With Bitcoin growing in popularity and hitting an all-time high, I decided to create a simple tool to stay up to date with the latest price of bitcoin. Bitcoin Tracker is a new extension to quickly show you the current price of a bitcoin and when opened, the extension will show you a chart of the price over the past 30 days.
Bitcoin continues to grow and has reached its all-time high this month. Its price is now over $37,000. First launched in 2009 as a digital currency, Bitcoin has become the top digital cryptocurrency in the world. Bitcoin is decentralized via a dispersed peer-to-peer network, rather than through a central authority such as a central bank. It does this through the participation of Bitcoin miners. This is anyone who chooses to run software to validate Bitcoin transactions on the blockchain. Typically, these people are actively engaged with cryptocurrency. They are rewarded with bitcoins, more of which are created every ten minutes. But the reward paid to miners halves every four years. Bitcoin miners today earn 6.25 bitcoins for every block mined, down from 50 bitcoins in the early years. This creates an incentive to get involved early, as scarcity increases with time. The maximum and total amount of Bitcoins that can ever exist is 21 million. Currently there around 2 million Bitcoins left to mine with around 900 Bitcoins are mined per day.
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