-
Bitcoin $93,580.5822
5.99% - Ethereum
$1,780.3758
12.27% - Tether USDt
$1.0000
0.02% - XRP
$2.2336
7.45% - BNB
$617.0092
2.58% - Solana
$151.1010
8.49% - USDC
$0.9998
-0.01% - Dogecoin
$0.1804
11.02% - Cardano
$0.6935
10.66% - TRON
$0.2473
-0.16% - Chainlink
$14.5597
11.46% - Sui
$2.9078
29.47% - Avalanche
$22.5900
14.68% - UNUS SED LEO
$9.0735
-1.25% - Stellar
$0.2674
9.14% - Shiba Inu
$0.0...01364
10.52% - Toncoin
$3.1063
6.26% - Hedera
$0.1842
6.84% - Bitcoin Cash
$361.7446
7.08% - Polkadot
$4.0610
9.37% - Litecoin
$83.8579
6.50% - Hyperliquid
$18.8944
3.48% - Bitget Token
$4.6004
4.14% - Dai
$0.9999
0.01% - Ethena USDe
$0.9993
0.01% - Pi
$0.6699
6.47% - Monero
$227.1589
5.14% - Pepe
$0.0...09056
14.37% - Uniswap
$5.9024
12.54% - Aptos
$5.2984
10.41%
What is Bitcoin (BTC)?
Bitcoin (BTC) is a decentralized digital currency that operates on a distributed ledger technology called the blockchain, providing transparency and security for transactions.
Oct 29, 2024 at 02:36 pm
What is Bitcoin (BTC)?
1. Definition
Bitcoin (BTC) is the first decentralized digital currency, created in 2009 by an anonymous individual or group known as Satoshi Nakamoto. It operates on a distributed ledger technology known as the blockchain, which ensures the integrity and security of transactions without the need for intermediaries.
2. Features
- Decentralization: Bitcoin operates on a peer-to-peer network, meaning there is no central authority controlling the currency.
- Transparency: All transactions on the Bitcoin network are recorded on a public ledger, making them easily verifiable.
- Scarcity: The total supply of Bitcoin is capped at 21 million, creating a fixed and limited supply that prevents inflation.
- Anonymity: Transactions are anonymous as they do not include personally identifiable information, although certain tracing techniques may exist.
- Immutable: Once a transaction is confirmed on the blockchain, it becomes irreversible and cannot be altered.
3. Uses
- Digital Payments: Bitcoin can be used to purchase goods and services both online and offline from merchants who accept it.
- Store of Value: Some investors view Bitcoin as a store of value similar to gold due to its scarcity and potential for appreciation.
- Remittances: Bitcoin allows for fast and low-cost international money transfers, eliminating the need for intermediaries and high fees.
4. Mining
Bitcoin is created through a process called mining, where computers solve complex mathematical problems to validate transactions and add them to the blockchain. Miners are rewarded with newly minted Bitcoins for their efforts.
5. Price and Market Value
The price of Bitcoin is determined by supply and demand in the open market. It has experienced significant price fluctuations over the years, attracting both investors and speculators.
6. Future Prospects
The future of Bitcoin remains uncertain but holds the potential for further adoption as a global digital currency. However, ongoing developments in blockchain technology and cryptocurrency regulation will likely influence its long-term trajectory.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Bitcoin (BTC) Prices Rise by Over 6% as It Decouples from Nasdaq
- 2025-04-23 15:45:12
- Immutable Co-founder Robbie Ferguson Announces the Outcome of a Multibillion-Dollar Partnership
- 2025-04-23 15:45:12
- Troller Cat ($TCAT) Emerges as the Wild Card of Meme Coins
- 2025-04-23 15:40:12
- Despite Small Gains, Pi Coin Remains Trapped Within a Tight Trading Range
- 2025-04-23 15:40:12
- Tokenomics: The Financial DNA of a Crypto Token
- 2025-04-23 15:35:12
- Bitcoin (BTC) Rallies Above $92K, Meme Coins Respond with Surge in Prices
- 2025-04-23 15:35:12
Related knowledge
How to buy and sell Bitcoin using a P2P platform?
Apr 18,2025 at 05:57pm
Buying and selling Bitcoin using a P2P (peer-to-peer) platform can be an efficient way to trade cryptocurrencies directly with other individuals. This method offers flexibility, often lower fees, and the ability to use various payment methods. In this article, we will walk through the process of buying and selling Bitcoin on a P2P platform, ensuring you...
