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.
by COINS NEWS - 2 years ago
Today marks a huge day for me as four years ago today my friend introduced me to Coinbase to buy my first Satoshis! I immediately saw massive gains, thought I was brilliant, tried day trading, had success at first (because everything was going up), t...
More / Bitcoin Reddit - 2 years ago
GROK : The Age of the Bitcoin Renaissance In the year 2045, the world had undergone a transformation so profound that it was often referred to as the "Bitcoin Renaissance." This era was marked by the complete integration of Bitcoin into th...
Cryptocoins News / NewsBTC - 2 years ago
The recent bitcoin correction down from its all-time high has had the market in a panic in the past week. However, not everyone has seen it as a bad omen. The digital asset’s price had gone down below $60,000 causing investors to believe the bear mar...
More / Bitcoin Reddit - 2 years ago
It doesn’t seem the Bitcoin conversation has been much around the precipitously high stock market doing a correction. Another thread said these are correlated. If this is true wouldn’t it make sense to move from stocks and then DCA back into Bitcoi...
More / Bitcoin Reddit - 2 years ago
I recently ordered a raspberry pi 3 b+ to make a bitcoin full node and when i told my sister she said that i was over opsessed and brainwashed.She said that i was too addicted and that i look like a junkie while analyzing charts.Im only 14,,but i str...
Cryptocoins News / The Cointelegraph - 2 years ago
Bears took control of BTC price after options markets flashed bearish signals, but should traders be worried? Crypto exchange Deribit is the absolute leader in the Bi...
More / Bitcoin Reddit - 2 years ago
Even if it falls to 30, there’s no way in hell that it won’t go back to 65 again. Maybe not tomorrow, maybe not next month but it’s bound to happen according to the fluctuation trend of the most popular crypto on the planet. I invested $10,000 at 62...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin wrapped up this past Thanksgiving night with a bloody trading session. The first crypto by market cap was rejected as it made its way to $60,000 and has dropped over 6% in the 24-hour chart. As of press time, BTC trades at $54,084 but seems a...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin has recorded multiple dips in recent weeks that have pushed its price below $60,000. The slump came as a result of sell-offs from investors who believe that the asset has reached its peak. Panic had spread like wildfire, triggering even more...
More / Bitcoin Reddit - 2 years ago
https://finance.yahoo.com/news/singapore-approves-bitcoin-fund-trades-143736863.html submitted by /u/sslavi [link] [comments]
by COINS NEWS - 2 years ago
If you believe in the fundamental principle of sound money and you are intellectually curious and honest with the state of the world, I believe you will come to see bitcoin is an emerging form of sound money. Money does not have to be tangible; all...
More / Bitcoin Reddit - 2 years ago
Well I took advantage of the Black Friday sale and cashed all my underperforming stocks out and bought btc with it. Took a minimal hit but hoping the recovery erases that. Having said that: I don’t like to use my main wallet for exchanges, anyone ha...
Cryptocoins News / The Cointelegraph - 2 years ago
Ethan Lou is a journalist turned Bitcoin miner turned two-time author whose latest book, Once a Bitcoin Miner: Scandal and Turmoil in the Cryptocurrency Wild West, is...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin price action steadies after losing almost $6,000 on Nov. 26 as winners and losers from the coronavirus-‘Nu’-variant scare emerge. Bitcoin (BTC) stemmed some of...
Cryptocoins News / NewsBTC - 2 years ago
The news of the latest COVID variant is invoking a fresh wave of FUD among investors, with Bitcoin crashing down to $54k, and markets across the board slipping into the red.
Bitcoin Plunges To $54k As News Of COVID Variant Emerges
Financial markets a...