Bitcoin infornation

What is Bitcoin?


Bitcoin is a digital currency created in January 2009 following the housing market crash. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto. The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies;





                                                                     There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of hundreds of other virtual currencies collectively referred to as Altcoins;


How Bitcoin Works?


How exactly to categorize Bitcoin is a matter of controversy. Is it a type of currency, a store of value, a payment network or an asset class?


                                      Fortunately, it's easier to define what Bitcoin actually is. It's software. Don't be fooled by stock images of shiny coins emblazoned with modified Thai baht symbols. Bitcoin is a purely digital phenomenon, a set of protocols and processes;


                                             It also is the most successful of hundreds of attempts to create virtual money through the use of cryptography, the science of making and breaking codes. Bitcoin has inspired hundreds of imitators, but it remains the largest cryptocurrency by market capitalization, a distinction it has held throughout its decade-plus history;





1=Market Cap


$219,352,554,781




2=24h Low / 24h High


$11,563.00 / $11,942.72




3=Fully Diluted Valuation


$249,307,275,000





4=24 Hour Trading Vol


$24,028,877,792




5=Circulating Supply https://blockchain.info/q/totalbc

Est. Circulating Supply
18,476,812



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18,476,812 / 21,000,000



Circulating Supply https://blockchain.info/q/totalbc

Est. Circulating Supply
18,476,812



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18,476,812 / 21,000,000




Max Supply


21,000,000

COMMUNITY DETAILS

Bitcoin Gold

3297

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1

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Bitcoin Gold (BTG) is a fork of Bitcoin that occurred on October 24, 2017 on block 419406. Bitcoin Gold changed Bitcoin’s proof-of-work algorithm from SHA256 to Equihash rendering specialised mining equipment obsolete in an attempt to democratise the Bitcoin mining process.

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