BTC Specifications

Type

COIN

Algorithm

SHA-256

Protocol

POW

Start Date

01/11/2008

Max Supply

21,000,000

Circ. Supply

19,813,003

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Info

Bitcoin (BTC) is the first and most widely recognized cryptocurrency, created to enable decentralized, peer-to-peer transactions without the need for intermediaries. Bitcoin operates on a secure blockchain network that verifies and records transactions transparently. As a digital store of value and medium of exchange, it has become a cornerstone of the cryptocurrency ecosystem and a benchmark for other digital assets. Bitcoin is frequently used in swaps due to its high liquidity and universal acceptance.

Market Impact

Bitcoin revolutionized finance by introducing the concept of decentralized currency. It set the foundation for the broader cryptocurrency market, influencing the development of thousands of other blockchain-based projects. Its fixed supply of 21 million coins and robust security have made it a trusted asset for both retail and institutional investors. Bitcoin's widespread use in secure exchanges and its ability to facilitate swaps across networks further solidify its leading role in the digital currency landscape.

History

Bitcoin was introduced in 2008 through a whitepaper authored by an anonymous entity known as Satoshi Nakamoto. The network went live in January 2009 with the mining of the first block, called the Genesis Block. Bitcoin was designed to solve issues like centralized control and double-spending by leveraging blockchain technology. Over the years, Bitcoin has seen widespread adoption as a digital currency and a reliable method to exchange value globally. It has also become a foundational asset for decentralized swaps, enabling seamless asset transfers across blockchain platforms.

Features

Decentralized Network
Bitcoin is maintained by a global network of nodes and miners, ensuring transactions are secure and censorship-resistant without central authority oversight.
Limited Supply
With a maximum supply of 21 million coins, Bitcoin's scarcity enhances its value as a hedge against inflation and an attractive store of value.
Global Accessibility
Bitcoin allows users to exchange value instantly across borders without intermediaries, offering financial inclusion to unbanked populations worldwide.

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.