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What is Bitcoin?

Bitcoin is a consensus network that enables a new payment system and completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. The creator, Satoshi Nakamoto, wrote the original white paper in November 2008 and the Bitcoin network came into existence in January of 2009.

Bitcoin Details

Market Cap $123,125,270,931
Reported Volume 24H

Reported Volume calculates volume from all exchanges with market pairs, but due to factors such as wash trading, it is considered an unreliable metric.

Circulating Supply 18,303,662 BTC
Total Supply 18,303,662 BTC
Inflation Max Supply (21M BTC)
First Announced January 3, 2009

Bitcoin Technical Details

Blockchain Own Blockchain
Consensus Proof of Work (PoW)
Block Time 10 minutes
Algorithm SHA256

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