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Author: Admin | 2025-04-27
What Is Bitcoin (BTC)?Bitcoin is a decentralized cryptocurrency that offers anonymous, fast, and convenient payments. Introduced in 2008, it became the stimulus for the development of new digital assets.Bitcoin price today is $84,447.00.Bitcoin Brief HistoryProject WhitePaper which described protocol and a new kind of peer-to-peer payment system was developed in October 2008.The first cryptocurrency transfer took place on January 12, 2009. In the fall of that year, the first cryptocurrency-to-fiat exchange site, New Liberty Standard, was created. At that time, 1 BTC to USD exchange rate was $0.00076392443 per coin.In December 2010, Satoshi made the last changes in the code and disappeared. By that time, according to the calculations of developer Sergio Lerner, he had already minted about 1 million coins.The next round of Bitcoin development is associated with numerous hard forks, including:Bitcoin Classic - in 2016, the fork led to the emergence of BXC. Its goal was to increase throughput by expanding the maximum block size to 2 MB. In 2021, the network is still running but supported by only one node.Bitcoin Cash - this hard fork on August 1, 2017, led to the emergence of a new BCH coin, which is one of the most successful updates to the protocol.Bitcoin Gold - on October 24, 2017, a new algorithm for mining Equihash coins was implemented. The coin is traded under the ticker BTG.Over 3,000 protocol changes have been proposed, but the community has only approved a fraction of them.Bitcoin Price ChangesThroughout its history, Bitcoin’s price has experienced a number of significant spikes and crashes. Bitcoin bear markets are nothing new. During its existence, BTC price has declined no less than 5 times during crypto market recessions, following which the first digital cryptocurrency always doubled in price. In April 2022 BTC suffered a notable correction after speculation on government regulation and an economic shakeup. Another reason, according to experts, was an electricity blackout in the Xinjiang region in China. This unexpected development led to a decline in the Bitcoin hashrate - how many Bitcoins are being mined – and potentially spooked investors into selling their assets. However, Bitcoin has not seen a full-blown recession since it was launched as a response to the 2008 global financial crisis. Many still believe that crypto moves in cycles, and we are witnessing yet another one before its price skyrockets again. Many experts predict that BTC will surpass the $100,000 level and reach $120,000 by 2030, while other estimate that its price will go beyond $150,000 already by 2025.Bitcoin FeaturesThis cryptocurrency has the following pros:Bitcoin transfer fees are either small compared to other currencies or none at all.Transfers have no restrictions. It doesn't matter where the person making the transaction is located. All you need is the Internet.The reliability of the system is superior to any other system, mostly because Bitcoin cannot be counterfeited.No taxes are levied on Bitcoin transactions.You can get Bitcoin in several ways:Purchasing on an exchange.Mining.Through ATMs.How to Mine Bitcoins? Mining is one of the most frequent ways of getting
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