bitcoin is getting real | BTCC Knowledge

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Is bitcoin real?

Well, Bitcoin is certainly real. But I understood what the person meant: Am I a true believer, a crypto crazy? Do I think Bitcoin is going to replace the U.S. Dollar?

What is bitcoin and how does it work?

What is Bitcoin? Bitcoin is the first and most widely recognized cryptocurrency. It enables peer-to-peer exchange of value in the digital realm through the use of a decentralized protocol, cryptography, and a mechanism to achieve global consensus on the state of a periodically updated public transaction ledger called a 'blockchain.'

How is bitcoin mined?

And it isn't issued from the top down like traditional currency; rather, bitcoin is "mined" by powerful computers connected to the internet. How does one 'mine' bitcoin? A person (or group, or company) mines bitcoin by doing a combination of advanced math and record-keeping. Here's how it works.

How much is a bitcoin worth today?

Assuming this total remains stable, if Bitcoin were to achieve 15% of this valuation, its market capitalization in today's money would be approximately $3 trillion. With all 21 million bitcoins in circulation, that would put the price of 1 bitcoin at roughly $143,000.

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