Bitcoin
Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks.
Bitcoin is designed to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes.
Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on.
The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.
by COINS NEWS - 1 hour ago
After 3 years of buying and accumulation, my Bitcoin stack finally is at 3 BTC. This is close to what the block reward will be after the next halving - 3.125 BTC. I wonder if that is in any way significant. Bitcoin is clearly going up in price and ha...
Bitcoin News / Google News Bitcoin - 2 hours ago
โEasier to sellโ Bitcoin will remain in THIS range for now โ Galaxy Digital exec& & AMBCrypto English
Bitcoin News / Bitcoin.com - 4 hours ago
The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 th...
by COINS NEWS - 5 hours ago
Hi all, I have a moderate amount of the top-rated coins. Love to see them popping recently, but realistically, how long will it take for a coin to increase in value for me to cash out and buy that Malibu mansion? For the rules team: The domain name...
Bitcoin News / Google News Bitcoin - 5 hours ago
Will Bitcoin's price surge bail out Sam Bankman-Fried? FTX founder's sentence hinges on crypto's rollercoaster ride | Mint& & Mint
More / Bitcoin Reddit - 5 hours ago
If you want to spend your bitcoin you cant just spend it, that purchase will create a taxable event. This means if you do something as innocuous as buy a $5 coffee with bitcoin you need to record the date, time, transaction ID, recipients public addr...
Bitcoin News / Google News Bitcoin - 10 hours ago
Is Ethereum (ETH) Finally Saved? Bitcoin (BTC) Hits $70,000 Ceiling, Cardano (ADA) Breakthrough Failed& & U.Today
More / Bitcoin Reddit - 10 hours ago
Bitcoiners act like no other company could do what microstrategy did and acquire 1% of the bitcoin supply without the price running away to the upside, as if blackrock didnโt just do that exact thing over the past three months and the price only went...
Bitcoin News / Google News Bitcoin - 10 hours ago
CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities โ Regulation Bitcoin News& & Bitcoin.com News