Bitcoin is a cryptocurrency that relies on blockchain technology, and its main goal is to provide a decentralized financial system that allows for online financial transactions without the need for intermediaries such as banks or traditional financial institutions. The main objectives of Bitcoin include ¹:
- *Reducing reliance on financial intermediaries*: Lowering transaction costs and increasing the efficiency of the financial system.
- *Creating a decentralized monetary system*: It is not controlled by any entity or central authority, which enhances transparency and security.
- *Using encryption technologies*: Ensuring the security of transactions and protecting user identities.
- *Transaction validation via blockchain*: It enhances transparency and reduces the chances of fraud.
*Bitcoin Analysis:*
- *Current Price*: The price of Bitcoin is approximately 103,832.62 US dollars, with a decrease of 1.98% from the previous day.
- *Market Value*: The market value of Bitcoin is approximately 2.08 trillion US dollars, making it one of the largest cryptocurrencies in the world.
- *Volatility*: The price of Bitcoin is affected by market fluctuations and can change significantly in a short period.
- *Uses*: Bitcoin can be used as a means of payment, investment, or a hedge against inflation ².
*Features of Bitcoin:*
- *Decentralization*: Bitcoin is not subject to a central authority, which enhances transparency and security.
- *Security*: Bitcoin transactions rely on strong encryption technologies that protect data and ensure the security of transactions.
- *Transparency*: All transactions are recorded on the blockchain, enhancing transparency and reducing the chances of fraud.
- *Limited supply*: The maximum number of Bitcoins is only 21 million, which may enhance its value over time ¹.$BTC