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New coins are created during the process known as 'mining'.
As compensation for spending their computational resources, the miners receive rewards for every block that they successfully add to the blockchain.
At the moment of Bitcoin’s launch, the reward was 50 bitcoins per block: this number gets halved with every 210,000 new blocks mined — which takes the network roughly four years. As of 2020, the block reward has been halved three times and comprises 6.25 bitcoins.
Mining Bitcoins can be very profitable for miners, depending on the current hash rate and the price of Bitcoin.
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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, t...
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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...
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 (
The most popular wallets for cryptocurrency include both hot and cold wallets. Cryptocurrency wallets vary from hot wallets and cold wallets:
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.
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias
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.
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...
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:
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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