What is Bitcoin?
What is Bitcoin?
Bitcoin is an open-source and decentralized peer-to-peer payment network. It is the world’s first cryptocurrency that emerged in 2009. Bitcoin remains the most dominant cryptocurrency by market capitalization, surpassing the trillion-dollar mark in 2021.
Bitcoin’s inventor is unknown but linked to the pseudonym Satoshi Nakamoto.
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How Bitcoin Works?
The goal of Bitcoin was to enable transactions without the need for an intermediary such as a bank, as the blockchain network utilizes a public ledger comprised of various wallet addresses. This peer-to-peer style of transaction via individual wallet addresses characterizes all cryptocurrency transactions today.
How Many Bitcoins Are There?
Bitcoins code is programmed to only have a maximum supply of 21,000,000 making it "digital gold".
What’s The Relationship Between Bitcoin and Blockchain?
Crypto is traded on the blockchain, which is a decentralized platform that publicly records digital assets. After over a decade of its existence, cryptocurrency has quickly become widely used and traded amongst people globally.