Verified OGs
7
CryptoFam
71
Projects
18136
BTC
$63263
0.29%
ETH
$2567.71
0.74%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap
2.338T
Fear&Greed
54

Bitcoin

BTC
OG Rank: 11
Market Cap Rank: 1 ($1.25T)
ACTIVE
About

Bitcoin is the first cryptocurrency enabling decentralized, secure peer-to-peer transactions on a blockchain... Learn More

Category
Cryptocurrency FTX Holdings
Founder
Satoshi Nakamoto
BTC Price

$63263

24h 0.29%
7d -4.71%
All time low ($67.81)
($73,738) All time High

OG Score

Based on 2 OG evaluation

TBA

...

LINKS

Web Site
Explorer
Social

OGAudit Evaluation Points

68.98
75.85
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
76.70
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
61.00
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
91.20
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
55.15
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
69.85
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
76.80
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
78.50
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
84.20
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
20.50
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?
68.98
75.85
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
76.70
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
61.00
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
91.20
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
55.15
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
69.85
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
76.80
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
78.50
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
84.20
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
20.50
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?

OG REVIEWS

Latest OG Reviews
CryptoApe Wallet No:xxxx-5f294
20/09/2024 15:32
BTC 63497
Bitcoin is the pioneer of the financial freedom movement.
The rapid growth of token standarts/protocols such as brc20, src20, arc20, on the network is also good for the growth, also battle-testing the network.

On the other hand it's inevitable that the high energy consumption of the PoW (Proof of Work) network will eventually conflict with green energy laws. This issue may be resolved in the future through the mutual efforts of developers and the community. Thick wallets of early adopters may also be one of the obstacles on the way to mass adoption😅

No matter what, I am grateful to you, Satoshi Nakamoto and all others who built along the way, for opening new horizons for us and rebelling against the monopoly system!
64.58
Critic Wallet No:xxxx-766d3
03/07/2024 18:47
BTC 60,186
It is the most "decentralized" cryptocurrency but: extremely expensive mining equipment, far from scaling and a very unfair distribution for late comers.
73.37
(1)
High Ratings
CryptoApe Wallet No:xxxx-5f294
20/09/2024 15:32
BTC 63497
Bitcoin is the pioneer of the financial freedom movement.
The rapid growth of token standarts/protocols such as brc20, src20, arc20, on the network is also good for the growth, also battle-testing the network.

On the other hand it's inevitable that the high energy consumption of the PoW (Proof of Work) network will eventually conflict with green energy laws. This issue may be resolved in the future through the mutual efforts of developers and the community. Thick wallets of early adopters may also be one of the obstacles on the way to mass adoption😅

No matter what, I am grateful to you, Satoshi Nakamoto and all others who built along the way, for opening new horizons for us and rebelling against the monopoly system!
64.58
Critic Wallet No:xxxx-766d3
03/07/2024 18:47
BTC 60,186
It is the most "decentralized" cryptocurrency but: extremely expensive mining equipment, far from scaling and a very unfair distribution for late comers.
73.37
(1)
Low Ratings

Bitcoin Price

Price Statistics

Bitcoin Price $63263
24h Low / 24h High $62.34 K / $ 63.36 K
Market Cap Rank #1
Market Cap $ 1,249.90 B
Circulation Supply $ 19.76 M
Total Supply $ 21.00 M
Max Supply $ 21.00 M
All Time High $ 73,738
All Time Low $ 67.81
ICO/IDO Price 123123

Bitcoin Markets

Exchange Pair Og Score TBA 24h Volume

About Project

What is Bitcoin (BTC)? 

Bitcoin: The Evolution of Digital Currency 

Bitcoin, the world's first cryptocurrency, emerged from a 2008 whitepaper penned by the enigmatic Satoshi Nakamoto. Launched in January 2009, Bitcoin introduced a peer-to-peer, decentralized system that allowed transactions without the need for traditional financial intermediaries. This groundbreaking concept leverages blockchain technology, which consists of transactions packed into cryptographically secure blocks.

Since its inception, Bitcoin has sparked a revolutionary shift in the financial sector, paving the way for a plethora of cryptocurrencies. It operates on a consensus mechanism known as Proof of Work, requiring miners to solve complex puzzles to validate transactions and mint new bitcoins. This system not only secures the network but also gradually releases new coins into circulation, with a cap set at 21 million bitcoins, ensuring its scarcity and value.

