What Is OEC FIL(FILK)?
OEC FIL Bitcoin network itself comprises thousands of distributed nodes that independently verify transactions made using BTC. Unlike all previous payment networks, Bitcoin functions without reliance on a central authority. Bitcoin miners group BTC transaction data and record it in blocks. Each block is crypto-graphically linked to the previous block, creating a chain — known as a blockchain. This linkage ensures previously recorded data is incredibly resistant to change.
OEC FIL the years since its launch, Bitcoin has attracted increasing mainstream interest. Today, there are an estimated 100 million Bitcoin users, and tens of thousands of merchants accept BTC payments worldwide. The growth of Bitcoin adoption as a means of payment, a money transfer system or a savings vehicle has seen the BTC price and market capitalization increase significantly. In February 2021, the total value of all BTC in circulation passed $1 trillion for the first time.
OEC FIL Storage Key Points
|Coin Name||OEC FIL|
|Total Supply||No Data|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
BTC price and tokenomics
The OEC FIL price is based on supply and demand. However, unlike national currencies, the BTC supply doesn’t increase or decrease in response to changing demand. The protocol itself enforces a maximum total supply of 21 million coins. New BTC enters circulation each time a miner adds a block of transactions to the blockchain. Initially, this block reward was 50 BTC. After every 210,000 blocks — or, roughly, every four years — issuance of this mining reward is automatically cut in half.
The most recent Bitcoin halving event, which took place in May 2020, reduced the block reward to 6.25 BTC. These reductions will continue until all 21 million BTC are in circulation at some point around the year 2140. With the supply known and limited, changes in demand determine the current Bitcoin price. If buying pressure outweighs selling pressure, the price increases. If sellers outnumber buyers, the BTC price falls.
How does Bitcoin work?
OEC FIL its core, Bitcoin is a distributed ledger used to record transactions between users. This ledger is stored on thousands of computer systems around the world. Unlike a traditional transaction ledger, no central authority controls Bitcoin. Instead, computer systems, known as miners, compete to solve a computationally intensive task. Whichever miner solves the task first can add a block of transactions to the blockchain. After each block is added, miners compete again for the right to add the next block. Known as proof-of-work, this mining process ensures that all participants converge on a single transaction history — without reliance on a central authority.
How can I buy Bitcoin?
OEC FIL allows users to buy and sell BTC via its easy-to-use, secure exchange platform. If you don’t have an account at OKEx already, signing up only takes a few minutes. Once registered, you’ll not only have access to a world-leading cryptocurrency exchange that’s loaded with cutting-edge features, but you’ll also receive a generous welcome bonus, too. If you already have an account at OKEx, it’s even easier to buy BTC. Just sign in, select the amount of BTC you want to buy and confirm your transaction. You’ll get the best BTC price, and your purchase will appear in your OKEx wallet in seconds.
How do you invest in Bitcoin?
Investing in Bitcoin is easy. OEC FIL provides its users with a couple of options. Firstly, you can use your quick trade feature to instantly buy and sell BTC. They recommend this method to your newest users. Advanced users can invest in Bitcoin via OKEx’s world-class exchange platform. There, you can fine tune your BTC investment or trading strategy using limit and stop orders. Finally, high net worth and institutional Bitcoin investors can buy BTC via our OTC trading desk. Whatever your circumstances, OKEx’s diverse product suite makes investing in Bitcoin quick and easy.