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Bitcoin (BTC)

$48,153.00 -3.32%
Rank

#1

Market Cap

$897,839,149,311.00

Volume

$56,461,774,853.00

24h High / 24h Low

$50,099.00 / $46,520.00

24h 7D 1M 1Y MAX
Mining Rate: 88.79%
Circulating Supply: 18,645,525.00
Total Supply: 21,000,000.00

What is Bitcoin (BTC)

Bitcoin (BTC) is “a purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution” as its whitepaper states. As a fully decentralised crypto currency, Bitcoin can be hold in your own wallet and those Bitcoins can be sent into another wallet without a centralised authority’s permission but with the permission of a decentralised network.

Bitcoin network launched on January 3, 2009 by Satoshi Nakamoto, a person or a group of people whose identity have never been revealed. Bitcoins are created by a process which is called mining, that refers a process of adding new blocks to the blockchain by doing some computer work. Bitcoin has a limited supply (21 million BTC) and 1 Bitcoin can be divided into 100 millions of satoshis. So, the smallest amount of Bitcoins that can be sent is 0.00000001 BTC.

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