Bitcoin Price Today 23 MAY

BTC Price today was at $30316.60 this was a slightly increased 0.18% in the last 24 hrs

the extreme volatility in the cryptocurrency market is seemingly cooling off

with its value remaining flat over the past few days as major coins have not been showing much movement

This comes days after the cryptocurrency market took a huge plunge , with crypto coins losing as much as 30 % of their value in a single day

What is bitcoin mining

1

Bitcoin mining is the process of making computer hardware do mathematical calculations for the Bitcoin network to confirm transactions and increase security. As a reward for their services

2

miners can collect transaction fees for the transactions they confirm along with newly created bitcoins. Mining is a specialized and competitive market where the rewards are divided up according to how much calculation is done

3

Not all Bitcoin users do Bitcoin mining, and it is not an easy way to make money. It consumes a lot of electricity

Blockchain technology is the technology that allows bitcoin, a peer-to-peer, decentralized, pseudonymous, anonymous, and open-source virtual currency, to function.

what is blockchain technology