Bitcoin's journey from a novel idea to a market leader has been marked by significant milestones, such as the first commercial transaction, famously known as "Bitcoin Pizza Day," where 10,000 bitcoins were exchanged for two pizzas. Over the years, Bitcoin has gained traction not only as a medium of exchange but also as a store of value, often likened to digital gold. This perception has been bolstered by its adoption by countries like El Salvador and the approval of Bitcoin ETFs, which signal growing institutional acceptance.

Despite challenges such as market volatility and scalability issues, developments like the Taproot upgrade and the introduction of the Lightning Network have enhanced Bitcoin's privacy, efficiency, and transaction speed, further solidifying its position at the forefront of the digital currency revolution. As Bitcoin continues to evolve, it remains at the center of discussions about the future of money and finance, embodying a shift towards a more decentralized and transparent global economy.

 

What is unique about Bitcoin (BTC)?

Bitcoin is the first cryptocurrency, characterized by its decentralized nature and operation on a peer-to-peer blockchain without the need for intermediaries.

Who are the founders of Bitcoin (BTC)?

Bitcoin was created by an individual or group using the pseudonym Satoshi Nakamoto, whose real identity remains unknown.

Who are the backers/investors of Bitcoin (BTC)?

Bitcoin's origins are a bit unique when it comes to backers and investors. Businesses are the biggest holders of Bitcoin. This includes cryptocurrency exchanges like Binance and investment firms like Grayscale. Also the anonymous creator of Bitcoin (Satoshi Nakamoto) is believed to hold a significant amount of Bitcoin (estimated at 1.1 million).

What is the consensus mechanism of Bitcoin (BTC)?

Bitcoin uses a Proof of Work (PoW) consensus mechanism, where miners solve complex mathematical problems to validate transactions and secure the network.

Where can I buy Bitcoin (BTC)?

 

What are Bitcoin (BTC) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Bitcoin BTC. To access these ratings, evaluations, and comments, click here.

How can I mine Bitcoin (BTC)?

Bitcoin mining involves solving complex mathematical problems to validate transactions on the Bitcoin network and add them to the blockchain, a process called proof of work. Miners compete to find a solution to a cryptographic hash function that meets a certain condition set by the network, known as the target hash.


Bitcoin mining is a process that requires high electricity consumption and is conducted using specialized ASIC devices. Particularly, among the best BTC mining hardware of 2024, the Bitmain Antminer S model may include hardware with a hashrate range of 250-350 and an average price of 4000 dollars.

With the halving event, the block rewards given to miners are halved every four years, with the latest halving reducing the reward to 6.25 BTC. Small miners often join mining pools due to low earnings, combining their efforts to increase profitability. However, mining with less powerful devices may not offset the high electricity costs due to the value of the Bitcoin earned. Therefore, a comprehensive evaluation is crucial before starting mining.

 

What is the circulating, max supply and market cap of Bitcoin (BTC)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Bitcoin (BTC) is ($19,757,034), max supply of Bitcoin  BTC is ($21,000,000) and the market cap of Bitcoin  BTC is ($1,249,896,531,989). 

What is the Bitcoin (BTC) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions or financial advice but to look at our comprehensive and objective expert community evaluations, reviews above which will help you decide. Please do your own research DYOR!

What is the price of Bitcoin (BTC)?

The current market price of Bitcoin (BTC) is $63,263. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Bitcoin (BTC) a good investment?

It is important to do comprehensive research before deciding whether Bitcoin (BTC) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Bitcoin BTC) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Bitcoin (BTC) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Bitcoin (BTC) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

What other Layer-2 protocols run on Bitcoin (BTC)?

Layer-2 protocols are designed to improve the scalability and efficiency of blockchain networks by handling transactions off the main chain. When considering Bitcoin (BTC), it's essential to explore the specific Layer-2 solutions that might be associated with it. For example, protocols like Stacks aim to enhance Bitcoin by enabling smart contracts without altering its core code. Concepts such as SRC-20 and BRC-20 might represent token standards similar to Ethereum's ERC-20, facilitating the creation and management of fungible tokens on other blockchains. Lastly, "Runes" could refer to specialized tokens or assets used within certain decentralized applications, highlighting the diverse utility of Layer-2 technologies in expanding blockchain functionalities.

Why are governments and corporates interested in Bitcoin (BTC)? Which institutions and major investors hold Bitcoin?

