Bitcoin is a decentralized digital currency, often referred to as a cryptocurrency, that was invented in 2008 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to send and receive payments directly without the need for intermediaries like banks. Transactions are recorded on a public ledger called the blockchain, which ensures transparency and security.
Bitcoin is characterized by its limited supply; there will only ever be 21 million bitcoins mined, which provides a deflationary aspect compared to traditional fiat currencies. It uses cryptographic techniques to secure transactions and control the creation of new units. Unlike traditional currencies issued by governments, Bitcoin is not managed by any central authority, making it immune to government interference or manipulation.
Bitcoin can be used for various purposes, including online purchases, investment, and remittances. Its value is determined by market supply and demand, leading to significant price volatility. As one of the first cryptocurrencies, Bitcoin has paved the way for numerous other digital currencies and has sparked a broader interest in blockchain technology and decentralized finance (DeFi).
Bitcoin is currently below the $97K mark, while altcoins are experiencing significant gains. The resurgence of smaller-cap tokens indicates the potential start of an *altcoin season*. Steem Dollar recently surged over 100%, emphasizing the growth…
XRP is experiencing significant growth, with trading volumes reaching $17 million daily. Legal developments, particularly a potential win against the SEC, could lead to a bullish movement for XRP. PlutoChain ($PLUTO) is a promising Layer-2…
Henrik Zeberg predicts a significant bull run for Bitcoin (BTC) and altcoins, with low risk of a market peak. The current market structure for Bitcoin suggests an upward trend, aiming for higher highs and higher…
Over 3.5 million dormant Bitcoins could potentially be re-accessed due to advances in quantum computing. Current encryption methods, specifically elliptic curve cryptography, may be vulnerable as quantum technology progresses. Inactive wallets, including those belonging to…
Quantum computing could pose risks to inactive Bitcoin wallets, potentially compromising their security. Currently active wallets should implement quantum-resistant measures to enhance security. If dormant wallets, especially Satoshi Nakamoto's, were breached, it could disrupt the…
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