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.
Bitcoin News / Bitcoin.com - 2 years ago
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an est...
Cryptocoins News / The Cointelegraph β - 2 years ago
The Federal Reserve chairman had to explain what he meant by the term "transitory" inflation as he admitted that consumer prices have gone higher than he and other central bank officials...
by COINS NEWS - 2 years ago
The video posted on TikTok by YouTuber and CEO of Bitcoin Merch Idan Abada, in which he shows a handmade portable Bitcoin mining rig in Starbucks, has gone viral and given him around 2.7 million views The portable Bitcoin mining rig he made cost him...
More / Bitcoin Reddit - 2 years ago
Has anyone ever tried using a self directed IRA to store bitcoins in? You get all the benefits of a Roth IRa, like the gains are tax free and i want to hold Bitcoin for 30+ years anyway, is this a good idea? has anyone tried this? submitted by...
Cryptocoins News / The Cointelegraph β - 2 years ago
An allusion to the start of this yearβs bullish progress comes as $40,000 refuses to go quietly as resistance. Bitcoin (BTC) futures open interest is mimicking the sta...
Cryptocoins News / The Cointelegraph β - 2 years ago
Restrictions in China have forced homegrown Bitcoin miners to move out to crypto-friendly nations such as Canada, Kazakhstan and the United States. Chinaβs stringent c...
Cryptocoins News / The Cointelegraph β - 2 years ago
A new project in Russia aims to enable secure storage of inherited digital possessions like Bitcoin using a cloud-based service of state-owned Sberbank. A group of Rus...
Bitcoin News / Bitcoin.com - 2 years ago
Tesla CEO Elon Musk has hinted how many bitcoins Tesla owns after revealing that the fair market value of its bitcoin holdings was $1.47 billion as of June 30.
Tesla Holding About 42K Bitcoins
Tesla’s technoking, Elon Musk, has commented on how...
More / Bitcoin Reddit - 2 years ago
https://twitter.com/BitcoinMagazine/status/1420694372237070338?s=20 submitted by /u/rizzobitcoin [link] [comments]
More / Bitcoin Reddit - 2 years ago
Since Winklevoss and Cameron proposed Bitcoin ETF to the SEC in 2013, countless organizations submitted an application to the SEC throughout these 8 years, but without exception, they were either directly rejected or postponed. As a result, everyone...
Cryptocoins News / CoinJournal - 2 years ago
Venture capital firms have flooded the crypto sector in the past few weeks, with two more crypto firms drawing capital through fundraising
Genesis Digital Assets (GDA) seems to be on track to push towards expansion. The industrial-scale Bitcoin minin...
Cryptocoins News / The Cointelegraph β - 2 years ago
57,000 BTC leaves exchanges in a single day as demand returns with Bitcoin at the upper end of its multi-month trading corridor. Bitcoin (BTC) demanded a $40,000 resis...
Cryptocoins News / The Cointelegraph β - 2 years ago
Mutual funds provider ProFunds aims to enable crypto exposure for investors without actually buying Bitcoin. The United States-based investment management firm ProFund...