Bitcoin is the world’s first cryptocurrency and remains the most popular one. Created in 2009 by an anonymous group or computer programmer called Satoshi Nakamoto, Bitcoin is a decentralized digital currency. It lets peers make secure transactions over the Internet through a digital ledger, called a blockchain. Each Bitcoin can be divided into smaller parts, called satoshis. One satoshi equals 0.00000001 of a Bitcoin.
Bitcoin has remained the world’s most popular cryptocurrency because there’s a high demand to buy coins, but there’s a limited supply. There can be only 21 million Bitcoin ever, so its scarcity helps drive its value.
Along with Bitcoin’s limited supply, its long history also makes it an attractive investment. Many investors buy Bitcoin because this crypto currency is a valuable way to diversify. Although Bitcoin prices can be volatile, many investors add it to their portfolios since it offers a chance of getting high returns.
Bitcoin stands out because it is the first ever cryptocurrency and it inspired all other cryptocurrencies. Also, Bitcoin remains popular because it’s the cryptocurrency with the largest network of users.
Bitcoin also stands out due to mining, which was another first for cryptocurrency. Although other cryptocurrencies now require mining, Bitcoin attracts the largest amount of miners worldwide. The demand is so high that Bitcoin mining farms have been put in place because of the competition and power needed.
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