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.
Bitcoin News / Bitcoinist - 3 days ago
Bitcoin price action might be dicey, undergoing a major corrective phase. However, even as $60,000 looks slippery for upbeat bulls, some analysts are optimistic that the coin is ready for a strong leg up.Β
Going by past price action, analysts maintai...
Cryptocoins News / CoinJournal - 3 days ago
Yong Rong HK Asset Management emerges as the top holder in BlackRock Bitcoin ETF with $38M investment.
Ovata emerges as biggest buyer in Bitcoin ETF market, investing $74M in various funds.
Bitcoin price surpasses $61,000 amidst market dynamics, sig...
Bitcoin News / Google News Bitcoin - 3 days ago
Bitcoin Flashes Potentially Bullish Indicator Amid Crypto Market Downtick, According to Analytics Firm Santiment& & The Daily Hodl
Bitcoin News / Bitcoinist - 3 days ago
On-chain data suggests the Bitcoin short-term holders haven’t been capitulating during the crash, a sign that a shift has occurred in the market.
Bitcoin Short-Term Holders Haven’t Been Doing Much Loss-Selling Recently
As pointed out by a...
Bitcoin News / Google News Bitcoin - 3 days ago
Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report& & The Daily Hodl
Bitcoin News / Bitcoin Magazine - 3 days ago
βThe institutions are coming.βAnyone whoβs been in the Bitcoin space for any significant period of time has heard some prominent figure within the space utter this phrase.In August 2020, when MicroStrategy, an American-based business software company...
Bitcoin News / Google News Bitcoin - 3 days ago
The Institutions Are Coming: The Dawn Of A New Era At This Year's MicroStrategy World β Bitcoin For Corporations ...& & Bitcoin Magazine
Bitcoin News / Google News Bitcoin - 3 days ago
Solana to join Bitcoin and Ethereum as top crypto assets, $1.6 trillion asset manager predicts& & Crypto Briefing