Bitcoin News

Bitcoin News

Bitcoin (BTC) is the very first and largest cryptocurrency by market capitalization that was allegedly invented by an unknown group of programmers called Satoshi Nakamoto in 2008. The cryptocurrency has been instrumental in making cryptocurrencies popular among masses with many influencers holding onto the coin in large numbers. The latest Bitcoin news has always seen debates and controversies surround the coin. While some support it in its entirety, some are skeptical about it. One major reason for the aversion is the price of Bitcoin which is subject to extreme volatility.

The interesting bit about Bitcoin is its limited supply which has been capped at 21 million coins. Bitcoin halving event is also one of the important developments in the crypto sphere as with each halving the rewards for mining of the coin becomes halved. This is an interesting strategy adopted by Bitcoin to decrease its supply in the crypto market and keep the demand on the boil. In December 2017, the coin reached its maximum value of around $20,000. However, it wasn’t able to keep up the momentum and lost much of its value subsequently. The market capitalization of the digital coin has surpassed $138 billion and thanks to its craze among people from all walks of life, Bitcoin continues to remain on top of the cryptocurrency ladder. Bitcoin is considered a valuable asset in the crypto market from an investment viewpoint, although the value of the digital coin, like other cryptocurrencies, is quite turbulent. The cryptocurrency works on the principle of blockchain technology which essentially means there is no centralized server to control transactions. Rather, the open ledger technology uses proof of work protocol and electronic signature to provide a safe and immutable transactional experience to users.