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.

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More / Bitcoin Reddit - 2 years ago

Summaries of Bitcoin Articles from Last Week

Hey Hodlrs, back again with 8 interesting Bitcoin-related headlines from last week. A few international stories included in this weeks roundup! El Salvador to Build a Bitcoin City: El Salvador has said that it intends to construct the world's fir...

Cryptocoins Exchanges / Binance - 2 years ago

BITCOIN BULL RUN!

This bull cycle is different from the previous ones because today, it is very easy for retail investors and institutional investors to obtain Bitcoin as there are a huge number of online trading platforms. Another reason why this bull cycle is...

More / Bitcoin Reddit - 2 years ago

Bitcoin total Supply estimated to shrink upto 10-12 Million in 10 Years just due to people losing their crypto Wallets,sending crypto to wrong addresses , losing seed phrase, etc.What's the best way to way to avoid this? Looking for an updated guide "How

We’ve all lost money. It’s a hard pill to swallow. And we know there is absolutely no way of getting our money back. However, with Bitcoin or crypto, it’s so much worse because you know the money is there, but completely irretrievable because you’ve...

More / Bitcoin Reddit - 2 years ago

Bitcoin total Supply estimated to shrink upto 10-12 Million in 10 Years just due to people losing their crypto Wallets,sending crypto to wrong addresses , losing seed phrase, etc.What's the best way to way to avoid this? Looking for an updated guide "How

We’ve all lost money. It’s a hard pill to swallow. And we know there is absolutely no way of getting our money back. However, with Bitcoin or crypto, it’s so much worse because you know the money is there, but completely irretrievable because you’ve...

More / Bitcoin Reddit - 2 years ago

Bitcoin total Supply estimated to shrink upto 10-12 Million in 10 Years just due to people losing their crypto Wallets,sending crypto to wrong addresses , losing seed phrase, etc.What's the best way to way to avoid this? Looking for an updated guide "How

We’ve all lost money. It’s a hard pill to swallow. And we know there is absolutely no way of getting our money back. However, with Bitcoin or crypto, it’s so much worse because you know the money is there, but completely irretrievable because you’ve...

More / Bitcoin Reddit - 2 years ago

Bitcoin total Supply estimated to shrink upto 10-12 Million in 10 Years just due to people losing their crypto Wallets,sending crypto to wrong addresses , losing seed phrase, etc.What's the best way to way to avoid this? Looking for an updated guide "How

We’ve all lost money. It’s a hard pill to swallow. And we know there is absolutely no way of getting our money back. However, with Bitcoin or crypto, it’s so much worse because you know the money is there, but completely irretrievable because you’ve...