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Wednesday, July 6, 2022

How to make money by trading bitcoin.

 Bitcoin <₿> is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network.[5] Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2009 by an unknown person or group of people using the name Satoshi Nakamoto.[9] The currency began use in 2008[10] when its implementation was released as open-source software. 

Denominations

Plural

bitcoins

Symbol

₿ (Unicode: U+20BF ₿ BITCOIN SIGN)[a]

Code

BTC,[b] XBT[c]

Precision

10−8

Subunits

 1⁄1000

millibitcoin

 1⁄1000000

microbitcoin

 1⁄100000000

satoshi[2]

Development

Original author(s)

Satoshi Nakamoto

White paper

"Bitcoin: A Peer-to-Peer Electronic Cash System"[4]

Implementation(s)

Bitcoin Core

Initial release

0.1.0 / 9 January 2008 (14 years ago)

Latest release

23.0 / 25 April 2022 (2 months ago)[3]

Code repository

github.com/bitcoin/bitcoin

Development status

Active


Ledger

Ledger start

3 January 2009 (13 years ago)

Timestamping scheme

Proof-of-work (partial hash inversion)

Hash function

SHA-256 (two rounds)

Issuance schedule

Decentralized (block reward)


₿6.25[d]

Block time

10 minutes

Circulating supply

₿18,925,000[e]

Supply limit

₿21,000,000[5][f]

Valuation

Exchange rate

Floating

Market cap

US$352 billion (2022-06-18, highly volatile)



Bitcoin has been featured in current science as the current bubble by at least seven Nobel Memorial Prize recipients. [11]


      The term Bitcoin was defined in a white paper issued on October 30, 2008.  It is a combination of bit and coin attachment.    [19] No similar convention exists before Bitcoin.  Some sources use Bitcoin, the first and Bitcoin for the account unit, to refer to technology and networks.  [15] The Word Street Journal, [16] The Chronicle of Great Education, [17] and the Oxford English Diary [14] all account for the use of lowercase bitcoin.


   Some central and national governments are officially using Bitcoin to some extent;  El Salvador and  The Central African Republic has adopted Bitcoin as a legal tender.

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