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How much is a bitcoin?

   Release date: 2021-02-26     Source: How much is a bitcoin     Hits: 432     Comment: 0    
Note: How much is a bitcoin?This is probably the most valuable currency.The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to th

How much is a bitcoin?


This is probably the most valuable currency.


The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system.


Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass production. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has scarcity.


How much is a bitcoin?


On February 16, 2021, the price of bitcoin exceeded $50000. On February 20, 2021, the total market value of bitcoin broke through the $1 trillion mark.

On February 22, 2021, the price of bitcoin exceeded $58000 per coin.

On the evening of February 22, 2021, bitcoin's decline widened due to the counterattack of short selling funds. It once fell below US $48000 / piece, with a decline of nearly 17%. Subsequently, long funds quickly began to bottom, in half an hour, bitcoin fell from 17% to 6%.


According to coin gecko, as of 0:00 on February 23, Beijing time, bitcoin was at $52878.42 per coin, down 9% in 24 hours.

Musk: money is just data, so we can avoid the inconvenience of barter. This data, like all data, has delays and errors. So, bitcoin and Ethereum really seem to be high.


 
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