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Posted in Ways to Raise Money on 2023-11-23 23:58:44

Bitcoin is built on a distributed digital record called a blockchain. As the name implies, blockchain is a linked body of data, made up of units called blocks containing information about each transaction, including date and time, total value, buyer and seller, and a unique identifying code for each exchange. Entries are strung together in chronological order, creating a digital chain of blocks. At launch, BTC didn’t have a price tag. It had no monetary value. When Satoshi mined the genesis block first block, 50 BTC went into circulation at $0. Fast forward to November 10, 2021, 12 years later, Bitcoin hit an all-time high ATH of $68,789.63. This was a huge moment for the Bitcoin community and the crypto space as a whole. Needless to say though, the cryptocurrency has gone through many ups and downs over the years before reaching this historical price. In February 2011, for example, bitcoin’s price rose to $1 for the first time. It then climbed to $10 and $30 in the subsequent months. By the end of 2011, BTC was under $5.
what is a btc