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.
Cryptocoins News / CoinJournal - 2 years ago
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More / Bitcoin Reddit - 2 years ago
Any politician, political party, or government that is against or even ambivalent about self-custody of bitcoin is anti-freedom and anti-democracy. Period.Whining about environmental concerns, money laundering potential, etc is just misdirection. Don...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
I wanna buy some bit coin, simple enough. Now where can I buy it with no kyc and no crazy fees. Paxful is too expensive and kucoin requires KYC for fast transactions, p2p and third party purchases. Anyone have any other suggestions?
Cryptocoins News / The Cointelegraph - 2 years ago
Amid El Salvador reporting on cases of the positive impact of the country’s Bitcoin (BTC) adoption, a government official in Mexico has once again urged that the country should follow El Salvador’s example on Bitcoin.Indira Kempis, a senator represen...
More / Bitcoin Reddit - 2 years ago
S&P, Dow, Nasdaq indices keep tumbling.Bitcoin is up 6% since sanctions were announced yesterday.Weaponization of trade using sanctions will only accelerate Bitcoin standard.Game theory unfolding in real time.
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin (BTC) began to see much-welcomed volatility to the upside on Feb. 23 as European markets opened with modest upside.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$39,600 set to spark “heavy resistance”Data from Cointelegraph Marke...
Cryptocoins News / Blockchain - 2 years ago
Bitcoin (BTC) entered the green zone after U.S. President Joe Biden revealed new sanctions meant to cut off Russia from western finance, to Bloomberg.
The leading cryptocurrency was up by 3.66% in the last 24 hours to hit $38,151 during intraday...
Cryptocoins News / The Cointelegraph - 2 years ago
Canada’s war on Bitcoin (BTC) appears to be backfiring as the country’s flagship exchange-traded fund (ETF) adds thousands of BTC.Data from on-chain monitoring resource Coinglass shows that over the two weeks to Feb. 23, the Purpose Bitcoin ETF has i...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Cryptocoins News / The Cointelegraph - 2 years ago
Amid a marketwide downturn across major crypto assets over the past week, institutional traders tipped almost $89 million into Bitcoin (BTC) funds. However, the money men failed to back Ethereum (ETH) investment products, which saw outflows totaling...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin's sell-off appears to be taking a pause even though the United States rolled out new sanctions against Russia on Feb 22.Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) continues to hover slightly belo...
Cryptocoins News / Blockchain - 2 years ago
El Salvador is leaping the dividends of making Bitcoin (BTC) legal tender, given that the nation’s tourism industry has recorded a 30% surge since this milestone was attained in September 2021.
Morena Valdez, the Minister of Tourism, stipulated th...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin is struggling to recover above the $38,400 resistance zone against the US Dollar. BTC could resume decline if it stays below the $38,500 level.
Bitcoin is currently facing resistance near the $38,400 and $38,500 levels.
The price is trading...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Bitcoin News / Bitcoin.com - 2 years ago
The creator of Ruby on Rails says the situation in Canada is “terrifying” and “a real wakeup call.” He admits that he was wrong about bitcoin and cryptocurrency. “A few months ago, I would not ha...