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 / Bitcoin.com - 3 years ago
A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. His efforts follow El Salvador passing a bill making bitcoin legal tende...
More / Bitcoin Reddit - 3 years ago
So I think that as the world begins to use crypto more and more that domain names that can be used to link your crypto wallets will grow in popularity the same way IG/twiter names are. So instead of sending someone a really long random address I can...
More / Bitcoin Reddit - 3 years ago
Iβm throwing darts here but would be awesome if someone did the research. Just from growing up loving to play every type of strategy game devised, China is on a path to world domination, and they are realizing that Bitcoin is a factor they didnβt tak...
by COINS NEWS - 3 years ago
2011 - No one uses bitcoin. 2012 - Only computer nerds use bitcoin. 2013 - Only drug dealers use bitcoin. 2014 - Only money launderers use bitcoin. 2017 - Only gamblers use bitcoin. 2019 - Only a fraction of the population uses bitcoin. 2020 -...
Bitcoin News / Bitcoin.com - 3 years ago
The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming f...
More / Bitcoin Reddit - 3 years ago
This is very important. There are hundreds of million of people who own Bitcoin, but there are only 53 million wallets. Link to site showing number of wallets: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html Given that exchanges an...
by COINS NEWS - 3 years ago
Hey everyone, Given the recent volatile times, I believe it's time to take a step back from the speculation and start educating ourselves. This post is mainly meant for beginners as I assume it is common knowledge for our crypto verterans. Only t...
More / Bitcoin Reddit - 3 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 3 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 3 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 3 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 3 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 3 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 3 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 3 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 3 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 3 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
More / Bitcoin Reddit - 3 years ago
At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stabl...
Bitcoin News / Bitcoin.com - 3 years ago
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as...