Bitcoin (BTC) price today is $7,918.00, Bitcoin (BTC) charts, Bitcoin (BTC) marketcap, Bitcoin (BTC) price history, Bitcoin (BTC) exchange, Bitcoin (BTC) trading volume & more

 

Bitcoin price today, Bitcoin trading volume, Bitcoin market cap live, Bitcoin rank today

 

  • bitcoin
    Bitcoin (BTC)
  • Live Price
    $7,918.00
  • 24h %
    -0.95%
  • Market Cap
    $140.16 B
  • Volume
    $23.45 B
  • Available Supply
    17.72 M BTC
  • Rank
    1

 

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Bitcoin explained in simple terms - Bitcoin price live, charts, market cap & more

bitcoin explained in simple words

Before diving into "how to buy bitcoin with USD instantly at the live price".

Let me first share a light on bitcoin currency in a few and simple words.

Bitcoin currency is a peer to peer system for online payments.

That do not require any third party control like central government and central banks.

Bitcoin is a global payment system which allows people to send or receive money across the internet without any identity.

Money can be exchanged without being linked to a real identity, and the mathematical field of cryptography is the core field which keeps Bitcoin secure.

It was invented by Satoshi Nakamoto in the year 2008 that’s why the unit of Bitcoin is named after it's inventor as Satoshi.

But sadly nobody knows who is this Satoshi Nakamoto.

Never seen and heard of (him or her) before the invention of Bitcoin currency nor after the invention of Bitcoin currency.

Bitcoin crypto is organized through a network known as blockchain, which in common analogy we can say the complete history of your banking transactions at one place.

Just replace banking transactions with Bitcoin transactions in case of Bitcoin blockchain technology.

Bitcoin is created by a one-word process called mining ( of course here hex and shovels are not used) rather in case of Bitcoin mining there are large chunks of computers and the software carried out the process of mining

Bitcoin mining is the computer process of recording and verifying information or data on the digital record called the blockchain.

Bitcoin mining is like solving a complex math problem.

In bitcoin mining, this task is carried out by computers to solve that complex math problem.

Bitcoin miners are the people who verify and process the data.

In return for their work miners are rewarded with a small amount of bitcoin which is the transaction fees paid by us when we make a Bitcoin transaction.

The group of miners who first solves the math problem is rewarded by 12.5 newly mined Bitcoins.

Every bitcoin transaction is recorded and verified on a public, digital record.

There are over thousands of people working simultaneously to keep a correct and identical record of the transactions.

This reduces the risk of any single person or group manipulating the data and ensures Bitcoin transparency and security.

Bitcoin crypto has many advantages over fiat currency like USD, EURO, INR, AUD...

Unlike fiat currency, Bitcoin crypto has no limitation in transaction size.

There is no risk of having your identity stolen since you doesn't require to link any identification document.

Bitcoin crypto is not prone to inflation Bitcoin transactions can’t be reversed, blocked, censored, and altered as it is not controlled by any third party like central government or banks.

 

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Compare Bitcoin price live & Bitcoin trading volume (24 h) on the Bitcoin Exchange

 

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Bitcoin price history,  Bitcoin volume history,  Bitcoin market cap history

 

Date Price Volume MarketCap

 

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