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 Exchanges / Binance - 2 years ago
hi, I want to explore bitcoin blockchain for instance get address' information, transactions, and so on. what is the right place where I can grab this info. I tried https://blockchain.info but they blocked me because too many requests. Maybe som...
More / Bitcoin Reddit - 2 years ago
So I made money online and one option was to cash out with a 5% fee OR cash out in Bitcoin... So I chose Bitcoin... Problem is I have no idea what I'm doing... .... what do I do now? How do I learn more about bitcoin and follow the right informat...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin remained well bid above the $49,000 support against the US Dollar. BTC could start a fresh increase if it clears the $50,800 resistance zone.
Bitcoin is showing a few positive signs above the $49,000 support zone.
The price is now trading ab...
More / Bitcoin Reddit - 2 years ago
Not in it for the money, but what else can I do to help secure the network? What else can I do to contribute to the greater community? Leaning towards running the Umbrel Bitcoin Machine. I try to orange pill everyone I know. What else? submit...
by COINS NEWS - 2 years ago
In a study by KIS Finance, it was revealed that over two thirds of cryptocurrency investors borrowed money to make their purchase, rather than using income and/or savings. Overall, more than two thirds (64%) of those who have invested in cryptos, us...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin on-chain signals have remained green despite the recent red week. Bitcoinβs price had taken a plunge towards $40K and had brought a lot of losses with it as billions of dollars in long positions were liquidated on December 4th in one of the s...
Bitcoin News / Bitcoin.com - 2 years ago
The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition t...
More / Bitcoin Reddit - 2 years ago
It is never too late to invest in Bitcoin, especially if you are a long-term hodler. Always try to buy and hold BTC for more than 1-year, and you can get a decent return. If you invested in BTC 5-years back, your ROI (Return on Invest) would have bee...
More / Etherum Reddit - 2 years ago
Are there any downsides to buying and holding wrapped Bitcoin on the ETH blockchain? Bitcoin mods over on their sub deleted my postβ¦ Big on both ether and Bitcoin I donβt see why fight lol. If buying Wrapped Bitcoin is truly the equivalent of real Bi...
Cryptocoins News / The Cointelegraph β - 2 years ago
BTC bulls are looking at a $300 million loss after last weekβs 11.5% correction set them up as the losers of Dec. 10βs $1.1 billion options expiry. Bitcoin (BTC) bulls...
Cryptocoins News / NewsBTC - 2 years ago
Following the volatility of the weekend, Bitcoin holders seem to have woken up as active addresses break one million.
Number Of Active Bitcoin Addresses Reach Seven-Month High
As per the latest weekly report from Arcane Research, the crash during the...
Cryptocoins News / NewsBTC - 2 years ago
Is Bitcoin in trouble, potentially on the brink of collapsing to unexpected new lows? That’s the question on all crypto inventor’s minds, as the leading cryptocurrency by market cap tends to lead the bullish charge.
However, a somewhat fo...
More / Bitcoin Reddit - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said that...
More / Bitcoin Reddit - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said that...
More / Bitcoin Reddit - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said that...
More / Bitcoin Reddit - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...