#Write2Earn
Bitcoin is a decentralized digital currency that operates independently of any central authority, using blockchain technology to ensure secure and transparent transactions. It's often referred to as "digital gold" due to its scarcity and store of value properties, with a limited supply of 21 million coins.
*Key Features:*
- *Decentralization*: Bitcoin operates on a peer-to-peer network, allowing users to send and receive transactions without intermediaries.
- *Security*: Transactions are encrypted and recorded on a public ledger called the blockchain, making them immutable and transparent.
- *Limited Supply*: The total supply of Bitcoin is capped at 21 million, contributing to its value and scarcity.
- *Borderless*: Bitcoin can be sent anywhere in the world without intermediaries, making it a global and borderless currency.
*Current Market Status:*
The current price of Bitcoin is around $115,341.60, with a 1.56% increase in the last 24 hours. The market capitalization of Bitcoin is approximately $2.29 trillion, with a dominance of 59.82% in the cryptocurrency market ¹ ².
*Uses:*
- *Digital Payments*: Bitcoin is widely accepted for online purchases, subscriptions, and services.
- *Investment*: Bitcoin is used as a hedge against inflation and currency devaluation, and many investors hold it as a long-term store of value.
- *Remittances*: Bitcoin offers a low-cost alternative for sending money internationally, bypassing traditional banking fees.
- *Decentralized Finance (DeFi)*: Bitcoin plays a foundational role in DeFi applications, enabling lending, borrowing, and trading without intermediaries ³