Bitcoin(BTC) Price

Bitcoin was created by Satoshi Nakamoto, a pseudonymous figure (or group) whose real identity remains unknown to this day. Satoshi published the Bitcoin whitepaper in October 2008, titled “Bitcoin: A Peer-to-Peer Electronic Cash System”, and mined the first block of the Bitcoin blockchain (known as the genesis block) on January 3, 2009.

Satoshi’s motivations were clear: create a currency that would operate outside the control of central authorities, resistant to inflation and censorship. After a few years of development and discussion with early contributors, Satoshi gradually disappeared from public communication by 2011, leaving the protocol in the hands of the growing Bitcoin community.

At the core of Bitcoin lies the blockchain - a public, decentralized ledger that records all transactions in chronological order. Each block contains a batch of validated transactions and links to the previous one, forming an immutable chain.

No single entity controls Bitcoin. Instead, thousands of independently operated computers (called nodes) around the world maintain and verify the blockchain’s data in real time.

Bitcoin uses a mechanism called Proof of Work (PoW) to reach consensus. This system prevents fraud and double-spending without requiring a central authority.

One of Bitcoin’s most important features is its limited supply. Only 21 million BTC will ever exist. This finite cap creates scarcity, which many believe contributes to Bitcoin’s long-term value proposition as a deflationary asset.

Roughly every four years, Bitcoin undergoes a halving that reduces mining rewards. These events slow down the rate of new BTC issuance and are often followed by increased price speculation and market activity.

Bitcoin mining is the process by which new bitcoins are created and transactions are added to the blockchain. Miners use powerful computers to solve complex cryptographic puzzles. The first miner to solve the puzzle validates the block and earns a reward in newly minted BTC plus transaction fees.

Initially, miners earned 50 BTC per block. However, the reward is cut in half approximately every four years during an event known as the halving. As of 2025, the reward stands at 3.125 BTC per block.

Digital Store of Value - Bitcoin has earned the nickname “digital gold” due to its scarcity and long-term value preservation. It’s often used as a hedge against inflation or economic instability.

Borderless Transactions - Bitcoin enables near-instant global payments without the need for banks or money transfer services. This makes it popular for international remittances, especially in underbanked regions.

Financial Sovereignty - Bitcoin empowers individuals to control their own wealth, free from censorship, capital controls, or central authority oversight.