Governments and corporations have shown increasing interest in Bitcoin (BTC) due to its potential as a digital store of value and its decentralized nature, which can enhance financial transparency and efficiency. Major investors and institutions have invested heavily in Bitcoin, recognizing its value proposition. Notably, Elon Musk has publicly supported Bitcoin, and his company, Tesla, has invested substantial amounts in it, holding a significant number of bitcoins as part of their corporate treasury. Similarly, MicroStrategy, under the leadership of Michael Saylor, has adopted a strategy of using Bitcoin as a primary treasury reserve asset, accumulating thousands of bitcoins. Additionally, countries like El Salvador have adopted Bitcoin as legal tender, a revolutionary step towards integrating cryptocurrency into their national economy, holding a considerable amount of Bitcoin to back their pioneering move towards a digital economy. These actions by high-profile individuals, corporations, and even nations highlight the growing acceptance and institutional trust in Bitcoin as a viable investment and financial asset.

 

Bitcoin spot ETFs allow investors to directly invest in actual Bitcoin through an exchange-traded fund, providing a more traditional investment vehicle to access the cryptocurrency market without directly purchasing and storing Bitcoin.

Updates

Featured

Trending Crypto Projects
Latest OG Space Alpha Articles
19230 Crypto & Exchange
Rewieved by 118 Experts

FAQ

OGAudit is the first social audit platform of web3. Your crypto playbook!

- Easy-to-understand info about popular crypto projects,

- News, updates about protocols,

- Token statistics, price data,

- Most reliable crypto exchanges,

- Uncensored expert user (OG) reviews,

Additionally, in the 'Topics' section, you can read what OGs have on their agenda and learn alpha about trending crypto topics.

There are many ways to do business in crypto, but we have chosen the most challenging path: to illuminate the darkness. Social media interactions, transaction volumes, of exchanges, and crypto assets can be easily manipulated by bots, and whales. Therefore they are often misleading for researchers, bad actors can lead people into scams with ease.

We believe in a safer, more thriving and equal opportunity crypto space for everyone! Our sole motivation is you 💗

We think that authentic reviews of OG will guide you in finding the most reliable crypto exchanges and web3 solutions you need! We also want to make your crypto DYOR process easier with simple and up-to-date content.

OG are the biggest, most experienced and reputable community in crypto. They are independent auditors of OGAudit platform.

It's not granted but earned! Anyone with 1,000 days of on-chain experience in crypto and complies with OGA community guidelines can become an OG. (Learn More Here)

OG onboarding and rating mechanism is 100% automated. OGs' wallet addresses and entries are publicly verifiable on-chain. The decentralized, permissionless, and transparent OGA consensus and OGA guidelines eliminate the risk of spam and fraudulent content.

Yes, it is. And all the basic features will always be free for personal use!

Unfortunately, we do not have a token, neither you can invest in the OGAudit platform. However we greatly appreciate any donations you may grant!💗

If you meet the requirements and share the same values with us, you can become a contributor to our community as an OG. (Learn More Now About Page Link)
You'll help make crypto a safer place and build your reputation along the way!

NO INVESTMENT, FINANCIAL, OR LEGAL ADVICE: Any content published in the OGAudit platform are informational and educational purposes only and should not be construed as legal, tax, investment, financial, or other advice. Nothing contained in this platform constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. OGAudit is a social media platform where we encourage freedom of speech. OGAudit also provides sensitive data such as coin/token prices of web3 projects but this data may not be up-to-date and accurate and may be lagging behind due to third party oracle api problems. OGAudit team nor contributors are not a judicial authority therefore publications may or may not be accurate, reflecting the truth or not, any content published on the platform does not contain any final judgment and therefore are not binding. OGAudit team commits to filtering posts containing legal offenses and removing them from the platform if legal action is pursued. However, it may not monitor all content simultaneously. In such cases, any legal liability arising from damages suffered by third parties due to the publication of such content belongs to the person/entity who posted the content.

If you think that your personal or corporate rights have been violated due to any content published on our platform, please send the link and screenshot of the content to [email protected] . Your request will be carefully revised by our lawyers, and we will get back to you asap.

OGAudit is a collective movement of the crypto OG community. OGAudit has no affiliation with VCs, exchanges, or other entities. It was founded and funded by the Chief OG in 2023 and has been built by a handful of crypto enthusiasts, researchers, web developers, and community leaders.

We have seen many bears and bulls, been to the moon and back, been rug-pulled at times but did not give up, and are devoted to making web3 accessible to everyone in the most secure way.

test