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
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 2 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 2 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 2 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 2 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 2 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 2 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 2 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 2 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
Bitcoin News / Bitcoin.com - 2 years ago
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as...
Bitcoin News / Bitcoin.com - 2 years ago
On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving avera...
Cryptocoins News / The Cointelegraph β - 2 years ago
The only way is (more or less) up for BTC price action, the analyst insists, offering a potential 2021 high of $450,000. Bitcoin (BTC) could trade at an eye-watering $...
More / Bitcoin Reddit - 2 years ago
I work in mobile app development and was working on the HEB app at the time. It was early-mid 2017. It was my first job out of school after finishing my computer science degree. We had a group 'brainstorming' session with the HEB product owne...
Cryptocoins News / The Cointelegraph β - 2 years ago
Downward volatility hits the market on Sunday as market participants argue that most of the drop is already complete. Bitcoin (BTC) dropped to local lows of $33,750 on...