Bitcoin price today is $46,665.77 which is live with a trading volume of $24,499,738,145 for the last 24 hours.
The price of Bitcoin is the most unpredictable thing of the century. As the curve for the last 24 hours is observed, Bitcoin has followed a 1.73% surge in its value. According to the CoinMarketCap ranking system, Bitcoin has successfully grabbed #1.
Bitcoin Price Stats Today
Bitcoin has a live market cap worth $882,196,768,657 whereas the circulating supply of Bitcoin is 18,904,581 BTC coins with a maximum supply of coins standing at 21,000,000 BTC coins.
The top Bitcoin exchanges now are Binance, OKEx, CoinFLEX, Mandala Exchange, and CoinTiger. Or you may find one on CoinMarketCap crypto exchange pages.
With the highly anticipated incline curve of Bitcoins, you might have developed a quench of learning more about bitcoins.
Here we are going to discuss everything about Bitcoin.
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What Is Bitcoin or BTC?
By January 2009 Bitcoin made its first public appearance. Although it was all set a year before by a group of high-capacity brains.
Bitcoin works with the motive of a decentralized cryptocurrency. It is a peer-to-peer-based digital trading platform that’s equipped with phenomenal independence and self-reliance.
From exchanges to trading, everything on Bitcoin happens between peers or equal networkers who never require the indulgence of any facilitating body.
Going through some complicated terminologies and concepts, you might be curious to know the idea behind Bitcoin. Here are the creator’s own words behind the soul of Bitcoin:
“Bitcoin is the first currency to have ever existed, which eliminates the involvement of other financial assistance. Online payments are to be sent directly from one party to another without going through a financial institution.”
Who founded Bitcoin? | The Story Behind the Creation of Bitcoins
You might be astonished to learn the most mysterious fact behind the foundation of bitcoins. That is, the actual founder of the pioneering cryptocurrency is unknown to mankind, he exists with a false identity of “Satoshi Nakamoto”.
However, by 2008 the cryptocurrencies were all about the written proposition of the idea. Bitcoin was then created on Nakamoto’s white paper that got published. The paper coined the terminologies and algorithms for the creation of bitcoins. It contains everything from a decentralized networking model to blocking the creation of crypto bitcoins.
This gave rise to the concept of blockchain networking. Thus, with all the written guidelines, Bitcoin was mined by Nakamoto for the first time as a “genesis block”.
Bitcoin was inaugurated with a negligible price, that is just $0. The mining of Bitcoin took place on a conventional computer with the aid of mining software.
Nakamoto handed over the colossal Bitcoin network key to Gavin Andresen who then lead the lead developer of the foundation of Bitcoin.
Not only this the ultimate Bitcoin you’re viewing today is the combined effort of numerous other developers, too.
When did Bitcoin’s first trading happen?
The first mass trading of Bitcoin happened on May 22, 2010. While Laszlo Hanyecz (renowned programmer) traded two pizzas for 10,000 Bitcoins. Followed by this “Bitcoin Pizza Day”, Bitcoin was available for commercial trading from $0.0008 to $0.08 by July 2010.
Why is Bitcoin unique? | What Makes Bitcoin Unique?
The unchallenged uniqueness of the pioneer of cryptocurrency is that it’s the first-ever cryptocurrency. And this tag is going to stay forever. However, there are other technical considerations, too.
Bitcoin is no doubt outlined as a successful pathway for other cryptocurrencies, too. In terms of building communities, trading values, and regulations, Bitcoin already set crypto fandom on a guided path. This made it a lot easier for the following cryptocurrencies to define or redefine their guidelines.
The current quintessential model of cryptocurrencies is the most valid proof of the above fact. The current day $2 trillion worth of crypto market is all standing on the key motive brought forth by Bitcoin.
“Making digital payments more accessible, easier, and readily available in any corner of the world without any dependency!”
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