![]() 25, 2023, a single Bitcoin’s price was around $27,439. In May 2016, you could buy one Bitcoin for about $500. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.īitcoin’s price has skyrocketed as it’s become a household name. ![]() As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency.
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