How to avoid high transaction fees in Bitcoin trading?
Apr 18,2025 at 12:14am
How to Avoid High Transaction Fees in Bitcoin Trading? Bitcoin trading can be exciting, but high transaction fees can quickly erode your profits. Understanding how to minimize these fees is crucial for any trader looking to maximize their returns. In this article, we will explore various strategies and techniques to help you avoid high transaction fees ...
How to see the depth chart of Bitcoin trading?
Apr 17,2025 at 08:36am
Understanding the depth chart of Bitcoin trading is crucial for any serious cryptocurrency trader. The depth chart provides a visual representation of the supply and demand for Bitcoin at various price levels, helping traders make informed decisions about when to buy or sell. In this article, we will guide you through the process of accessing and interp...
How to buy Bitcoin with local currency?
Apr 18,2025 at 01:22am
Buying Bitcoin with local currency is a straightforward process that allows you to enter the world of cryptocurrencies using your familiar fiat money. Whether you are a beginner or an experienced investor, understanding the steps to acquire Bitcoin with your local currency can help you make informed decisions and manage your investments effectively. In ...
What is the Lightning Network in Bitcoin trading?
Apr 19,2025 at 02:35am
The Lightning Network is a second-layer scaling solution designed to enhance the speed and efficiency of Bitcoin transactions. It operates as an off-chain network that allows users to conduct multiple transactions without the need to settle each one individually on the Bitcoin blockchain. This significantly reduces transaction fees and speeds up the pro...
How to buy and sell Bitcoin on a decentralized exchange (DEX)?
Apr 18,2025 at 02:42am
Buying and selling Bitcoin on a decentralized exchange (DEX) offers a different experience compared to traditional centralized exchanges. DEXs provide more privacy and control over your funds, as they allow you to trade directly with other users without an intermediary. This guide will walk you through the process of buying and selling Bitcoin on a DEX,...
How to buy and sell Bitcoin using a P2P platform?
Apr 18,2025 at 05:57pm
Buying and selling Bitcoin using a P2P (peer-to-peer) platform can be an efficient way to trade cryptocurrencies directly with other individuals. This method offers flexibility, often lower fees, and the ability to use various payment methods. In this article, we will walk through the process of buying and selling Bitcoin on a P2P platform, ensuring you...
How to avoid high transaction fees in Bitcoin trading?
Apr 18,2025 at 12:14am
How to Avoid High Transaction Fees in Bitcoin Trading? Bitcoin trading can be exciting, but high transaction fees can quickly erode your profits. Understanding how to minimize these fees is crucial for any trader looking to maximize their returns. In this article, we will explore various strategies and techniques to help you avoid high transaction fees ...
How to see the depth chart of Bitcoin trading?
Apr 17,2025 at 08:36am
Understanding the depth chart of Bitcoin trading is crucial for any serious cryptocurrency trader. The depth chart provides a visual representation of the supply and demand for Bitcoin at various price levels, helping traders make informed decisions about when to buy or sell. In this article, we will guide you through the process of accessing and interp...
How to buy Bitcoin with local currency?
Apr 18,2025 at 01:22am
Buying Bitcoin with local currency is a straightforward process that allows you to enter the world of cryptocurrencies using your familiar fiat money. Whether you are a beginner or an experienced investor, understanding the steps to acquire Bitcoin with your local currency can help you make informed decisions and manage your investments effectively. In ...
What is the Lightning Network in Bitcoin trading?
Apr 19,2025 at 02:35am
The Lightning Network is a second-layer scaling solution designed to enhance the speed and efficiency of Bitcoin transactions. It operates as an off-chain network that allows users to conduct multiple transactions without the need to settle each one individually on the Bitcoin blockchain. This significantly reduces transaction fees and speeds up the pro...
How to buy and sell Bitcoin on a decentralized exchange (DEX)?
Apr 18,2025 at 02:42am
Buying and selling Bitcoin on a decentralized exchange (DEX) offers a different experience compared to traditional centralized exchanges. DEXs provide more privacy and control over your funds, as they allow you to trade directly with other users without an intermediary. This guide will walk you through the process of buying and selling Bitcoin on a DEX,...
See all articles
