What is Bitcoin?
Bitcoin (BTC) is a decentralized digital currency that was introduced in 2009. It allows users to transfer value directly to each other without the intervention of financial institutions. This is made possible by a blockchain, a public and immutable ledger in which all transactions are recorded. Bitcoin has a maximum supply of 21 million coins, making it seen as a scarce digital asset. The network is secured by miners, who verify transactions through a process known as Proof-of-Work (PoW).
Whitepaper: Bitcoin Whitepaper
How does Bitcoin work?
Bitcoin works based on a blockchain, a series of blocks with transactions that are validated by miners. Miners solve cryptographic puzzles to verify transactions and release new bitcoins. This mechanism, Proof-of-Work, ensures the security and decentralization of the network. Once a transaction is approved, it is permanently recorded on the blockchain and can no longer be changed.
The token
- Abbreviation: BTC
- Category: Digital currency / Store of Value
- Blockchain: Bitcoin Blockchain
- Protocol: Proof-of-Work (PoW)
- Launch date: 2009
The technology behind Bitcoin
Bitcoin uses blockchain technology to record transactions transparently and securely. Every 10 minutes, a new block is added to the chain, in which transactions are bundled and validated by miners. Thanks to the decentralized nature of Bitcoin, transactions can take place without a central authority, while cryptography and consensus mechanisms ensure the integrity of the network.
The Bitcoin ecosystem
The ecosystem around Bitcoin consists of miners, developers, users, and companies that use BTC as a means of payment or investment. In addition to exchanges and wallets, more and more platforms and companies are integrating Bitcoin into their financial services. Bitcoin is increasingly used as a store of value, similar to gold, but also as a means of payment at companies that accept crypto.
Who is the founder of Bitcoin?
Bitcoin was introduced in 2008 by an anonymous person or group under the pseudonym Satoshi Nakamoto. The Bitcoin whitepaper described a decentralized financial system that functions without the intervention of banks. In 2010, Nakamoto disappeared from public view, and to this day, the identity of the founder is unknown.
Price at this moment
24h ago
€75,440.49
The value of bitcoin 24 hours ago
24h highest price
€77,508.00
The highest value of bitcoin the last 24 hours
24h lowest price
€75,178.00
The lowest value of bitcoin the last 24 hours
24h difference
€1,095.51
The value in which bitcoin has dropped or increased the last 24 hours
Impact on the environment
Click here to read more information about the impact of this coin on the environment.
Risk disclaimer
Cryptocurrencies, including Bitcoin (BTC), are volatile and carry risks. The value of BTC can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.
For more information, consult the crypto asset whitepaper which includes information about the provider, information about the crypto asset, information about the risks and information about the impact of the asset on the climate; https://www.lcx.com/btc-mica-white-paper/