Cryptocurrency and blockchain technology is now known worldwide. If when Bitcoin was created, no one knew about it, then now there’s probably no person who would not hear about it at least once.
What are bitcoins? It is the first cryptocurrency created by a group of developers or one developer named Satoshi Nakamoto. The emergence of Bitcoin pushed the development of the whole industry. Now there are more than 19,000 digital assets in the world. Numerous crypto platforms operate in the market, allowing different transactions with cryptocurrencies such as:
- p2p exchange
- spot market
- futures trading
- margin trading
Bitcoin ranks first on all crypto rates because it has the biggest market capitalization and liquidity. Indeed, BTC remains liquid even on a downtrend. The purpose of buying BTC is long-term investments, for this asset has proved to be the most promising and dominant crypto that shows stable growth in the long term.
What Is In The Core?
Bitcoin blockchain runs on the proof-of-work consensus algorithm. It means that to receive one BTC, complex math puzzles are solved by high technological computers. Those computers are placed worldwide, and anyone can become a miner. Miners receive rewards for each block added to the blockchain. There is competition between miners – each of them tries to be the first to create a new block. The rewards come in BTC. The mining process becomes increasingly complex, which means the complexity and power of equipment needed to create BTC are also increasing. It means miners need more expensive and advanced computers.
If you want to purchase BTC, you will find it on any crypto exchange, for example, WhiteBIT. Today (mid-July 2022), the pair BTC USDT is traded at $19,821. So the price has dropped during this bull trend, and this is the perfect opportunity to buy BTC for the long term and wait until the market trend changes.