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.
Cryptocoins News / NewsBTC - 2 years ago
Calgary-based Accelerate Financial Technologies prepares to launch a Carbon-Negative Bitcoin ETF (TSX: ABTC). It plans to match each investment by planting trees to counteract the adverse environmental impact of crypto mining.
“Accelerate inten...
More / Bitcoin Reddit - 2 years ago
Hey guys! Since weekly banning of BTC doesn't make any difference anymore, what will the chinese dictatorship do next? My guess would be an attack on Bitcon, maybe through compromising software updates or an 51%-attack or something. Doesn't e...
More / Bitcoin Reddit - 2 years ago
Hi there, I was wondering if some advanced Bitcoiners from Berlin are interested in starting a info booth at a crowded place (for example Alexanderplatz on a saturday). We could offer free sats for anyone who is interested and assist people in downlo...
by COINS NEWS - 2 years ago
As you know I like to post these weekly updates, I'm Venezuelan living here and I really like crypto! Some people don't like this post but I think some people do! And I think it's better than a lot of post in this sub (I don't judge,...
by COINS NEWS - 2 years ago
Okay hear me out before the bitcoin legion finds my children and sacrifices them for the lord Satoshi. Bitcoin has always been the coin with the largest marketcap, currently at $883B making it the most dominant in the market since the beginning...
Cryptocoins News / The Cointelegraph - 2 years ago
The relative strength index is making lower highs while correcting from its overbought area. The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exha...
Cryptocoins News / NewsBTC - 2 years ago
As NewsBTC informed, Square will develop a Bitcoin-only Decentralized Exchange. However, will they work in conjunction with Bisq, the “peer-to-peer trading network”? Jack Dorsey seemed to confirm that both organizations are going to start talking at...
by COINS NEWS - 2 years ago
I noticed this for the first time today and wanted to share. I guess it makes sense since Bitcoins market cap is a plurality no longer the majority of total market cap. 43% according to coin market cap, Ether is 18%. But I was still surprised. Hats o...
Bitcoin News / Bitcoin.com - 2 years ago
A cryptocurrency ATM has been installed in Honduras where users can buy bitcoin and ether. According to reports, this is the first crypto ATM in the country. Honduras borders El Salvador, where bitcoin is set to become legal tender in a little over a...
by COINS NEWS - 2 years ago
According to CoinDesk, "Google Searches for 'Bitcoin Price' Reach 7-Month Low" was written on July 15 2021. As you see, "bitcoin price" peaked at 100 during the day where Elon Musk started to cause a dump to the mark...
More / Bitcoin Reddit - 2 years ago
Any quick book to explain it to me well? I heard “The Bitcoin Standard” is good. Thank you. submitted by /u/StaysInBed415 [link] [comments]
More / Bitcoin Reddit - 2 years ago
Since the shelves are gonna be empty by December, everyone I get gifts for is getting some Bitcoin. Thats all. submitted by /u/thadiusb [link] [comments]
Cryptocoins News / The Cointelegraph - 2 years ago
Most traders think futures contracts are only used to place ultra risky high leverage bets, but the instruments actually have a variety of uses. Whenever there's data...
More / Bitcoin Reddit - 2 years ago
Sets of requirements I needed: - trusted - ability to buy Bitcoin (for DCA purpose) - lightning network support edit: remove non-custodial requirement submitted by /u/wolfur_ [link] [comments]
More / Bitcoin Reddit - 2 years ago
I was reading some articles today and went down a bit of a rabbit hole that has made me more passionate about crypto than ever before. Ever since I was young I've heard stories of child labor in places like China for toy/clothing companies;...
More / Bitcoin Reddit - 2 years ago
Is it possible? It must be. I don't know enough details about the technicals of BTC or Lightning to mentally come up with a model, but I keep getting the nagging thought that this can be done somehow, and it would be a pretty elegant solution. Ma...
More / Bitcoin Reddit - 2 years ago
We understand an important issue: the technology's growing energy consumption and its impact on our climate. That's why we need to make an effort to fix it. And it will be a great initiative for the entire crypto community focused on decarbon...
Cryptocoins News / The Cointelegraph - 2 years ago
ATOM price booked triple-digit gains after the network built out its DeFi ecosystem and works on cross-chain bridges for ETH and BTC. Momentum for the top layer-one pr...