Kryptopriser -One Million Pixels
pixels
One Million Pixels
NOK 0.000043
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24h: -7d: 1.72%30d: -18.80%1y: 0.00%
NOK 0.000043
Bitcoin (BTC) is a decentralized digital currency, often considered the first successful cryptocurrency. Launched in 2009 by an anonymous entity known as Satoshi Nakamoto, it operates on a peer-to-peer network without the need for intermediaries like banks.
Bitcoin utilizes a technology called blockchain, a distributed public ledger that records all transactions. New bitcoins are introduced into circulation through a process called "mining," where powerful computers solve complex mathematical problems to validate transactions and add new blocks to the blockchain. This process also secures the network.
The total supply of Bitcoin is capped at 21 million coins. To manage inflation and maintain scarcity, Bitcoin undergoes "halving" events approximately every four years. During a halving, the reward for mining new blocks is cut in half, reducing the rate at which new bitcoins are created.
Primarily, Bitcoin functions as a store of value and a medium of exchange. Its decentralized nature and limited supply have led to its adoption as "digital gold" by some, while others use it for online transactions and remittances across borders.