Coin of the Week  – Bitcoin

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  • November 19, 2020
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19 November 2020.

Bitcoin continued its rally and gained a lot of value over the past few weeks. It is currently trading at $17,473.79 and is up by 6.69% against the US Dollar over 7 days and incredible 45.97% over 30 days.

  • Volume of Bitwise verified exchanges (last 24 hours): $4,650,451,798.09
  • Active Addresses (7 day average): 1.02937M

Bitcoin is the first distributed consensus-based, censorship-resistant, peer-to-peer payment settlement network with a provably scarce, native currency.

Bitcoin (BTC), the native asset of the Bitcoin blockchain, is the world’s first digital currency that doesn’t use a central bank or administrator. The Bitcoin network is an emergent decentralized monetary institution that exists through the interplay of an ecosystem of nodes, miners, and developers.

It is set by a social contract that is created and opted into by the users of the network and hardened through game theory and cryptography. Bitcoin is the first, oldest, and largest cryptocurrency in the world.

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