All coins

Bitcoin

BTC
Blockchain (Layer 1)Proof of Work (SHA-256)Launched 2009
Max Supply
21.00M
Circulating
19.95M
Launched
2009
Minute-Level Data From
2022-12-28

What it does

Bitcoin is a decentralized peer-to-peer digital currency that enables trustless value transfer without intermediaries. It was created to provide an alternative to traditional financial systems, allowing anyone to send and receive payments globally. Its fixed supply and decentralized nature make it a store of value and medium of exchange.

How it works

Bitcoin operates on a distributed blockchain where transactions are grouped into blocks and validated by miners using Proof of Work. Miners compete to solve computationally intensive SHA-256 hash puzzles; the winner adds the next block and earns the block reward. Every 210,000 blocks (~4 years), the block reward is halved, reducing new supply issuance. Nodes maintain a full copy of the blockchain and enforce consensus rules, ensuring no single entity can alter the ledger. Transactions are signed with private keys using elliptic curve cryptography (ECDSA), ensuring only rightful owners can spend funds.

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Problem it solves

Bitcoin solves the double-spend problem for digital money without requiring a trusted central authority. It enables permissionless, censorship-resistant value transfer across borders. By capping supply at 21 million BTC, it provides protection against inflation inherent in fiat currency systems.

Key Differentiator

The original, most battle-tested, most liquid, and most widely held cryptocurrency with a provably fixed 21M supply cap secured by the largest PoW network in existence.

Tokenomics

Supply Model
Deflationary (Fixed cap)
Halving
Every 210,000 blocks (~4 years); last halving April 2024 reduced reward to 3.125 BTC; next halving ~2028
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Ecosystem

Chain: Bitcoin (own Layer 1 blockchain)
Depends on: Global miner network security, node adoption, halving schedule, regulatory environment
Influences: Entire crypto market sentiment, altcoin prices, institutional crypto adoption, stablecoin demand

Similar Projects

Sources

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Supply figures and project details are approximate and may not reflect the latest changes. Always verify from official sources before making decisions. This information is for educational purposes only β€” not financial advice.