are laughing all the way to the bank
- What’s next for FTX after the creditor payback proposal?Blockworks: News and insights about digital assets. - 7 hours agoWhile the current plan reflects progress, it represents a draft with “many blanks,” lawyer says
- Espresso partners with Polygon Labs to solve rollup interoperabilityBlockworks: News and insights about digital assets. - 9 hours agoEspresso sequencing marketplace will enable efficient coordination and fast transaction finalization across multiple Ethereum layer-2s
- Netflix Partners with Roblox to Launch ‘Nextworld’ Digital Theme ParkCryptopolitan - 4 hours agoNetflix and Roblox, the immensely popular online gaming platform, have teamed up to bring the “Nextworld,” a digital experience that looks like a theme park…
- Avalanche Price Prediction 2024-2030: Time to Buy AVAX?Cryptopolitan - 4 hours agoKey Takeaways Avalanche Core has lately been a buzz around the Avalanche community. Core is AVAX’s native wallet. Updates in the last month include live…
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- BONK price prediction: A 30% bounce after a 15% drop?AMBCrypto - 3 hours agoWith little demand and enthusiasm in the markets, BONK could continue its short-term range.
- Notcoin, its anticipated airdrop impact on Toncoin: 27% rise in 7 daysAMBCrypto - 5 hours agoNotcoin might soon airdrop NOT tokens and allocate them among 35 million players.
- Arbitrum crosses ATH in this area, but why is ARB’s price not responding?AMBCrypto - 6 hours agoArbitrum saw a spike in its active addresses recently, but ARB had other ideas.
- BlockDAG leads the crypto revolution with 30,000x ROI potentialAMBCrypto - 7 hours agoAs the cryptocurrency landscape evolves, discerning investors and enthusiasts are constantly searching for the next […]
- Will ongoing memecoin mania lead to a new ‘asset class’?AMBCrypto - 7 hours agoHere’s the reason behind memecoins’ $50.8 billion market cap and 1300% returns.
- Mastercard, Visa, Citi, JPMorgan and Other Giants Start Experiments for Cryptocurrency Technology – Here are the DetailsBitcoin Sistemi - 2 hours agoLeaders of the banking industry in the USA came together to discuss the technology underlying cryptocurrencies. Continue Reading: Mastercard, Visa, Citi, JPMorgan and Other Giants…
- Renowned Analyst Assesses the Price Future of Bitcoin, Ethereum and Two AltcoinsBitcoin Sistemi - 2 hours agoCryptocurrency analyst Michaël van de Poppe evaluated Bitcoin, Ethereum and two altcoins in depth in his statement. Continue Reading: Renowned Analyst Assesses the Price Future…
- Rare Statements from Major Bearish Analyst il Capo: Shares Altcoin He Favors BullishBitcoin Sistemi - 3 hours agoCryptocurrency analyst il Capo announced in his statement an altcoin that he is interestingly bullish on. Continue Reading: Rare Statements from Major Bearish Analyst il…
- Attention XRP Community: Ripple Announces a New PartnershipBitcoin Sistemi - 3 hours agoRipple, the company behind XRP, announced a major partnership with several other cryptocurrency companies. Continue Reading: Attention XRP Community: Ripple Announces a New Partnership
- Giant Whale May Have Sold a Large Amount of the Most Talked About Altcoin of Recent WeeksBitcoin Sistemi - 4 hours agoAccording to Onchain data, a large cryptocurrency whale may have sent a large amount of altcoins to Bybit to sell. Continue Reading: Giant Whale May…