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These rules are enforced collectively by the Bitcoin network.
- Hard limit of about 21 million bitcoins.
- - Bitcoins are divisible to 8 decimal places, yielding a total of approx. 21×1014 currency units.
+ - Bitcoins are divisible to 8 decimal places, yielding a total of approximately 21×1014 currency units.
- Transactions are cheap and mostly free.
Statistics
-The network has been running for more than 45 months, yielding some impressive security features. There has been especially significant growth over the last year. As of February 2013, here are some statistics.
+The Bitcoin network has been running continuously for more than 48 months, yielded impressive security features and grown significantly in the past year. As of April 2013:
- - Long block chain (more than 220,000 blocks).
- - A lot of processing power securing transactions - estimated at over 25 terahashes per second.
- - Over $1 million USD of daily trade volume distributed across 40,000 transactions.
- - Total value of all bitcoins in circulation is over $300 million.
- - Only one major security incident in the protocol (fixed in August 2010).
+ - Long block chain with more than 232,000 blocks.
+ - One of the largest distributed computing network in the world with more than 65 terahashes/s.
+ - Millions of USD in daily trade volume distributed across 50,000 transactions.
+ - Total value of all bitcoins in circulation is over US$1.3 billion.
+ - Only one major security incident in the protocol which was fixed in August 2010.