![]() Like most other cryptocurrencies, the Bitcoin network works as a public ledger. In addition to being the first among the current digital currencies, Bitcoin is also seen by many as being the most secure crypto network, largely due to its wide mining network and Bitcoin’s steadfast commitment to proof-of-work as its consensus method to validate transactions. While today’s crypto market offers thousands of other cryptocurrencies, Bitcoin still stands in a league of its own, topping the charts with the largest market capitalization and the best name recognition worldwide. Many predict new all-time highs yet to come, while others are more bearish on Bitcoin’s future. ![]() By 2022, BTC had reached an all-time high approaching $70,000. In its early days, Bitcoin traded for a fraction of a penny. After falling down into the $15,000 range during the FTX fallout, BTC has traded in a range up to nearly twice that price in 2023.īitcoin is a peer-to-peer electronic cash system, as described in the now-famous Bitcoin white paper. Created in 2009, Bitcoin was the first of today’s cryptocurrencies, later giving inspiration to projects like Ethereum and thousands of other crypto projects. BTC sees its price double from recent lows.About 1 million Bitcoin wallets now hold 1 BTC or more.Bitcoin Ordinals (NFTs) and BRC-20 tokens open up new ways to use the Bitcoin network using inscriptions, a recent innovation that allows data storage on the Bitcoin blockchain.
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