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72,491.6USDT
+3.8%
$72,491.6฿1Volume(24H)$307,416,840.72
Today
Low:67731.00
High:70053.60
Yesterday
Low:70870.70
High:73568.60

Market information

Market Cap $1,431,997,728,917.80
Global Volume(24H)$50,965,037,841.02
All-Time Low$0.04865000
All-Time High$73,856
Initial Price$0.0025
ROI
2899663900.00%
Circulating Supply 19,758,587 BTC
Circulation Percentage 94.0885%
Max Supply 21,000,000 BTC
Total Supply 21,000,000 BTC

Price history

Information

Converter

BTC

Project Introduction

BitCoin (BTC) is a point-to-point electronic currency system implemented by Satoshi Nakamoto based on cryptography distributed ledger technology.

Project Vision

In Internet trade, people used to rely on centralized financial institutions to complete the payment of an order. In this process, there are often many restrictions and data is not transparent, facing the risk of tampering. Bitcoin provides a decentralized electronic payment system through distributed ledger technology based on cryptography, realizing transparent and open transaction data storage, traceability and query. At the same time, anyone in the world can participate in it without any region or transaction amount limit.

Market Demand

To provide a decentralized, permissive payment system has long been expected by the public. Before the launch of Bitcoin, there were many different electronic money technologies and products in the world, the earliest origin comes from the issuer based "Ecash" protocol proposed by David Chom and Stefan Blanz. Then came the emergence of digital currencies based on "ecash" protocols, including Adam Baker's "Hashcash," Wei Dai's "B-Money," Nick Saab's "bit-Gold," And Hal Finney's "RPOW" developed on the "Hashcash" technology. In the past implementation, it is often difficult to solve the "Byzantine general problem", and the system faces the risk of centralization.

Solution

Bitcoin system solves the problem of consensus in distributed systems through Pow (Proof of work) algorithm, and the system security can be ensured by more than 51% honest computing power.

Project Implementation Mechanism

In distributed systems, the "Byzantine General problem" has always been difficult to be effectively solved. Bitcoin uses POW (Proof of work) for the first time to determine the consensus problem in the system. Miners by sha256 hash function to calculate the smaller than a certain number of leading zeros hash value, to compete for the rights of the packaging block after block is broadcast and verify, accumulative total six blocks to agree on a deal from the probability, after once you need to need to modify a transaction control in excess of 51% of the entire network to calculate force, that it's almost impossible to achieve in reality.

Token Usage Scenarios

Fees: Bitcoin transfers require a certain amount of processing fees. Payment: Bitcoin, as the most valuable cryptocurrency in the cryptocurrency field, has many followers and is gradually playing the role of traditional currency as a medium of exchange of value. It's worth noting that Bitcoin has been declared legal tender in the Central American country of El Salvador with the same legal status as the U.S. dollar.

Algorithm

1.Ecdsa elliptic curve encryption algorithm to avoid the double flower problem. 2.Pow solves consensus problems in distributed systems. 3. Schnorr signature algorithm is used to replace Ecdsa in Taproot upgrade. Multiple signatures are aggregated into a single signature to optimize the verification and authentication process.

Characteristic

The world's first widely recognized decentralized electronic money system.

Technical Characteristics

Proof-of-work algorithm solves the consensus problem in distributed system and asymmetric encryption avoids double flower attack.

Release Mechanism

Miners package transactions for blocks to complete the bitcoin offering.

Project Highlights

Anonymous, decentralized, peer-to-peer electronic money system.

Competitors

As the representative of the blockchain 1.0 era, bitcoin is designed to limit the uncontrolled use of the network. The Bitcoin stack virtual machine only supports the verification of transactions and is a non-Turing-complete blockchain. After the birth of Bitcoin, Ethereum, founded by Vitalik Buterin in 2004, launched turing-complete Ethereum virtual machine to make smart contracts possible, leading the new development direction of blockchain and gradually becoming its biggest competitor. Later in the bitcoin Taproot upgrade, the introduction of Taproot and Schnorr signature scheme laid the foundation for the emergence of Graftroot. Graftroot provides extended functions for Taproot to support private and efficient proxy scripts under Taproot conditions. The goal is to make trading and creating scripts more flexible to deal with more complex on-chain transactions. Enabling users to create more complex smart contracts significantly improves the availability of Bitcoin and opens the door to new on-chain capabilities for secure and transparent transactions, further increasing bitcoin's growth potential and competitive advantage.

