Hello People all over the World, as in my previous posts, I had talked about ETH, which is also a digital cryptocurrency and comes after Bitcoin, BTC.

So, in this post, I will discuss of What is Bitcoin, BTC ?

1- What is Bitcoin (BTC) ?

Bitcoin is the first cryptocurrency which had first introduced the world to the term called digital currencies that is cryptocurrencies.

It is the first cryptocurrency that is widely accepted and used for transactions in Web 3 internet, when Web 3 internet is on its beginner developing state. Because of it's not knowing to anyone else, and it is discovered much later, only smaller group of people from all over the world are able to first try it. Now, as day by day, everyone are heading to learn about Metaverse, Web 3 internet, it is also spreading to large populations, already had done its popularity by now.

2- Who developed Bitcoin (BTC) ?

 Developer of biggest and popular cryptocurrency in the bitcoin blockchain network is still unknown by date. Many had claimed that it was a person whose name was Satoshi Nakamoto who in somewhere between these years, 2008 and 2009 brought the name of Bitcoin to the world, but this is just a reassumed name and it was taken after the name of smallest cryptocurrency Satoshi. The Satoshi to Bitcoin ratio is 100 million Satoshis to one bitcoin, which means together on adding 100 million Satoshis makes the value of 1 Bitcoin (BTC). This person was also considered to write and authorize Bitcoin database and its whitepaper to its blockchain.

3- What it's market value ? 

The maximum supply of Bitcoin that is according to it's database by  that unknown person is only peak at 21 million Bitcoins (BTCs). As, for all the  crypto assets price and market price of the any product, Bitcoin price is much lower at the start when people who own it mined to the network according to its gas fees, which is also less at that time, but as soon passing years, its price is increased to much highest peek of $1.2 trillion in November 2021. So, if any person had brought some Bitcoins 10 years past in small quantity, its price is much more with respect to current date, and that person might became millionare. From current point of view, Bitcoin value is significantly much higher and it lists itself amongst first position in the chart of top 5 currencies throughout the past years.

Here is a chart by market cap of Top 5 Cryptocurrencies in last 5 years which proves that Bitcoin ranks 1 in the list : -

So, this is all about Bitcoin. Hope you liked it.

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Thank you for reading.

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