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.
Bitcoin News / Bitcoinist - 2 years ago
Bitcoin (BTC) and Ethereum (ETH) are still rallying since the prices of the digital assets crossed over into pre-FTX crash levels. They continue to see green movements in the market, posting gains at this time, but this may not continue for long.
Bit...
Bitcoin News / Google News Bitcoin - 2 years ago
'To the moon' or 'total crash'? Bitcoin price hits new 4-month highs& & CointelegraphIf You Invested $1000 In Bitcoin When Tesla Bought The Crypto, Here's How Much You'd Have Now& & BenzingaBTC forming bottom akin to 2018 with one key difference: Blo...
Bitcoin News / Google News Bitcoin - 2 years ago
Self-Proclaimed Satoshi Craig Wright Sees No Bitcoin (BTC) Narrative Outside Pyramid and Ponzi Scheme& & U.Today
Cryptocoins News / The Cointelegraph β - 2 years ago
BTC price action is still splitting consensus regarding whether Bitcoin will continue higher β what do you think? Bitcoin (BTC) spiked higher around the Jan. 17 Wall S...
More / Bitcoin Reddit - 2 years ago
I realised today that the supply of bitcoins simply follows a geometric sequence that converges to 21,000,000. You donβt need any upper summation limit, although the value 32 is usually presented in the so-called supply formula. But you can try it w...
Cryptocoins News / CoinJournal - 2 years ago
The global AI market is forecast to grow $1394.30 billion in 2023.
Investors and traders can tap into AI to benefit from features such as automation and accuracy.
Bitcoin and AI also have the capacity to combat frauds in transactions across global m...