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.
by COINS NEWS - 2 years ago
Earlier today, I went to purchase a game on g2a and saw that they accepted bitcoin. Interested, I sent the specified amount to the given address and waited. After about 20 minutes, I wasn't sure if it had properly worked. I thought maybe the amou...
Bitcoin News / Bitcoin.com - 2 years ago
On Friday, the CEO of Twitter and Square, Jack Dorsey talked about the decentralized exchange Square is constructing called “TBD” or the “TBD BTC DEX.” First mentioned in July, Dorsey tweeted that the compa...
More / Bitcoin Reddit - 2 years ago
https://www.msn.com/en-us/money/other/bitcoin-has-no-value-people-banks-of-china-official-announces-further-crackdown/ar-AANOYqC?ocid=wispr&li=BBnbfcL submitted by /u/Extremely-Bad-Idea [link] [comments]
More / Bitcoin Reddit - 2 years ago
I'm sure you've heard rags to riches stories before. Bitcoin is a new part of these stories. As someone who has lived in homelessness, hunger, and poverty, I see Bitcoin as a top priority asset. Prefaced tldr: I was raised in a college educa...
Cryptocoins News / NewsBTC - 2 years ago
Ethereum has been on a rally for the past week, moving from a two-month low at $1,700 to its current level at $3,223. Several factors have pushed the crypto market into a new rally, but most seem to gravitate around ETH and its ecosystem. ETH moves...
More / Bitcoin Reddit - 2 years ago
We all say weβre hodling forever. So whatβs your ultimate plan? Do you hodl till $1mil then start spending it? Take loans out against your coins? Iβm just curious because I donβt really have a plan, Iβm just stacking for next 5 years or whatever. Iβ...
More / Bitcoin Reddit - 2 years ago
Chedi Andermatt, a luxury five-star hotel in the Swiss Alps, has begun accepting Bitcoin and Ethereum payments. From now on, if hotel guests pay more than 200 Swiss francs (approximately US$218), they can choose to pay in Bitcoin or Ethereum. It is r...
More / Bitcoin Reddit - 2 years ago
Companies with the most bitcoin on their balance sheets submitted by /u/U6ornp [link] [comments]
More / Bitcoin Reddit - 2 years ago
I love the idea of programmers and hackers wearing Indiana Jones hats sitting behind a wall of screens trying to track down and access lost Bitcoin. What do you think? Could this even happen, and would this shed light on wallet vulnerabilities? ...
Cryptocoins News / NewsBTC - 2 years ago
Want to learn to trade crypto? With Bitcoin price near $50,000 and the crypto market taking a short pause, there is no better time to pick up new skills or brush up on existing ones. For those that chose to HODL through the recent sell-off β well don...