Bitcoin (BTC) price, charts, market capitalization | CoinMarketCap

Today’s Bitcoin price is $29,103.22 USD with a 24-hour trading volume of $32,725,131,227 USD. We update our BTC price to USD in real time. Bitcoin is down 2.26% in the last 24 hours. CoinMarketCap’s current ranking is #1, with a market cap of $554,238,539,271 USD. It has a circulating supply of 19,043,893 BTC coins and a maximum supply of 21,000,000 BTC coins.

The main changes for trading in Bitcoin are currently Binance, OKX, BitCoke, CoinFLEX,y. You can find other listings in our.What is Bitcoin (BTC)?

Bitcoin is a decentralized cryptocurrency originally introduced in a whitepaper in 2008 by a person, or group of people, using the alias Satoshi Nakamoto. It was released shortly thereafter, in January 2009.

Bitcoin is a peer-to-peer online currency, which means that all transactions occur directly between the equal and independent participants of the network without the need for any intermediary to give them permission or facilitate their operations. Bitcoin was created, in Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

There are some concepts that describe a similar type of decentralized electronic currency before BTC, but Bitcoin has the distinction of being the first cryptocurrency to come into use.

The original inventor of Bitcoin is known under a pseudonym, Satoshi Nakamoto. Even in 2020, the true identity of the person (or organization) behind the alias remains unknown.

On October 31, 2008, Nakamoto published the Bitcoin whitepaper, which describes in detail how a peer-to-peer digital currency could be implemented. In it they proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms; the entire system would later be called “blockchain”.

Just two months later, on January 3, 2009, Nakamoto mined the first block from the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency.

However, although Nakamoto was the original inventor of Bitcoin, as well as the author of its first implementation, over the years a large number of people have contributed to improving the software of this cryptocurrency by applying patches to vulnerabilities, and adding new features.

The Bitcoin source code archive on GitHub lists more than 750 contributors, some of the most important being Wladimir J van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli, among others.

Bitcoin’s most unique advantage comes from the fact that it was the first cryptocurrency to appear on the market.

It has managed to create a global community, and give birth to an entirely new industry with millions of enthusiasts creating, investing, trading and using Bitcoin and other cryptocurrencies in their everyday lives. The emergence of this first cryptocurrency has created a conceptual and technological foundation that subsequently inspired the development of thousands of competitive projects.

The entire cryptocurrency market, which is now worth more than $300 billion, is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world, without relying on trusted intermediaries, such as banks and financial services companies.

Thanks to its pioneering nature, BTC remains at the top of this vibrant market after more than a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest crypto asset, with a market capitalization that fluctuated between $100 million and $200 million in 2020, due in large part to the presence of platforms that provide usage options for BTC: wallets, exchanges, payment services, online gaming, and more. Related Pages:

Looking for market and blockchain data for BTC? Visit our block explorer.

Do you want to buy Bitcoin? Use the CoinMarketCap guide.How many Bitcoin are in circulation?

Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins. New coins can be created during the process known as “mining”: as transactions are relayed across the network, they are picked up by miners and packaged into blocks, which in turn are protected by complex cryptographic calculations.

As compensation for spending their computational resources, miners receive rewards for each block they successfully add to the blockchain. At the time Bitcoin was launched, the reward was 50 bitcoins per block: this number is halved with every 210,000 new blocks mined, which are obtained by the network in about four years. As of 2020, the block reward has been halved three times. It currently comprises 6.25 Bitcoin coins.

Bitcoin was not mined in advance, meaning that no coins were mined or distributed among the founders before they were available to the public. However, during the early years of BTC’s existence, competition among miners was relatively low, allowing early participants in the network to accumulate significant amounts of coins through regular mining. It is believed that Satoshi Nakamoto alone owns more than one million Bitcoins.

Bitcoin is secured by the SHA-256 algorithm, which belongs to the SHA-2 family of hashing authentication algorithms, which is also used by Bitcoin Cash (BCH), as well as several other cryptocurrencies.

Bitcoin is, in many ways, almost synonymous with cryptocurrency, which means you can buy or sell it on virtually any cryptocurrency exchange, both for fiat money and for other cryptocurrencies. Some of the main markets in which BTC can be traded are:

• Binance
• Coinbase Pro
• OKEx
• Kraken
• Huobi Global
• Bitfinex

If you are new to the world of crypto assets, use CoinMarketCap’s simple guide to buy Bitcoin.

There are many different types of Bitcoin wallets: web, desktop, paper, just to name a few, but what kind of wallet is best suited for you?

Table of Contents

• Software wallets
• Web wallets
• Multi-signature wallets
• Desktop wallets
• Mobile wallets
• Hardware wallets
• Paper wallets

In our previous section, we looked at what Bitcoin wallets are and how they differ from the traditional bank accounts people use to transact with their fiat currencies.

Below we delve into the different types of Bitcoin wallets (software, hardware and paper), and how to use them.

In addition to these three basic types, Bitcoin wallets can use single-key or multisig (multiple signature) technology. They are also distinguished as “hot” or “cold” depending on their forms of storage: a hot wallet is connected to the Internet, while a cold wallet works completely offline. Software wallets

Software portfolios span web, desktop, and mobile portfolios. Web wallets

A web wallet allows users to interact with the BTC blockchain through a web browser interface, and hosts their private keys and other “credentials” on an online server. For this reason, a web wallet is also a hot wallet.

Many web wallets are hosted by a third party, such as a cryptocurrency exchange, which allows users to easily store and exchange their cryptocurrencies in a single interface.

Creating a user account on a cryptocurrency exchange will normally automatically generate a BTC wallet for the user and, in some cases, a number of additional wallets for each of the cryptocurrencies that can be traded within the exchange platform.

The pros of a wallet hosted on an exchange are its convenience, ease of use, and integration with the trading functionality on the exchange.

Originally posted 2022-04-25 05:51:03.