Bitcoin (BTC) is a decentralized digital currency that operates on a blockchain network, allowing for peer-to-peer transactions without intermediaries. Here's what you need to know:
*Key Features:*
- *Decentralized*: Bitcoin operates independently of central banks and governments, relying on a global network of users to maintain its operations.
- *Limited Supply*: Only 21 million Bitcoins will ever exist, contributing to its value and scarcity.
- *Secure*: Transactions are verified through a proof-of-work system, ensuring a secure and transparent ledger.
*Current Market Status:*
- *Price*: Bitcoin's current price is around $105,659.18, with a 0.16% increase in the last 24 hours.
- *Market Capitalization*: The market cap is approximately $2.09 trillion.
- *Circulating Supply*: There are 19.87 million Bitcoins in circulation.¹
*How Bitcoin Works:*
- *Blockchain Technology*: Bitcoin uses a public distributed ledger to record transactions, ensuring transparency and security.
- *Peer-to-Peer Transactions*: Bitcoin enables fast and low-cost transactions across the globe, without intermediaries.
- *Mining*: New Bitcoins are created through a process called mining, where miners compete to add new blocks to the blockchain.²
*Benefits:*
- *Store of Value*: Bitcoin's scarcity and security make it a popular store of value.
- *Investment Opportunity*: Bitcoin's price volatility creates opportunities for traders and investors.
- *Fast and Global Transactions*: Bitcoin enables fast and low-cost transactions across the globe.$BTC