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.

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



More / Bitcoin Reddit - 2 years ago

How to participate in Bitcoin and El Salvador

Hello everyone, I'm an average joe working in corporate America and I becoming numb to this fiat culture we live in. For the past few months I have dove deep into the rabbit hole of Bitcoin. With the recent news of El Salvador and talks of Argent...

by COINS NEWS - 2 years ago

Why 21 Million Bitcoin?

Why exactly 21 million? Why not 20, 25 or even 100 million? How does this number come about? Well, this is a question that divides opinions, because Satoshi Nakamoto himself has never given a clear answer to this question. Some people think that the...

More / Bitcoin Reddit - 2 years ago

My favorite conspiracy theory about bitcoin.

My favorite conspiracy theory about bitcoin is that Satoshi Nakomoto is an alien. Now, why an alien and if he is then why would an alien make bitcoin? Those two things go hand in hand and here is my rationale: There have been many high powered indivi...