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 - 2 years ago
EDIT: 2nd time in the history of Bitcoin, I stand corrected The 10th candle closed over 42k which has been a recognized area of resistance. Hodl on for dear life because this rocket ship isn't slowing down :) submitted by /u/shleebs...
by COINS NEWS - 2 years ago
Iβm not a crypto expert or anything but I believe that Bitcoin is bullish now for even a good while since this resistance band is broken you may hear things like Bitcoin is gonna hit 50k or 60k again but please for the love of good be responsible and...
More / Bitcoin Reddit - 2 years ago
I feel like the people that are shorting Bitcoin right now are either trading by the minute to make a few dollars profit or just donβt see Bitcoin or crypto currencies as the future. Bitcoin had the deepest dip a few days ago where it hit 29k or so....
by COINS NEWS - 2 years ago
It's finally happened. We've hit a $41K price point for BTC $40K? No, you're living in the past, brother. This is proof the future is here Now, I know, I know, hitting $42K seems like a fantasy at this point. But if you believe, we just m...
Cryptocoins News / NewsBTC - 2 years ago
Tomorrow is the last day of the month of July, and Bitcoin is at a pivotal moment in its lifetime. The crossroads of a possible bear market or bullish continuation is here, and the path chosen will dictate the trend for potentially months or years to...
Cryptocoins News / The Cointelegraph β - 2 years ago
At least three executives at the $45 billion firm have participated in a funding round for the blockchain-focused VC group Borderless Capital. New York-based asset man...
More / Bitcoin Reddit - 2 years ago
Chinese investors eye Paraguay for Bitcoin production β MercoPress submitted by /u/PSSD1989 [link] [comments]
More / Bitcoin Reddit - 2 years ago
Friendly Reminder, the law comes into effect week, seems it was delayed initially. Germany grants institutional funds the ability to invest in crypto | Financial Times (ft.com) submitted by /u/PSSD1989 [link] [comments]
More / Bitcoin Reddit - 2 years ago
GoldenTree Hedge Fund Buying Bitcoin - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides submitted by /u/PSSD1989 [link] [comments]
More / Bitcoin Reddit - 2 years ago
I have Β£500 saved and is building interest sloooowwwwwly. But it is also kind of my fall back in case of emergencies. Is it a sensible decision to put it in to Bitcoin insteadβ¦ my gut is telling me no but i think iβm just being a chicken ???? I have...
Cryptocoins News / NewsBTC - 2 years ago
On-chain analysis shows that crypto exchange Gemini observed huge Bitcoin inflows just before the plunge down to $38k.
Huge Bitcoin Inflows To Gemini
As pointed out by a CryptoQuant post, crypto exchange Gemini saw huge inflows earlier today resultin...
Bitcoin News / Bitcoin.com - 2 years ago
Finland’s customs authority is looking for brokers to sell 1,981 bitcoins seized in drug cases. The coins are currently worth nearly $80 million.
Finland’s customs authority announced Thursday that it is seeking brokers to sell 1,981 bit...
More / Bitcoin Reddit - 2 years ago
So here I sit, in my local bank branch. I wait as they call into... something. My wire transfer sits in limbo until they can get through on the phone and confirm something. My identity? The fact that I am not committing fraud? Not sure. I have been h...