So the total supply of Bitcoin cryptocurrency till today is 19,741,078 BTC and the maximum supply is 21,000,000 BTC. There is a limit in the software that generates Bitcoin of 21,000,000 after which it will stop mining the crypto coin.
Current price of the coin is approximately $59,227. Since the market is ever-changing, this price keeps on increasing and decreasing which is updated on a daily basis.
In the future, cryptocurrency digital currency will be used but it must be under the governance of right standards and regulations. This will digitize and decentralize the trades. The companies today are not able to pay their present liabilities which are causing liquidity problems.
Consumers will have easy access in the future to financing helping them with microlending. Moreover, the financial participation has improved in various nations in the world. And because the transactions are all documented digitally, this cryptocurrency market will be able to address the tax fraud issues.
With the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in India, the development of the cryptocurrency market is foreshadowed. This means that there is potential in the industry for development in the future.
There are various other cryptocurrencies that are doing pretty well in the market. These crypto coins include Ethereum, Tether, BNB, Solana, USDC, etc.
Bitcoin and Ethereum being the top two most popular cryptocurrencies are bound to be compared. Both these crypto coins are similar in so many ways. Ether is built on the Ethereum network and is the second largest cryptocurrency by market capitalization.
We learnt about the Bitcoin tokenomics, Bitcoin supply, and the cryptocurrency market news. Now, we will take a look at the crypto coin comparison for these two popular coins:
Both Ether and Bitcoin are digital currencies that are traded on exchanges and stored in various cryptocurrency wallets. On one hand, Bitcoin is basically an alternative to fiat currency, whereas, on the other hand, Ethereum is intended for decentralized applications and smart contracts.
In Bitcoin, there is Proof of Work whereas in Ethereum, there is Proof of Stake. Proof of Work is a nation-wide competition for solving cryptographic problems before the confirmation and sealing of transactions by the network. Proof of Stake, in the cryptocurrency market means interconnecting upgrades making Ethereum safe, secure, and sustainable.
Bitcoin is listed on various cryptocurrency exchange platforms that include:
CoinBase - American trading company operating a cryptocurrency exchange platform.
Kraken - Based out of San Francisco, California with a crypto exchange platform created in 2011.
Crypto.com - Established in 2016 with the aim to offer a cryptocurrency exchange platform based in Singapore.
Binance.US - One of the world’s largest crypto exchange platforms founded in 2017.