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 - 9 months ago
Anyone that has a coding job in the bitcoin space… I was wondering if you could give some advice to someone looking for a career change. I don’t know how AI will change the field im in. I may be wrong but it’s not looking super great. I have some t...
Bitcoin News / Google News Bitcoin - 9 months ago
Cardano Will Surpass Bitcoin and Ethereum to Become World's Biggest Crypto - Charles Hoskinson& & Bitcoinist
Bitcoin News / Bitcoinist - 9 months ago
Charles Hoskinson, the visionary founder of Cardano, boldly predicted that ADA, the native token of the Cardano blockchain, is poised to dethrone the current cryptocurrency giants, Bitcoin and Ethereum.
Hoskinson’s proclamation at the highly a...
Bitcoin News / Google News Bitcoin - 9 months ago
Bitcoin Dips As U.S. Fed Chair Jerome Powell Says They Are ‘Prepared To Raise Rates Further if Appropriate’& & The Daily Hodl
by COINS NEWS - 9 months ago
Everyone talks about the fact that there are Bitcoin ETF’s in European Markets and why haven't they moved markets. Because EU Markets are irrelevant in terms of Capital flow and Capital is not incentivised to move into innovation in the EU. For e...
by COINS NEWS - 9 months ago
DATE PRICE OBITUARY PUBLICATION 1. October 15, 2010 $0.11 Why Bitcoin Can’t Be A Currency The Underground Economist 2. May 8, 2011 $3.87 Why Bitcoin Will Fail Apenwarr 3. June 7, 2011 $23.92 Why Bitcoin Will Fail As A Currency Tav&...
Cryptocoins News / Blockchain - 9 months ago
Paolo Ardoino, CTO of Tether and Bitfinex, confirmed the authenticity of a photo of a container bearing the "Tether Energy" logo, confirming it was a depiction of a control room at a Latin American site nearing completion. Ardoino also shared a 3D de...
More / Bitcoin Reddit - 9 months ago
It seems the Spot ETFs are inevitable in this space. What will the ruling be for Grayscale they keep delaying it, is that at the request of Ginsler and SEC? submitted by /u/Glum-Steak2473 [link] [comments]
More / Bitcoin Reddit - 9 months ago
I've been thinking lately, particularly this period about if Bitcoin can really beat inflation like we hope. Even if it can, what strategies work best to get the most out of a Bitcoin investment? Lately, I've seen many people trying things li...
Bitcoin News / Google News Bitcoin - 9 months ago
Charles Hoskinson says Cardano will beat competitors Bitcoin, Ethereum, become world’s largest cryptocurrency& & FXStreet
Bitcoin News / Google News Bitcoin - 9 months ago
Bitcoin Price Prediction: Will BTC Stay Below $30K For Good? Borroe Finance Draws Trader Attention |& & Bitcoinist
Bitcoin News / Bitcoin Magazine - 9 months ago
This is an opinion editorial by Spencer Nichols, Product Marketing Associate at Bitcoin Magazine and host of The Cosmic Bitcoin Podcast.Folk music artist Oliver Anthony took the internet by storm with a video of his song “Rich Men North of Richmond,”...