Overview:
Bitcoin is the first and largest decentralized digital currency, launched in 2009 by Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to send and receive Bitcoins without intermediaries.
Key Features:
1. Decentralized: No central authority controls Bitcoin.
2. Limited Supply: 21 million BTC maximum.
3. Fast Transactions: Average 10-minute block time.
4. Security: Cryptographic algorithms ensure secure transactions.
5. Transparency: Public ledger (blockchain) records all transactions.
Technical Details:
1. Blockchain: Bitcoin's decentralized ledger.
2. Mining: Nodes validate transactions, securing the network.
3. Hash Function: SHA-256 algorithm.
4. Block Reward: 6.25 BTC per block (halved every 4 years).
Uses:
1. Digital Payments
2. Investments
3. Remittances
4. Microtransactions
5. Store of Value
Adoption:
1. Accepted by thousands of merchants worldwide.
2. Integrated into various payment systems.
3. Growing institutional investment.
Regulation:
1. Varied global regulations.
2. Legal tender in El Salvador.
3. Taxed as property in the US.
Current Data:
1. Price: Check CoinGecko or CoinMarketCap.
2. Market Capitalization: Over $1 trillion.
3. Trading Volume: Check CoinGecko or CoinMarketCap.
4. Circulating Supply: ~19 million BTC.
Network Statistics:
1. Block Height: ~750,000.
2. Hash Rate: ~200 EH/s.
3. Difficulty Adjustment: Every 2016 blocks.
Security Measures:
1. Encryption.
2. Two-Factor Authentication.
3. Cold Storage.
Wallets:
1. Bitcoin Core.
2. Electrum.
3. Ledger.
4. Trezor.
Exchanges:
1. Binance.
2. Coinbase.
3. Kraken.
4. Huobi.
Community:
1. Bitcoin Talk.
2. Reddit (r/Bitcoin).
3. Twitter (#Bitcoin).
Stay updated:
1. (link unavailable)
2. Coindesk.
3. CoinTelegraph.
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