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
It still feels so surreal to me. What do they care what I do with my money? Obviously the clerk couldn't tell me what would happen, if I kept using my bank account to shop on Binance. I also assume someone higher up the chain saw the danger DeFi...
Cryptocoins News / NewsBTC - 2 years ago
Billionaire Tim Draper has doubled down on his prediction that Bitcoin will reach $250,000 by the end of 2022.
Draper first made this prediction in 2018 when Bitcoin’s price was still trending below $10,000. Being a venture capitalist and tech...
More / Bitcoin Reddit - 2 years ago
https://preview.redd.it/4f2z85khan571.png?width=1280&format=png&auto=webp&s=dff0fa6208735952386cc7b2dc2b9e9962578cdc submitted by /u/InevitableScratch866 [link] [comments]
Cryptocoins News / The Cointelegraph - 2 years ago
MicroStrategy’s latest bond offering seeks to deliver a yield of 6.25%–6.5% — significantly higher than an average junk bond yield of 4.01%. There’s never a dull day...
More / Bitcoin Reddit - 2 years ago
I have an old extra Xeon running as an Emby Server. Running it 24hrs a day, 7 days a week... and a good unmetered connection with it... Lost my mom to COVID, still feeling the pain, I decided to put my mind into other things just to get throug...
Cryptocoins News / The Cointelegraph - 2 years ago
Analysts anticipate Bitcoin to continue its recovery rally above $40,000 on bets of increasing anti-inflation, but a looming death cross could spoil the upside outlook....
More / Bitcoin Reddit - 2 years ago
General Motors May Start Accepting Bitcoin If There's Customer Demand, Says CEO Mary Barra https://cryptonews.net/816561/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared submitted by /u/Sm0k3OnWater [link] [...
Cryptocoins News / The Cointelegraph - 2 years ago
Ethiopian-based group Project Mano is lobbying the government to mine, hold and link Bitcoin to the Ethiopian birr or other legal tenders. Twitter CEO and crypto prop...
Cryptocoins News / CoinJournal - 2 years ago
Many institutional investors got drawn into Bitcoin in the first quarter of this year following a successful run that saw the crypto asset post a series of highs.
The crypto market has been dull over the last few months compared to the frenzy witness...
More / Bitcoin Reddit - 2 years ago
4th largest BTC whale just purchased 11k BTC. You know what time it is boys. submitted by /u/investupboys [link] [comments]
More / Bitcoin Reddit - 2 years ago
????Salzburg, Austria???????? submitted by /u/ricsi_btc [link] [comments]
by COINS NEWS - 2 years ago
TDLR: •THE next Grand Theft Auto game will introduce an in-game cryptocurrency to the franchise, according to rumours. •Contractors will reportedly pay the player with the virtual cash when they need to make discreet, untraceable payments. •Obviously...
Cryptocoins News / CoinJournal - 2 years ago
After last week’s bold move by El Salvador to approve Bitcoin as legal tender, the country is now considering more action
A local radio station, 107.7 Fuego GMV, tweeted yesterday that Rolando Castro, the country’s Minister of Labour and...