Bitcoin employs peer-to-peer technology to function without a central authority
or banks; the network manages transactions and issues bitcoins collectively.
Despite the fact that other cryptocurrencies have existed before it, Bitcoin is
the first decentralized cryptocurrency - its fame has inspired replicas and
evolution in the industry.
Bitcoin is here to stay, since it has the most markets and the highest value,
hitting a peak of 18 billion USD. As with any new product, there may be
improvements or flaws with the original model, but the community and a dedicated
team of engineers are working hard to overcome any challenges that occur. It is
also the most traded cryptocurrency and one of the most important entry points
for all other cryptocurrencies. The price is as erratic as it has always been,
with daily changes ranging from 10% to 20%.
Bitcoin is a SHA-256 POW currency with a total mineable coin supply of about
21,000,000. The time allotted for the block is 10 minutes.
Learn about the history of
Bitcoin here and check out 50
crazy-fun facts about Bitcoin here!
Learn facts
about Bitcoin here!