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
What makes Bitcoin beautiful is it is relentless. It just marches on no matter what you throw at it. Every 2016 blocks it automatically adjusts itself to keep a 10 minute block time. The game theory and incentive behind it's creation means it dra...
More / Bitcoin Reddit - 2 years ago
https://gothamist.com/news/eric-adams-wins-democratic-nomination-new-york-city-mayor https://markets.businessinsider.com/news/stocks/nyc-bitcoin-center-crypto-hub-mayoral-election-eric-adams-2021-6 submitted by /u/Financial_Cable9276...
Cryptocoins News / The Cointelegraph β - 2 years ago
The supply shock is being unnoticed, similar to Q4 2020 before the price of Bitcoin skyrocketed, says Willy Woo. As Bitcoin (BTC) continues trading sideways inside th...
Cryptocoins News / CoinJournal - 2 years ago
Goldman Sachs has detailed in a recent note that Ether has the potential to overtake the flagship crypto as the better digital store of value
Giant banking institution Goldman Sachs has claimed that it won’t be a surprise if Ether, Ethereum&rsq...
Cryptocoins News / The Cointelegraph β - 2 years ago
Itβs a tale of two Bitcoins as active miners reap the benefits, while others remain completely offline. Bitcoin (BTC) miner revenue jumped after the network saw its bi...
More / Bitcoin Reddit - 2 years ago
Bitcoin 2011-2021 US dollar 1913-2021 $1 in 1913 = $27.25 today $1 in 1971 = $6.69 today $1 in 2009 = $1.26 today The buying power of $1 today is 3% of what it was in 1913 (FED created) 13% of what it was in 1971 (Bretton Wood...
Cryptocoins News / The Cointelegraph β - 2 years ago
Cardholders will earn a percentage back in Bitcoin instead of airline miles or other cashback rewards. New York-based crypto loans and savings startup BlockFi launched...
Cryptocoins Exchanges / Binance - 2 years ago
I understand how they work on their own (futures vs spot) , but am not fully understanding why the perpetual futures price will affect the underlying spot price ? eg, we hear of 'cascading liquidations' in the futures market when degen longs...
Cryptocoins Exchanges / Binance - 2 years ago
International auction house Sothebyβs will accept payment in Bitcoin or Ether at the sale of a 101.38-carat diamond this Friday. The pear-shaped flawless diamond could fetch as much as $15 million. Auction houses are increasingly accepting cryptocurr...
Bitcoin News / Bitcoin.com - 2 years ago
Monobank, a mobile bank operating in Ukraine, has announced new products and services that will allow users to trade cryptocurrencies and stocks. One of the offerings includes a bitcoin card which the online banking platform is going to launch as ear...
More / Bitcoin Reddit - 2 years ago
NP ('Non-Participatory') link: https://np.reddit.com/r/worldnews/comments/of24zi/we_visited_bitcoin_beach_to_see_how_bitcoin_works/ We visited "Bitcoin Beach" to See How Bitcoin Works in El Salvador. AMA! Vice News reporter Keegan...
Cryptocoins News / NewsBTC - 2 years ago
One latest news making rounds in the crypto space is the new partnership between the digital payment platform-Allied Payment Network, and the Bitcoin subsidiary of Stone Ridge, a $10 billion alternative asset manager called NYDIG.
Related Reading | G...
More / Bitcoin Reddit - 2 years ago
https://www.youtube.com/watch?v=P5b9DMQDB8I https://bitcoinmagazine.com/culture/bitcoin-and-tonga-fusitua On this episode of the Bitcoin Magazine Podcast, Christian Keroles sits down with Lord Fusitu'a of Tonga. Lord Fusituβa is Tongan royalty a...