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‎src/edu.json

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{
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"en": {
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"title": "Blockchain Explained?",
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"markdown": "edu/en/fundamentals/core/blockchains-explained.md"
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"title": "Blockchain Explained?",
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{
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"title": "Importing Wallets",
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{
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"en": {
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"title": "Privacy In Transactions",
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"markdown": "edu/en/fundamentals/transactions/privacy-in-transactions.md"
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"markdown": "edu/en/bitcoin/bitcoin-network/is-bitcoin-stoppable.md"
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"ru": {
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"title": "Decentralization and Security",
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"title": "Is Bitcoin Stoppable",
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"title": "Is Bitcoin Stoppable",
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"title": "Is Bitcoin Stoppable",
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"title": "Is Bitcoin Stoppable",
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"zh": {
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{
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"en": {
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"title": "Economic Principles of Bitcoin",
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"markdown": "edu/en/bitcoin/bitcoin-economics/economics-principles-of-bitcoin.md"
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"markdown": "edu/en/bitcoin/bitcoin-economics/economic-principles-of-bitcoin.md"
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{
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"title": "Advanced Transaction Concepts",
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"markdown": "edu/en/bitcoin/bitcoin-transactions/advanced-transaction-concepts.md"
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{
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"title": "Privacy Features in Bitcoin Wallets",
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‎src/edu/en/bitcoin/bitcoin-economics/bitcoin-as-a-cryptocurrency.md

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# Bitcoin as a Cryptocurrency 💰
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### BTC as the Native Unit
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## BTC as the Native Unit
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Bitcoin (BTC) is the main currency used on the Bitcoin network. It is the **first decentralized digital currency** and is recognized globally as a new form of money. All transactions within the network are settled in BTC, making it the primary unit of value. 🌍
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#### 📊 Scarcity and Practical Supply 📊
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**📊 Scarcity and Practical Supply**
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Bitcoin's fixed supply is capped at **21 million coins**, making it scarce by design. However, the actual number of Bitcoins available is even smaller. Many Bitcoins have been lost due to forgotten passwords or misplaced wallets, reducing the number of coins that can ever be used. It's estimated that about 4 million Bitcoins are gone forever, and a large number of Bitcoins are held by long-term investors who rarely sell. 🔒
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In practical terms, the number of Bitcoins actively traded on exchanges or distributed through mining rewards and ETFs (Exchange-Traded Funds) is much smaller than the theoretical supply. This real-world scarcity makes Bitcoin even more valuable over time. 📈
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#### 🔢 Divisibility and Satoshis
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**🔢 Divisibility and Satoshis**
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Even though Bitcoin is scarce, it's highly divisible. Each Bitcoin can be broken down into 100 million units, known as **Satoshis**. This means you don't need to buy a whole Bitcoin to use it—small fractions can be used for everyday transactions, making Bitcoin accessible to anyone. 🔬

‎src/edu/en/bitcoin/bitcoin-economics/bitcoin-mining.md

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# Bitcoin Mining ⛏️
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#### 🔄 Creation and Circulation
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## 🔄 Creation and Circulation
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Bitcoin mining is the process through which new Bitcoins enter circulation. This involves specialized computers, known as miners, solving puzzles to validate transactions on the Bitcoin network. Successful miners are rewarded with newly created Bitcoin. Every 10 minutes, a new block is added to the blockchain, and the reward is given to the miner who solved the puzzle. ⏱️
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Initially, the reward was 50 BTC per block, but it halves every four years in an event called the **halving**. Currently, the reward is 6.25 BTC per block, and it will continue to decrease until Bitcoin's total supply reaches 21 million. 📉
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#### 🧮 Proof of Work (PoW) and Mining Difficulty
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## 🧮 Proof of Work (PoW) and Mining Difficulty
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Bitcoin operates on a system called **Proof of Work (PoW)**, where miners compete to solve puzzles that require immense computational power. The more miners compete, the harder the puzzles become. The difficulty adjusts every two weeks to maintain a steady flow of new blocks, regardless of how much computing power is added. 💻
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To give an idea of the scale: Bitcoin's network now processes such an enormous amount of computing power that it surpasses even the world's most powerful supercomputers. The computing power behind Bitcoin is greater than anything humanity has built, illustrating the sheer size and security of the network. 🌐
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### 🌍 Global Mining Efforts
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As Bitcoin grew in value, large-scale operations entered the mining space, from energy companies to governments. Mining is no longer limited to individuals but has evolved into an industrial-scale operation. In some countries, like the U.S. and Kazakhstan, Bitcoin mining is now seen as a strategic asset, with renewable energy sources and excess power being used to mine Bitcoin. The involvement of governments and corporations highlights Bitcoin's global importance and shows how it has become intertwined with the energy industry. ⚡
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## ✂️ Halving Events
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Approximately every four years, the reward miners receive for creating new Bitcoin is halved, a process known as a **halving event**. This limits the supply of new Bitcoin and is crucial to Bitcoin's deflationary nature. The first halving occurred in 2012, and the reward has since decreased from 50 BTC per block to the current 6.25 BTC. Halving events ensure that Bitcoin's supply remains scarce over time, increasing its potential value as new Bitcoin becomes harder to earn. 📅

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