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
Over 89% of holders are profitable with the Bitcoin going by when they last bought the crypto
Demand and the launch of new products is set to push prices higher
Bitcoin price could still hit the $100,000 level this year
Anthony Pompliano, the...
by COINS NEWS - 2 years ago
Michael Saylor just bought $400M worth of Bitcoin (7,000 BTC), and some people on social media are already claiming that this would be a bad move Just as a reminder, these replies appeared when he bought at $37,000: "That's pretty bearish th...
Bitcoin News / Bitcoin.com - 2 years ago
The Indian government has answered three sets of questions in parliament regarding bitcoin transactions, the high-profile bitcoin scam in Karnataka, and the legality of cryptocurrency trading and crypto exchanges in India. Meanwhile, the winter sessi...
Cryptocoins News / The Cointelegraph β - 2 years ago
Markets rebound but Bitcoin is still not out of the woods when it comes to sell-offs, analysis warns. Bitcoin (BTC) showed signs of strength into the Wall Street open...
Cryptocoins News / The Cointelegraph β - 2 years ago
Invescoβs spot Bitcoin ETN joins 25 other similar products on Deutsche Boerseβs digital exchange, Xetra. Soon after dropping a filing for a Bitcoin (BTC) futures excha...
More / Bitcoin Reddit - 2 years ago
I have a few young children and they have bank accounts that are earning them nearly nothing in interest. I would like to purchase some bitcoin for them but I'm not sure what is the best route since they cannot have their own accounts on exchange...
More / Bitcoin Reddit - 2 years ago
Logarithmic is the True BTC Crystal Ball in my opinion Perspective is everything. submitted by /u/JuicyButterPalms [link] [comments]
Cryptocoins News / The Cointelegraph β - 2 years ago
Transaction fees have dropped this year, after a spike earlier this summer. According to YCharts data, the average transaction fee of Bitcoin (BTC) has dropped from $4...
More / Bitcoin Reddit - 2 years ago
As we all know crypto is bad for government's .The government in Egypt control religion so they banned it and made it Haram Source: https://www.egypttoday.com/Article/3/100224/Egypt-s-central-bank-prohibits-issuing-cryptocurrencies-or-carrying-ou...
More / Bitcoin Reddit - 2 years ago
2011, April 15 ($1.09): Bitcoin's way too expensive now. I'm going to wait until it gets lower. Then I'll buy some and get rich! 2012, April 19 ($5.19): Bitcoin's way too expensive now. I'm going to wait until it gets lower. Then...
More / Bitcoin Reddit - 2 years ago
Most people,including me, in entire lives, the most regrettable thing should be: Bought too little Bitcoin!!! right? guys submitted by /u/yodaxbceee [link] [comments]
More / Bitcoin Reddit - 2 years ago
Ask (and answer!) away! Here are the general rules: If you'd like to learn something, ask. If you'd like to share knowledge, answer. Any question about Bitcoin is fair game. And don't forget to check out /r/BitcoinBeginners You can sort...
Cryptocoins News / The Cointelegraph β - 2 years ago
A classic rebound comes as coronavirus uncertainty continues and data reveals key insights into Bitcoin support and resistance levels. Bitcoin (BTC) is back at $57,000...