How it started? A little background about Bitcoin!
Bitcoin is first decentralised cryptocurrency in the world. Bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation
As a decentralized system, bitcoin operates without a central authority or single administrator,[63] so that anyone can create a new bitcoin address and transact without needing any approval.[7]: ch. 1 This is accomplished through a specialized distributed ledger called a blockchain that records bitcoin transactions.
The blockchain is implemented as an ordered list of blocks. Each block contains a SHA-256 hash of the previous block, chaining them in chronological order. The blockchain is maintained by a peer-to-peer network. Individual blocks, public addresses, and transactions within blocks are public information, and can be examined using a blockchain explorer.
Nodes validate and broadcast transactions, each maintaining a copy of the blockchain for ownership verification. A new block is created every 10 minutes on average, updating the blockchain across all nodes without central oversight. This process tracks bitcoin spending, ensuring each bitcoin is spent only once. Unlike a traditional ledger that tracks physical currency, bitcoins exist digitally as unspent outputs of transactions
How to invest or buy a Bitcoin?
Now, buying an entire bitcoin will cost a truck full of money so most people buy some portions of it. You can invest in Bitcoin just like any other stocks. There are dedicated cryptocurrency tools which helps us maintain our crypto portfolio.
After almost 16 years, Bitcoin Reaches 100K Milestone, right after Trump comes back to ruling USA.
In the above chart you can see how the graph raises exponentially and takes Bitcoin to 100K milestone.
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Read more at: https://www.reuters.com/technology/bitcoin-tops-100000-optimism-over-trump-crypto-plans-2024-12-05