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 / Google News Bitcoin - 8 months ago
Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan& & CoinDesk
Cryptocoins News / The Cointelegraph - 8 months ago
Bitcoin and crypto travelers can bid farewell to telco woes with Bitrefill’s eSims, now available in 140 countries. A partnership between crypto e-commerce platform Bi...
Bitcoin News / Google News Bitcoin - 8 months ago
‘Very Exciting’—Huge $5 Trillion Bitcoin And Ethereum Price Prediction Issued By Legendary Investor After Shock Bombshell& & Forbes
Bitcoin News / Google News Bitcoin - 8 months ago
'Very Exciting'—Huge $5 Trillion Bitcoin And Ethereum Price Prediction Issued By Legendary Investor After Shock ...& & Forbes
Bitcoin News / Bitcoin.com - 8 months ago
Bitcoin rebounded on Tuesday, following the news that Paypal was launching a USD stablecoin on the ethereum blockchain. The company hopes the move will bridge the gap between fiat and cryptocurrencies for all of its stakeholders. Ethereum was margina...
Cryptocoins News / Blockchain - 8 months ago
Bitfarms mined 1,223 BTC in Q2 2023, reaching a hashrate of 5.3 EH/s. Revenue was $35M, with a net loss of $25M. The firm also secured 150 MW of hydropower. (Read More)