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
The fourth largest Bitcoin holder bought another 988 Bitcoins at $39,212.66 https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ The certified Bitcoin billionaire has been buying more and more Bitcoins. Reminder: There will on...
Cryptocoins News / NewsBTC - 2 years ago
Data from Glassnode shows that the recent Bitcoin crash was the largest in history in dollar terms, coming in at $2.56 billion. The “corona crash” of March 2020 was the previous biggest, at $1.38 billion.
Although 13% gains yesterday brou...
Cryptocoins News / The Cointelegraph β - 2 years ago
Greenpeace USA spoke to Cointelegraph about the organization's perspective on cryptocurrency and recent decision to scrap its Bitcoin donations channel. With the hinds...
Cryptocoins News / The Cointelegraph β - 2 years ago
HSBC will not be joining the growing list of major banks offering Bitcoin and crypto investment products to customers and clients. The recent tumultuous price action f...
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
You just make yourself a slave of Elon Musk's tweet. And that's sad. submitted by /u/esqandar [link] [comments]
More / Bitcoin Reddit - 2 years ago
Basically, it's anti-FUD, doesn't support centralisation (because NODES quarantee decentralisation!) and is ultimately no different to some Mining Pool saying they're using green energy. Which is something that should be encouraged to sil...
Cryptocoins News / The Cointelegraph β - 2 years ago
Billionaire investor Ray Dalio believes Bitcoin is a better buy than bonds. Billionaire investor and famed hedge fund manager, Ray Dalio, has stated he would prefer t...
Cryptocoins News / The Cointelegraph β - 2 years ago
The technology solutions firm revealed it purchased $500,000 worth of BTC during the first quarter of 2021. Filings with the United States Securities and Exchange Co...