bitcoin Bitcoin (BTC)

2.57% (24H)
Market CapVolumeAvailable Supply
$252.26 B $26.06 B18.53 M BTC

Bitcoin current price is $13,614.84 with a marketcap of $252.26 B. Its price is 2.57% up in last 24 hours.

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process. Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority or banks. Bitcoin is design to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes. Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on. The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.

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“The great thing about the Bitcoin Revolution is that we don’t have to fight the oligarchs: we can simply turn our backs on them and their utterly discredited system.”

@obi 🔥🔥🔥

$14,000 is a key level for #Bitcoin in a number of ways. Today, Bitcoin closed in on said level, reaching $13,750 for the first time in over a year and now trading within reach of $14,000.

@n1ckchong reports

Microsoft faces a similar issue to MicroStrategy before its 38,250 #bitcoin purchase: the tech giant sits on $13.5 billion in cash equivalents and $123 in short-term investments - funds that some would rather see allocated to Bitcoin.

@n1ckchong reports

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