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Polygon Set to Launch Heimdall v2 to Enhance Security

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Polygon has announced the launch of the Heimdall v2 upgrade on July 10, 2025, aimed at improving network security and performance.
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Giorgi Kostiuk

xStocks: Tokenized US Stocks on BNB Chain by Kraken and Backed

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Kraken and Backed introduce tokenized US stocks as BEP20 tokens on BNB Chain, expanding access to traditional finance.
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Giorgi Kostiuk

Details of the GMX Exploit and Its Impact on DeFi Security

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The GMX exploit of $42 million raises security questions in DeFi. What happened and what lessons can be learned?
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Giorgi Kostiuk

Cycle Analysis Indicating Possible Bitcoin Price Peak in 2025

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Analyst Rekt Capital predicts Bitcoin bull market peak for September-October 2025 based on historical cycles.
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Giorgi Kostiuk

What is Bitcoin?

Bitcoin - a decentralized cryptocurrency, originally created in a white paper in 2008 by a person or group of people under the alias Satoshi Nakamoto. It was launched in January 2009.

Contents:

What is Bitcoin (BTC)?

Bitcoin - a peer-to-peer online currency, which means that all transactions take place directly between equal, independent network participants. Some concepts of a similar type of decentralized e-currency predate BTC, but Bitcoin has the distinction of being the first ever cryptocurrency to come into actual use.

What makes bitcoin unique:

Primacy The most unique advantage of BTC is due to the fact that it was the very first cryptocurrency to hit the coin defi market.
Community The coin has managed to create a global community and spawn a whole new industry of millions of enthusiasts who create, invest, trade and use bitcoin and other cryptocurrencies in their daily lives.
Development The appearance of the first cryptocurrency has created a conceptual and technological basis, which has subsequently inspired the development of thousands of competing projects.

The entire cryptocurrency market is based on the idea, implemented by BTC - money can be sent and received by anyone, anywhere in the world, without relying on trusted intermediaries such as banks and financial services companies. It remains the largest cryptocurrency with a market capitalization that surpassed the $1 trillion mark in 2021, after the price of bitcoin hit an all-time high of $64,863 on April 14, 2021.

The role of bitcoin as a vault

One of the most important functions - the cryptocurrency is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or unit of account. Many economists believe that the large-scale adoption of this currency will lead us to a new modern financial world, where transaction amounts will be denominated in smaller units. Bitcoin's smallest unit, 0.001 BTC, is called Satoshi (or Sats for short), alluding to the originator of the pseudonym.

Wallets for a work

The most popular cryptocurrency wallets include both hot and cold wallets. Hot wallets have a connection to the internet, while cold wallets help to store large amounts of coins off the internet. Some of the best crypto wallets:

  • Trezor;
  • Ledger;
  • CoolBitX;
  • Exodus;
  • Electrum;
  • Mycelium.

The current valuation of bitcoin is constantly changing. It is truly a global asset. You can buy bitcoin on almost every crypto exchange, both for fiat money and for other cryptocurrencies.

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Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.