Bitcoin
| Last updated | 11 hours ago |
| Price per BTC in USD | $ 112459.6030004 |
| Price per BTC in Bitcoin | 0 |
| Volume over the last 24 hours | $ 25,322,611,026 |
| Market cap in USD | $ 2,242,461,352,768 |
| Change in % over the last hour | -0.0209265 |
| Change in % over the last 24 hours | 0.73543928 |
| Change in % over the last 7 days | 4.27034011 |
| Block chain updated | 21 hours ago |
| Block height | 920802 |
| Difficulty | 146716052770107 |
| Current supply | 19939210.75862 |
BTC specifications
| Name | Bitcoin |
| Symbol | BTC |
| Minable | Yes |
| Algorithm | SHA-256 |
| Prooftype | PoW |
| Block explorer | BTC block explorer |
Coin description
Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, allowing users to send and receive payments without intermediaries like banks. It uses the SHA-256 cryptographic algorithm and relies on a proof-of-work consensus mechanism, where miners solve complex mathematical puzzles to validate transactions and secure the network. Bitcoin is often referred to as "digital gold" due to its fixed supply of 21 million coins, which ensures scarcity and long-term value retention.
Bitcoin Mining and Security
Bitcoin mining requires specialized hardware known as ASICs (Application-Specific Integrated Circuits), making it highly competitive. The blockchain ensures transparency and immutability, making Bitcoin a trusted store of value and medium of exchange. Its decentralized nature has sparked global adoption, positioning it as a pioneer in the cryptocurrency space. Additionally, Bitcoin's robust security model, supported by its large network of miners, makes it resistant to attacks, ensuring the integrity of the system even as it scales.
One of Bitcoin's most significant contributions is its role in challenging traditional financial systems. By eliminating intermediaries, Bitcoin empowers individuals to have full control over their funds, fostering financial sovereignty. This has led to widespread adoption in regions with unstable currencies or limited access to banking services, further solidifying its position as a transformative force in the global economy.