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What is Bitcoin?
Bitcoin is the first decentralized cryptocoin ever built on top of a blockchain. It was created by an anonymous person or group of people with the nickname Satoshi Nakamoto in 2009 as an open source project.
To understand the Bitcoin blockchain we can imagine a book, where each page number contains a signature that can validate the content of that page and its previous one. This signature is computed by an algorithm known as SHA-256 and cannot be reversed. In other words we can calculate the A-256 signature from some content, but we can’t get content if we know its SHA-256 signature. Back to the example with the book: if we tear out a page from the book, we can easily understand that a page is missing. The same is with adding an inexistent page. All the pages are copied between members of the chain, and this is why the Bitcoin Blockchain is considered a distributed network.
Bitcoin is an open source project maintained by a developer team with over 580 active contributors. The code of the chain is available on Github. The main purpose of Bitcoin was decentralized but trusted, low fee money transactions between people and businesses around the world. Nowadays over 100.000 vendors accept Bitcoin for payments. And there are between 2.9 and 5.8 million unique users who actively use Bitcoin cryptocurrency wallets. The price of Bitcoin can be very volatile due to speculation and has changed in the past more than +/-20% during a single.
Bitcoin Market Price Ticker Chart
Not currently supported on BlockCard; data on currently unsupported cryptocurrencies is included for your convenience.
Bitcoin Frequenty Asked Questions
Where does Bitcoin (BTC) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Bitcoin currently ranks in position 1 out of the top 1000 cryptocurrencies. Another important factor in popularity is Bitcoin‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Bitcoin has a market cap of $ 873,150,612,783, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 873,150,612,783, Litecoin at $ 11,499,341,497, Ethereum at $ 170,965,507,565, Tether at $ 36,309,551,516, and XRP at $ 21,075,191,061.
What is the price of Bitcoin (BTC) today (updated in realtime)?
The current price of Bitcoin is $ 46,751.00 in USD. (The price in Euros is 38.683,41 €; and the price in Bitcoin is Ƀ 1.00000000 BTC.)
How has Bitcoin (BTC) performed recently?
Bitcoin‘s price has decreased in the last 24 hours by -8.65%. The change in price over the last seven days was -0.51%. The trading volume over the last 24 hours was $ 59,889,409,603. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is Bitcoin‘s (BTC) market supply?
The total circulating (available) supply of Bitcoin is 18,644,906 BTC. The total supply of Bitcoin is 21,000,000 BTC.
What is the 24 hour volume for Bitcoin (BTC)?
The 24 hour volume of Bitcoin is $ 59,889,409,603.
What is Bitcoin (BTC) official website?
Bitcoin‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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