A bitcoin is not a piece of data, and therefore does not have a length. A bitcoin, the unit of currency, is just like any other unit of measurement.
Is a bitcoin just a string of numbers?
A bitcoin is not a piece of data, and therefore does not have a length. A bitcoin, the unit of currency, is just like any other unit of measurement.
Is bitcoin actually finite?
Bitcoin inventor Satoshi Nakamoto, the anonymous name used by the creators of the Bitcoin cryptocurrency, designed the cryptocurrency essentially as digital gold and capped the Bitcoin maximum supply to mimic the finite quantity of physical gold. The maximum number of bitcoins that can be issued—mined—is 21 million.
What is a bitcoin string?
A bitcoin address is a string of digits and characters that can be shared with anyone who wants to send you money. Addresses produced from public keys consist of a string of numbers and letters, beginning with the digit “1”.
Is bitcoin just data?
A bitcoin at its core is data with ownership assigned. Data ownership is transferred when transactions are made, much like using your debit card to transfer money to an online retailer. You use your wallet, the mobile application, to send or receive bitcoin.
