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What Makes Bitcoin Unique?
Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market.
It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives.
The entire cryptocurrency market is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.
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What is Bitcoin (BTC)?
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias
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New coins are created during the process known as 'mining'.
As compensation for spending their computational resources, the miners ...
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Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.
EDWARD ARTHUR SEYKOTA
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Where Can You Buy Bitcoin (BTC)?
Bitcoin is almost synonymous with cryptocurrency, which means that you can buy Bitcoin on virtually every crypto exchange - both for fiat money and other cryptocurrencies. Some of the main markets where BTC trading is available are:
- ...
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What is Bitcoin’s Role as a Store of Value?
Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value.
In other words, it provides for ownership rights as a physical asset or as a unit of account. Many crypto enthusiasts...
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How is the Bitcoin Network Secured?
Bitcoin is secured with the SHA-256 algorithm, which belongs to the SHA-2 family of hashing algorithms, which is also used by its fork Bitcoin Cash (
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Crypto Wallets
The most popular wallets for cryptocurrency include both hot and cold wallets. Cryptocurrency wallets vary from hot wallets and cold wallets:
- Hot wallets are able to be connected to the web. Some of the top crypto hot wallets include Exodus
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How Much Bitcoin is in Circulation?
At this moment (Monday, May 24, 2021), there are almost 18,713,700 BTC in circulation.
Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins.
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What is the Lightning Network?
The Lightning Network is an off-chain, layered payment protocol that operates bidirectional payment channels which allows instantaneous transfer with instant reconciliation. It enables private, high volume and trustless transactions between any two parties.
The Lig...
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Who are the founders of Bitcoin?
Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2020, the true identity of the person — or organization — that is behind the alias remains unknown.
Over the years a large number of people have contributed to improving the cryptocurrency’s sof...
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How Much is Bitcoin?
The current valuation of Bitcoin is constantly moving, all day every day. It is a truly global asset. From a start of under one cent per coin, BTC has risen in price by thousands of percent to the numbers.
The prices of all cryptocurrencies are quite volatile
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MORE LIKE THIS
Where Can You Buy Bitcoin (BTC)?
Bitcoin is almost synonymous with cryptocurrency, which means that you can buy Bitcoin on virtually every crypto exchange - both for fiat money and other cryptocurrencies. Some of the main markets where BTC trading is available are:
- ...
What Makes Terra Unique?
Terra stablecoins offer seamless cross-border value exchange and instantaneous swaps between one another, all while employing instant settlement and extremely low fees for use by anyone, anywhere.
- Terra seeks to set itself apart through its use of fiat-pegged stablecoi...
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