Complete list of startup schemes and grants in Singapore
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The Bitcoin (BTC) is the world’s first decentralized digital currency, launched in 2009 by an anonymous entity known as Satoshi Nakamoto. Unlike traditional currencies, Bitcoin operates on a blockchain network, a distributed ledger technology that records transactions transparently and securely. Bitcoin is not controlled by any central bank or government, making it a decentralized, peer-to-peer financial system. Transactions are verified by a process called mining, where computers solve complex mathematical problems to secure the network and release new bitcoins into circulation. The total supply of Bitcoin is capped at 21 million coins, making it a deflationary asset. This scarcity has contributed to Bitcoin’s value appreciation over time, with many referring to it as "digital gold." Bitcoin’s price is highly volatile, driven by factors such as market demand, regulatory developments, technological advancements, and macroeconomic conditions.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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