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 - 8 months ago
Anyone knows of a website that tracks the exchange rate of Bitcoin in many different currencies at once (without having to manually select each individually) and shows how far from the all-time high it is in that particular currency? Bitcoin is far f...
Bitcoin News / Bitcoinist - 8 months ago
The Chicago Mercantile Exchange (CME) Group, which operates a derivatives marketplace, published a reportΒ on July 26 discussing the potential dynamics between Bitcoin and Ethereum in the context of the upcoming 2024 halving event.
According to the r...
by COINS NEWS - 8 months ago
The U.S. Securities and Exchange Commission (SEC) should approve all spot bitcoin exchange-traded fund (ETF) applications simultaneously if it approves any, to grant equal treatment to all applicants, Grayscale Investments said in a statement t...
More / Bitcoin Reddit - 8 months ago
Since its birth 14 years ago, Bitcoin has evolved into an exemplar of monetary stability. The attached graph, showcasing a gradual decline in new coin production, signifies a steady and dependable financial system with controlled inflation! Dr...
Bitcoin News / Google News Bitcoin - 8 months ago
Grayscale Urges Equal Treatment for All Spot Bitcoin ETF's in Letter to SEC& & CoinDeskA BlackRock BTC ETF Wouldn't Be Possible Without Bitcoin Miners& & CoinDesk
Bitcoin News / Bitcoin Magazine - 8 months ago
Investment banking company, TD Cowen, published a recent report on MicroStrategy and its adoption of Bitcoin, according to documents obtained by Bitcoin Magazine.βMicroStrategy represents a new kind of firm, which generates dollar -based cash flow fr...
More / Bitcoin Reddit - 8 months ago
Today Major Jason Paul Lowery tweeted: "For those asking what's been going on w/me, I was ordered to take SOFTWAR down & asked to stop talking about the subject publicly. Doesn't appear on MIT's library either. Can't talk det...
Bitcoin News / Bitcoin.com - 8 months ago
Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, costing $3 million, will be delivered to Stronghold’s Panther Creek facility in...