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
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...
by COINS NEWS - 2 years ago
Most of us know that when bitcoin moves, other cryptos move, sometimes identically. I see many comments and posts each time it happens in an obvious way (usually accompanying a fast swing by BTC) calling it out and either asking why it occurs or att...
More / Bitcoin Reddit - 2 years ago
Is it possible to run crypto's and Bitcoin on a "Ham Radio Network", incase the internet goes OFFLINE... I do believe Ham Radio's are essential in an emergency or disaster situation when the normal infrastructure, electrical power,...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin started a fresh increase above $57,000 against the US Dollar. BTC could extend recovery and it might revisit the $60,000 resistance in the near term.
Bitcoin started a fresh increase above the $57,000 and $57,500 levels.
The price is now tra...
Bitcoin News / Bitcoin.com - 2 years ago
The governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund (IMF) against bitcoin’s use as le...
Bitcoin News / Bitcoin.com - 2 years ago
The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed that he is buying more bitcoin and ether amid rising inflation concerns. “Inflation is a tax on the poor and middle class. Inflation makes the rich richer...
More / Bitcoin Reddit - 2 years ago
Estimates state 2 billion people are unbanked and 6 billion in total are underbanked. Leaving only 1.5 billion people with access to full service bank accounts with access to international utility and internationally accepted bank cards. This video s...
More / Bitcoin Reddit - 2 years ago
Here is btc from 2016-2021 and Gold from 1970-2021 Iβm a bozo and I really donβt know what to make of this, tbh probably just a visual correlation. But I think its pretty cool. https://preview.redd.it/znmxunbuoe281.png?width=942&format=png...