Bitcoin Asset (Old)

1. Summary

Ranks

Liquidity

-

Developer

-

Social

89

Momentum (beta)

0

Stack Rank™

-

Price

$0.46 0.0%

Market Cap

$0.00 (#12188)

Supply

/

Tags

Binance Smart Chain Ecosystem

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Price
52W High price	$0.72
52W High date	3rd Apr 2022 (3 years ago)
All Time High (ATH) Date	9th Dec 2024 (5 months ago)
All Time Low (ATL) Date	9th Dec 2024 (5 months ago)

Supply & Trading Volume
Trading Volume (24h)	$128.00

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Description

Bitcoin Asset (Old)

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Bitcoin Asset (Old)

Symbol: ₿

Overview

Bitcoin is a decentralized cryptocurrency that uses peer-to-peer technology to facilitate instant financial transactions without the need for third-party oversight. It operates on a public distributed ledger called a blockchain, which records transactions verified by nodes in the network through cryptography.

History

Bitcoin was created by Satoshi Nakamoto and first released in 2009. The first block, known as the Genesis block, was mined on January 3, 2009. The original white paper, titled "Bitcoin: A Peer-to-Peer Electronic Cash System," was published on Bitcoin.org.

Units and Divisibility

The unit of account in the bitcoin system is the bitcoin. Each bitcoin is divisible to eight decimal places. Units for smaller amounts of bitcoin include millibitcoin (mBTC) and satoshi (sat). The satoshi is the smallest unit, equal to one hundred millionth of a bitcoin.

Mining

Bitcoin blockchain maintenance involves a computationally intensive process called mining, which consumes increasing amounts of electricity and has been criticized for its environmental effects. The mining process is based on proof of work, ensuring the security of the bitcoin blockchain. Bitcoin rewards are halved every 210,000 blocks.

Current Status

Bitcoin is the world’s first decentralized cryptocurrency. The mining process involves rewarding miners with newly minted bitcoins, which can be purchased and traded on several exchanges. The latest block reward is 3.125 BTC per block.

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