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The Bitcoin network uses a coin distribution strategy known as “bitcoin halving” that ensures the amount of bitcoin distributed to miners reduces over time. By gradually decreasing the supply of new bitcoin entering circulation, the bitcoin tracker live idea is it will help support the asset’s price (based on the fundamental principles of supply and demand.) Variety of Types: Cryptocurrencies can be broadly categorized into various types, such as stablecoins, utility tokens, security tokens, DeFi tokens, and gaming coins. These categories serve different functions and cater to distinct use cases within the crypto ecosystem. The Bitcoin network is a peer-to-peer payment network. Therefore, it can have transactions only in the form of bitcoins. What it means is that we can send or receive bitcoins by moving them from one node in the network to another node in the network.