BTC
Bitcoin
Circulating Supply
17,544,512
Explorer
White Paper
EN
Community
/

Bitcoin is one of many cryptocurrencies currently finding its way across the world of business and finance, Bitcoin is a cryptocurrency and was thought of as Internet money in its early beginnings. Unlike fiat currencies Bitcoin is considered a decentralized currency that means that a network of users control and verify transactions instead of a central authority like a bank or a government.

Bitcoin still works like real money one person pays another person for goods and services however once Bitcoin is exchanged, the record of the transaction is publicly recorded onto a ledger known as a blockchain, which other Bitcoin users known as miners verify the transactions in the blockchain via Proof of Work.

After a certain amount of transactions have been verified by a miner, they will receive newly minted bitcoins for their work and thus new bitcoins will be added into circulation, while the number of bitcoins in circulations are now in the multi-millions range, the maximum amount of bitcoins that can ever be created is capped at 21 million. The creation rate is automatically halved every few years as more bitcoins are added into circulation, whilst this system is modeled after gold, mining difficulty is always increasing and makes finding new bitcoins more rare as the number of available bitcoins reaches the 21 million cap.

Details

Max Supply
21,000,000
Circulating Supply
17,544,512
Issue Date
01.11.2008
Issue Price
/
Consensus Protocol
POW
Explorer
Total Supply
17,544,512
Crypto Algorithm
SHA256
White Paper
EN
Type
COIN