Bitcoin is a decentralized digital currency, also known as a cryptocurrency. It operates without a central authority or intermediary, relying instead on a peer-to-peer network and blockchain technology to facilitate and record transactions securely. Key characteristics of Bitcoin include:
1. **Decentralization**: No central bank or single administrator controls Bitcoin.
2. **Blockchain Technology**: Transactions are recorded on a public ledger called the blockchain, which is maintained by a network of nodes (computers).
3. **Limited Supply**: There will only ever be 21 million Bitcoins, making it deflationary in nature.
4. **Cryptographic Security**: Transactions and issuance are managed through cryptographic algorithms, ensuring security and integrity.
5. **Pseudonymity**: Users can transact without revealing their real identities, though transactions are publicly recorded on the blockchain. $BTC
The live price of Bitcoin is $ 69,013.45 per (BTC / USD) with a current market cap of $ 1,360.19B USD. 24-hour trading volume is $ 32.88B USD. BTC to USD price is updated in real-time. Bitcoin is -2.69% in the last 24 hours with a circulating supply of 19.71M.