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.
More / Bitcoin Reddit - 3 days ago
In 10 years when bitcoin hits 10 million USD I vouch to create a school for low income families. Where teachers and students alike will receive bitcoin. Thus in a single generation wealth can be preserved and passed down. Your bitcoin will always be...
More / Bitcoin Reddit - 3 days ago
At some point we all have to do it or at least give it to somebody else. I havenβt really thought about it much nor have any intention of selling it soon. May be when it gets to $250k, I might sell some of it. submitted by /u/LordMina...
Bitcoin News / Google News Bitcoin - 3 days ago
'Crucial' Biden And Fed Flip Predicted To Trigger A $20 Trillion Bitcoin Price Earthquake That Boosts Ethereum, XRP ...& & Forbes
Bitcoin News / Google News Bitcoin - 3 days ago
Bitcoin Facing Consolidation Phase: Legendary Crypto Analyst Predicts BTC To Drop To $61k Soon& & Coinpedia Fintech News
Bitcoin News / Google News Bitcoin - 3 days ago
Bitcoin, Ethereum ETFs stand alone as SEC unlikely to approve non-CME futures listed digital assets& & CryptoSlate
Bitcoin News / Bitcoin Magazine - 3 days ago
U.S. spot bitcoin ETFs continue their hot streak, recording $107.91 million in inflows on Thursday for their 9th straight day of gains. This marks the longest inflows since mid-March, when the products saw 10 consecutive positive days.The appetite fo...