WOO
Current price
$0.0111
−10.02%24h
LiveUpdated 34s ago
TodayWOO drops 10.0%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour0.00%
- 24 hours−10.02%
- 7 days−11.45%
- 30 days+2.58%
- 1 year−74.39%
WOO's move in context
Lagging the market today
−10.02% today against −3.26% for the market as a whole, a gap of 6.8 points. A gap this wide suggests something specific to WOO may be moving it, not just the market mood.
Trend has turned
−11.4% over 7 days and +2.6% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About WOO
Overview
Bitcoin is the first and most well-known cryptocurrency, created in 2009 by an anonymous entity known as Satoshi Nakamoto. Its primary purpose is to provide a decentralized form of currency that allows for peer-to-peer transactions without the need for intermediaries such as banks or financial institutions. The core mission of Bitcoin is to enable financial freedom by empowering individuals with control over their own money, promoting a more inclusive financial system. Bitcoin distinguishes itself through its limited supply of 21 million coins, with mining rewards halving approximately every four years, which protects it against inflation. Its decentralized nature, secured by a vast network of miners, ensures that no single entity has control over the currency or its transactions.
Technical Features
Bitcoin operates on a proof-of-work (PoW) consensus mechanism, which requires miners to solve complex mathematical problems to validate transactions and add new blocks to the blockchain. This security model makes the network resistant to attacks and ensures that transactions are irreversible. The Bitcoin network is defined by its distributed architecture, where a network of nodes keeps a copy of the entire blockchain, allowing for transparency and security. Bitcoin employs the SHA-256 hashing algorithm, contributing to its robustness and immutable ledger. The underlying technology is open-source, enabling developers to innovate and improve the system continuously while maintaining transparency within the community.
Use Cases
Bitcoin serves various use cases, primarily as a store of value and medium of exchange. Many view it as “digital gold,” appreciating its potential to hedge against inflation and economic instability. It plays a crucial role in the decentralized finance (DeFi) landscape as collateral for loans and as a liquidity provider on various platforms. Bitcoin is also utilized for cross-border payments, offering low transaction fees and quick settlement times compared to traditional banking. Furthermore, Bitcoin provides a platform for innovations such as the Lightning Network, which enhances transaction speed and scalability for microtransactions.
Development Background
Bitcoin was introduced through a whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” published in 2008. After its launch in January 2009 with the mining of the first block, it grew organically without any central authority guiding its development. Notable contributors to Bitcoin's evolution include developers like Gavin Andresen and, more recently, industry leaders who have contributed to its ecosystem through technologies such as payment processors, wallets, and exchange platforms. Significant events in Bitcoin's history include the Mt. Gox hack, the introduction of various forks (like Bitcoin Cash), and its evolving regulatory environment, shaping its trajectory on the global stage.
Community and Ecosystem
The Bitcoin community is one of the most active in the cryptocurrency space, comprising developers, investors, miners, and advocates. Various non-profit organizations, such as the Bitcoin Foundation, work to promote and support Bitcoin's adoption and development. The ecosystem includes numerous applications, wallets, and exchanges that facilitate the buying, selling, and storing of Bitcoin. Partnerships with payment processors and financial institutions have further integrated Bitcoin into the financial system, promoting broader acceptance as a payment method.
Future Potential
Bitcoin's future potential appears robust due to its established position in the cryptocurrency market and its adoption by both individuals and institutions. Innovations like the Lightning Network aim to improve its scalability and transaction speed, making it even more appealing for everyday transactions. Furthermore, as the regulatory framework around cryptocurrency evolves, Bitcoin's status may solidify, leading to increased adoption and integration into conventional financial systems. Ongoing discussions about environmental impact and energy consumption could also fuel advancements in sustainable mining practices, shaping the future usability of Bitcoin.
WOO market
- Position by market cap among the coins we track.
- #318
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $21.38M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0110High $0.0126
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $1.78
- Now 1% of itReached 15 Nov 2021 · Needs +15,878% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1.92B WOO
- 102% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 1.89B WOO
- The most coins that can ever exist. Some coins have no limit.
WOO converter
1 WOO = $0.0111
