$59,271.22
- Market Cap$1,186,276,189,817.371
- 24 Hour Trading Vol$11,955,736,528.581
- Fully Diluted Valuation$1,244,695,623,117.507
- Circulating Supply20,047,456
- Total Supply21,000,000
- Max Supply21,000,000
- Bitcoin Price$59,271.22
- Trading Volume$11,955,736,528.581
- Market Cap$1,186,276,189,817.371
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Bitcoin is an innovative Internet Protocol that enables you to exchange digital value over anonymous peer-to-peer transactions without relying on a central authority or a bank, making it completely decentralized.
Bitcoin became real through the shared agreement of network nodes. It is open-source, accessible to the public, and no single party can control it.
Bitcoin transactions are:
Permissionless and borderless. Send BTC payment transactions to anyone, at any time, and for any amount-without needing intermediaries such as banks or governments. No one can limit your transfers, freeze them, or control them in any way; You don’t have to submit any ID or complete KYC/AML, making the technology suitable for the unbanked, privacy-focused communities, and people in financially underdeveloped or sanctioned countries;Bitcoin can’t be altered, since nobody has the ability to block or freeze a transaction of any size; Once a transaction is added to the blockchain, it can’t be reversed;Fast. Transactions can be processed within seconds and become fully irreversible within about an hour;Available online 24/7-365 days a year.All transactions are recorded on a distributed ledger, known as a blockchain. This system keeps a record of every bitcoin transaction ever made. Each “block” uses an encrypted Merkle Trees-based data structure. This approach is especially helpful for identifying fraud or corrupted files. If any single file is corrupt or fraudulent, the blockchain prevents it from harming the rest of the ledger.
Stored Bitcoins:
The Bitcoin total supply is fixed at 21 million Bitcoins. No additional Bitcoins can be created, so BTC won’t be debased. Bitcoin’s blockchain rules ensure that only 21 million Bitcoins will ever exist. On May 11, 2020, BTC underwent its third block reward halving. Today, around 900BTC are mined every 24 hours. The reward is halved about once every four years until the last bitcoin is mined. In practice, the final bitcoin is expected to be mined around the year 2140. There are also no storage expenses, since Bitcoins require no physical space regardless of how much you hold.
How does Bitcoin work?
The main technologies powering Bitcoin are public-key cryptography, peer-to-peer networking, and a Proof-of-Work consensus mechanism used to verify payments. A key advantage is its verification workflow, which reduces the chance of fraud. Bitcoin operates in a decentralized way and is protected by “miners” who continually validate transactions and earn block rewards for doing so. When enough transactions are confirmed, another block is appended to the blockchain and the cycle continues.
Each payment is sent out to the network and added to the blockchain to prevent double-spending. After a couple of minutes, transactions are securely stored on the blockchain through the ongoing processing power that keeps expanding the chain.
By default, the Bitcoin price is shown in USD. However, you can change the Bitcoin chart to Euros, British Pounds, Japanese yen, or Russian Roubles using the currency switcher in the top-right corner of the TokenRadar.io website.
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