Bitcoin Price in Euros Live, Follow its Evolution Here.

Question 1

Common Myths about Bitcoin

Accepted Answer

One of the most widespread myths about Bitcoin is the belief that bitcoins can be copied and pasted like any digital file, but the reality is that the underlying cryptography in Bitcoin protects its integrity and prevents coin duplication.

Question 2

Environmental Sustainability of Bitcoin Mining

Accepted Answer

There have been concerns about the environmental sustainability of Bitcoin mining due to the high energy consumption it requires. However, studies have shown that a significant percentage of Bitcoin mining uses renewable energy sources, which helps reduce its environmental impact.

Question 3

Total Supply of Bitcoins

Accepted Answer

The total supply of Bitcoins is currently around 18.8 million coins. As new coins are mined through the mining process, the reward per block is halved every 210,000 blocks, ultimately limiting the total supply to 21 million tokens.

Question 4

Difference between Bitcoin and Bitcoin Cash

Accepted Answer

The main difference between Bitcoin and Bitcoin Cash lies in the block size allowed on the network. While Bitcoin Cash has blocks up to 8 MB, Bitcoin maintains blocks of 1 MB. This difference in block size has implications for scalability and transaction speeds.

Question 5

Impact of Bitcoin's Price on Other Cryptocurrencies

Accepted Answer

Bitcoin's price can have a significant impact on other cryptocurrencies due to its dominant position in the market. As the leading cryptocurrency, Bitcoin's price movements are often reflected in the rest of the cryptocurrency market.

Investors and traders often closely follow Bitcoin's price as an indicator of the broader cryptocurrency market's health and direction. Sudden changes in Bitcoin's price can trigger similar movements in other digital currencies.

Question 6

Impact of Bitcoin on the Cryptocurrency Market

Accepted Answer

Bitcoin has had a significant impact on the cryptocurrency market since its creation. Its position as a pioneer in the digital world has set a standard for other cryptocurrencies, directly influencing the market's valuation and perception as a whole.

We update the prices of Bitcoin in Spain in real time.

Bitcoin (BTC)