Earn bitcoin

Bitcoin, the first and most valuable cryptocurrency, has grown from a fringe experiment into one of the hottest tickets in global finance. As of November 2021, the combined worth of all bitcoins was more than $1 trillion, exceeding the market capitalizations of some of the world's most valuable companies — such as Tesla, Berkshire Hathaway, and Facebook parent Meta.

Bitcoin, also known as BTC, is unlike any other asset to have attained such heights. Rather than representing a share of a company, a bitcoin is a unit of digital currency whose value can fluctuate widely. And it is underpinned not by the economic fundamentals of a company or a national bank, but by an encrypted ledger of digital transactions jointly maintained by thousands of computers.

You don't have to be an expert to understand how bitcoin works. While the underlying "blockchain" technology can get quite complex, it's not hard to grasp the basics. Here are some things you should know.

BTC definition: What is bitcoin?
Bitcoin, launched in 2009, is decentralized digital cash that eliminates the need for intermediaries like banks and governments, using instead a peer-to-peer computer network to confirm purchases directly between users.

Fiat money (like the U.S. dollars in your bank account) is backed and regulated by the government that issues it. Bitcoin, on the other hand, is powered through a combination of networking technology and software-driven cryptography, the science of passing secret information that can only be read by the sender and receiver. This creates a currency backed by code rather than items of physical value, like gold or silver, or by trust in central financial authorities.

The price of one bitcoin has grown substantially. In April 2011, the price was $1. By the fall of 2021, it was setting all-time highs above $65,000.

» How much is bitcoin worth? Check the current price to buy bitcoin:

Data is pulled from Google Finance and may be delayed up to 20 minutes. Information is solely for informational purposes and not for trading purposes or advice.
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