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 / NewsBTC - 3 years ago
In partnership with Coinme, MoneyGram has announced today their intent to accept buying and selling of Bitcoin at over 12,000 US locations. The announcement also included the intent to expand support for Bitcoin internationally by the back half of 20...
More / Bitcoin Reddit - 3 years ago
So Bitcoin is widely looked at as an inflation hedge, right? So why today when the stock markets is taking a beating due to the highest inflation rate in 13 years is Bitcoin also down. Shouldnβt the opposite be true? If anyone has any insight it woul...
More / Bitcoin Reddit - 3 years ago
Some time ago, 8.5 Btc where bought, Had a girlfriend and all that shit, together we moved, Fixed a house for her, their parents drop some money to lend, Took the money and bought a kitchen with it. The total bill of the kitchen, 7200$ with Silestone...
Cryptocoins News / NewsBTC - 3 years ago
The leading global crypto exchange and derivatives trading platform OKEx recently announced support for Bitcoin’s scalability solution, Lightning Network. Regarding the new development, we had the opportunity to interact with Jay Hao, CEO of OK...
Cryptocoins News / The Cointelegraph β - 3 years ago
βThis isnβt the Strike car, the Coinbase car, the Kraken car [...] this is the Bitcoin car,β said Jack Mallers. A car and driver branded with the Bitcoin logo will be...
Cryptocoins News / The Cointelegraph β - 3 years ago
Ethereum puts in two USD all-time highs in a day, but in BTC terms, it still has a long way to go. Ether (ETH) set a second all-time high on May 12 as the largest alt...
Bitcoin News / Bitcoin.com - 3 years ago
Moneygram will start letting customers buy and sell bitcoin at 12,000 locations, thanks to a partnership with Coinme. The collaboration “will bring bitcoin to thousands of new point-of-sale locations in the U.S. with plans to expand to select i...
Cryptocoins News / The Cointelegraph β - 3 years ago
The U.S. SEC will monitor the compliance of mutual funds with exposure to Bitcoin futures and look into whether the market can accommodate an ETF. The United States Se...
More / Etherum Reddit - 3 years ago
I have a coinbase account but nowhere online do they say how i can use bitcoin to buy eth??? The only guides i can find out there are for how to buy eth with fiat. Has anyone done this themselves recently? Are the fees similar to using fiat? s...
Cryptocoins News / The Cointelegraph β - 3 years ago
MoneyGram customers in the United States will soon be able to buy Bitcoin in the countryβs retail outlets across the country. Crypto adoption among mainstream payment...
Bitcoin News / Bitcoin.com - 3 years ago
Last week, ethereum options volume surpassed bitcoin’s for the first time on the digital currency derivatives exchange Deribit. Further, the trading platform recently introduced a $50k ETH strike for March 2022 and explained the $50k call is &l...
More / Bitcoin Reddit - 3 years ago
Hi everyone. I'm throwing a hail mary here - because desperate times call for desperate measures. As bitcoin continues at breakneck speed toward mass adoption, state legislatures will soon set their sights on regulating and taxing bitcoin and al...
More / Bitcoin Reddit - 3 years ago
I apologize if this is a bit off topic, but I am finding myself increasingly isolated as a newbie who is developing a fascination with all things Bitcoin. I have noticed that a devotion to Libertarian economics often goes hand-in-hand with immersion...
Bitcoin News / Bitcoin.com - 3 years ago
The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitco...
Cryptocoins News / NewsBTC - 3 years ago
Bitcoin custody firm NYDIG has appointed John Dalby as its new CFO. Dalby spent almost three years at the world’s largest hedge fund, Bridgewater Associates. Commenting on his new role, he said:
“The growth of NYDIG has been incredible. E...