Bitcoin BTC | $ 66,816.00 1.00000000 BTC Marketcap $ 1,316,935,041,346 Volume (24h) $ 18,921,041,927 Circulating Supply 19,700,946 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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- 5 Must Buy Meme Coins For Huge Gains TodayCoinGape - 2 hours agoThe meme coins market cap has surged to $43,491,633,623 as the demand for meme-based cryptocurrencies has risen over the last few months. This has increased…
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- Ethereum Spot ETFs On The Horizon? US SEC Set To Announce Decision This WeekBitcoinist.com - 4 hours agoThe much-anticipated Ethereum Spot Exchange-Traded Funds (ETFs) are set to reach a pivotal junction this week as Nate Geraci, President of the ETF Store, has…
- Weekly Crypto Preview: The Hottest Coins For The Upcoming DaysBitcoinist.com - 5 hours agoThis week in the crypto market is marked by critical events and strategic developments that promise to influence trends and investor sentiment significantly. Here is…
- Pump Fun Implodes: Ex-Employee Turned Hacker Exposes Alleged Shady PracticesBitcoinist.com - 7 hours agoJarett Dunn, the alleged hacker behind the Pump Fun exploit, secured bail after his arrest in London. Dunn, known online as StaccOverflow, is accused of…
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- Crypto Hiring: Eclipse Labs names new leader in week of CEO updatesBlockworks: News and insights about digital assets. - 1 day agoBitcoin miner Bitfarms cuts ties with its chief executive; Vanguard’s incoming leader could spur the firm to re-evaluate its crypto stance, some say
- Pump dot Fun exploiter identified and arrested in LondonBlockworks: News and insights about digital assets. - 1 day agoA private security firm tracked down @STACCoverflow, who was taken into custody early Saturday
- Web3 Watch: Naked in the metaverseBlockworks: News and insights about digital assets. - 1 day agoPlus, Pump.fun suffers an exploit and Bitcoin Runes creation slows down
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- Crypto Millionaires are bullish on $SNUKE Meme Coin as it’s presale surgesAMBCrypto - 2 hours agoAs the bull run of 2024 unfolds, wealthy crypto investors are turning their attention to […]
- Option2Trade launches on Bitmart, scheduled for more exchanges to create more liquidityAMBCrypto - 2 hours agoIn a significant development for cryptocurrency traders and investors, Option2Trade (O2T) has officially launched on […]
- Solana price prediction: Is SOL’s next bullish target beyond $200?AMBCrypto - 2 hours agoSolana’s Open Interest has climbed by more than $400 million in the past week, accompanied by a breakout.
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- Ethereum whale accumulates 15K ETH: Will this finally help prices?AMBCrypto - 3 hours agoWhales gather substantial amounts of ETH as prices surge.
- Critical Week Has Begun for Ethereum: What Will the SEC's ETH ETF Decision Be? Updated Evaluation from ETF Analyst!Bitcoin Sistemi - 2 hours agoETF Store President Nate Geraci said the SEC may first approve 19b-4s for Ethereum ETFs and slow down S-1 approvals. Continue Reading: Critical Week Has…
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- Which Altcoins Will Binance List? Here is the New Strategy!Bitcoin Sistemi - 3 hours agoBitcoin exchange Binance stated that it is considering listing cryptocurrencies that do not have a high market value but attract the attention of the masses.…
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