Market Commentary

Bitcoin is an amazing invention. The invention of a new kind of currency through a system programmed into a computer, which has been around for about a decade, is rapidly gaining popularity as a currency, and as a store of wealth, is an amazing achievement.

KOL

Bitcoin's emergence has been backed by entrepreneurs such as Paypal co-founder and billionaire venture capitalist Peter Thiel, who has said that "bitcoin critics have underestimated it... It's like a reserve form of money, it's like gold, it's just a reserve of value. You don't need it to pay." There is also opposition from bankers at traditional financial institutions. Bank of America CEO Brian Moynihan said, "There should be a serious perspective on the anonymous currency policy, because the ability to track money flows is a tool that we use to take terrorism seriously and to counter illicit and illegal behavior."

Project Risk

1. Bitcoin is highly decentralized, resulting in low Transactions Per Second (TPS) and easy network congestion. 2. Pow mining consumes a lot of energy and has been criticized by the government and environmentalists.

Values

As the world's first decentralized electronic currency, Bitcoin has improved many disadvantages of traditional financial institutions. Leading the development of blockchain technology, it is a great innovation and social experiment.

Investment Opportunity

Bitcoin, the most widely known cryptocurrency, is increasingly acting as a traditional currency, becoming digital gold.

Pairs

RankSourcePairPrice24hVolume(24H)Trading PercentUpdated
1Binance1BinanceBTC/USDT
72,702
4.07%$3,613,083,229.63.6273%2024-10-30 00:26:50
2Binance2BinanceBTC/FDUSD
72,502.98
3.93%$3,080,381,642.23.0925%2024-10-30 00:26:11
3CoinW3CoinWBTC/USDT
72,495.32
3.85%$2,732,154,6202.7429%2024-10-30 00:26:45
4Crypto.com4Crypto.comBTC/USDT
72,442.31
3.83%$1,765,921,584.821.7729%2024-10-30 00:26:38
5Crypto.com5Crypto.comBTC/USD
$72,416.01
3.71%$1,732,544,062.851.7394%2024-10-30 00:24:44
6Coinbase6CoinbaseBTC/USD
$72,415.17
3.86%$1,489,748,194.81.4956%2024-10-30 00:24:53
7OKX7OKXBTC/USDT
72,465.6
3.8%$1,133,433,590.181.1379%2024-10-30 00:26:46
8MEXC8MEXCBTC/USDT
72,441.21
3.77%$784,209,227.930.7873%2024-10-30 00:25:25
9Upbit9UpbitBTC/KRW
100,852,000
3.7%$417,337,367.020.4190%2024-10-30 00:18:22
10Gate.io10Gate.ioBTC/USDT
72,442.1
3.78%$408,384,573.620.4100%2024-10-30 00:26:28
11Binance11BinanceBTC/USDC
72,463.56
3.92%$366,191,608.580.3676%2024-10-30 00:26:30
12KuCoin12KuCoinBTC/USDT
72,498.8
3.81%$309,058,042.110.3103%2024-10-30 00:26:34

Trading platform transaction information

Trading Percent

All Exchange
ExchangeVolume(24H)Trading Percent
OKXOKX$1,280,486,168.632.6325%Visit
BinanceBinance$7,145,913,337.6414.6909%Visit
CoinbaseCoinbase$1,489,748,194.83.0627%Visit
BitfinexBitfinex$196,933,117.460.4049%Visit
KrakenKraken$384,851,689.570.7912%Visit
Gate.ioGate.io$408,388,348.650.8396%Visit
KuCoinKuCoin$314,306,392.730.6462%Visit
Crypto.comCrypto.com$3,500,006,886.947.1955%Visit
BitstampBitstamp$329,646,417.840.6777%Visit
BitgetBitget$297,980,649.620.6126%Visit
MEXCMEXC$787,773,486.491.6195%Visit