What's good Friends.
With anything, there has to be something that is the first. 530 million years ago during the Cambrian explosion, fish started to grow spinal columns and potentially emerged from the oceans. This led the evolution of what is now humanity. Like our fishy forefather friends, climbing out of the primordial soup that is traditional fiat currency, Bitcoin was the first digital asset to grow legs and kick start a revolution.
Today let's take a look at this currency (*property?) and talk about what is.
We are not financial advisors, this article is not an endorsement for the token or project but rather an informational article for entertainment purposes only. Cryptocurrency has a lot of inherent risk. You should never invest more in your willing to lose. Please do your due diligence and research before making any investments.
| . | . |
|---|---|
| MARKET CAP | $240.28 B |
| VOLUME | $9.967 B |
| VOL/MCAP | 4.15% |
| ALL TIME HIGH | $20089.00 |
| Max Supply | 21,000,000.0 |
| Algorithm | SHA-256 |
| Proof Type | PoW |
| Start Date | 03/01/2009 |
| DifficultyAdj. | 2016 blocks |
| BlockRR. | 50% |
| BlockNo. | 653,896.0 |
| Network H/s | 143,148,691,114.5 |
| Current Supply | 18,524,350.0 |
| Block Reward | 6.3 |
It's parent or parents are shrouded in mystery, the only clue we have is the name "Satoshi Nakamoto". This token started around 2009 when it was initially released as open source software and started to shake financial institutions at their roots.
Bitcoin brought with it a crazy idea of no centralized bank, a financial system based around cryptographic numbers and decentralized ledgers based on block chains promoting radical transparency.
Both praise and criticize, this currency is shaping the modern world of finance and our online digital lives... Also, the reason why we are here today on HIVE.
One can argue the three driving forces behind the value of bitcoin is, the cryptocurrency demand, technical factors, and peoples risk-taking appetite as opposed to rewards.
But why do people get excited about BTC? Well a $10,000 investments in 2015 would have netted you close to half a million today, and that is a sizable return. Currently, it has a trading velocity that is six times that of the US dollar and is more widely circulated than the British pound.
It's hard to speculate on what the price of this token will move to, the critics say that in 2021, it will drop to $1000, while the supporters say it will reach up to $100,000. With such a spread there is high risk, but this creates appeal and excitement.
Either way, the underlying technology of Bitcoin, this is Block chain and decentralized ledgers is being implemented into almost every facet of our society and will truly shape the next century of finance.
Let us know in the comments below!
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