Bitcoin News
Bitcoin (BTC) is a titan in the cryptocurrency and blockchain world. After all, it is no secret that Bitcoin (BTC) was the first cryptocurrency. Having pioneered the crypto revolution single-handedly, Bitcoin (BTC) still remains the most respected cryptocurrency in the space.
To highlight, Bitcoin (BTC) made its debut in 2008 when a paper was released under a pseudonym Satoshi Nakamoto on october 31, 2008. This paper explained the basic structure of the Bitcoin network, a network that would change the world as it was known.
In detail, Bitcoin introduces a truly decentralized peer-to-peer network. This network was released on its own over an open-source platform. As more and more users discovered its capabilities and joined its network, demand for Bitcoin (BTC) grew steadily. To maintain deflation, Bitcoin comes with a total supply of 21 million.
Initially, the only way to own Bitcoin was to mine the asset. By mining software and hardware at specified rates, Bitcoin was minted and rewarded to miners running the program. Every four years the Bitcoin network initiated a Bitcoin Halving event. During this time rewards received by miners are halved.
As the years flew by, more time and energy was needed to mine a fewer amount of Bitcoins further fueling demand for the pioneer crypto asset. During this time the price of Bitcoin soared from below $1 to over $72,000. After every Bitcoin Halving event, the price of Bitcoin soars, setting a new all-time high (ATH) every 4 years.
Bitcoin changes lives. So much so that El Salvador adopted Bitcoin as a legal tender within its borders. The country harnessed geothermal energy from its volcanoes to mine more Bitcoin and used Bitcoin profits to improve the lives of its people.
As more altcoins came to rival Bitcoin or improve on aspects it lacked like speed and scalability, Bitcoin too made significant breakthroughs. With technologies like Taproot, Runes, Ordinals, and SATS, Bitcoin continues to match the innovation of other blockchains that rose to compete with it.
Despite all the competition it faces, Bitcoin still remains as an undefeatable champion in the eyes of long-term investors. The asset has continuously outperformed gold, stocks, and real estate. Now, Bitcoin (BTC) is recognized as digital gold and has gained global recognition from financial institutions who now offer Bitcoin in the form of ETFs.
No doubt, the capabilities of Bitcoin (BTC) are still being discovered and Coinbullet will bring news of its every milestone and advancement to our readers. Get the latest Bitcoin News on Coinbullet.