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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by COINS NEWS - 3 years ago

When usage doesn't care about bears and dips. Last week 59 BTC were traded in Venezuela using LocalBitcoin (a increase from 33 BTC from last week), that was around 7,000,000,000,000 Bs. (Bolivares, Venezuelan currency VES). One BTC is around 109,000,000,0

Hi guys, Happy bear market and happy hodling! As you know, Venezuelan living here crypto entusiast! CoinDance updated their numbers! LocalBitcoin numbers are very low currently, around 2-3 mil USD weekly. Used to be the double! Binance is becoming...

by COINS NEWS - 3 years ago

When usage doesn't care about bears and dips. Last week 59 BTC were traded in Venezuela using LocalBitcoin (a increase from 33 BTC from last week), that was around 7,000,000,000,000 Bs. (Bolivares, Venezuelan currency VES). One BTC is around 109,000,000,0

Hi guys, Happy bear market and happy hodling! As you know, Venezuelan living here crypto entusiast! CoinDance updated their numbers! LocalBitcoin numbers are very low currently, around 2-3 mil USD weekly. Used to be the double! Binance is becoming...

by COINS NEWS - 3 years ago

When usage doesn't care about bears and dips. Last week 59 BTC were traded in Venezuela using LocalBitcoin (a increase from 33 BTC from last week), that was around 7,000,000,000,000 Bs. (Bolivares, Venezuelan currency VES). One BTC is around 109,000,000,0

Hi guys, Happy bear market and happy hodling! As you know, Venezuelan living here crypto entusiast! CoinDance updated their numbers! LocalBitcoin numbers are very low currently, around 2-3 mil USD weekly. Used to be the double! Binance is becoming...

by COINS NEWS - 3 years ago

When usage doesn't care about bears and dips. Last week 59 BTC were traded in Venezuela using LocalBitcoin (a increase from 33 BTC from last week), that was around 7,000,000,000,000 Bs. (Bolivares, Venezuelan currency VES). One BTC is around 109,000,000,0

Hi guys, Happy bear market and happy hodling! As you know, Venezuelan living here crypto entusiast! CoinDance updated their numbers! LocalBitcoin numbers are very low currently, around 2-3 mil USD weekly. Used to be the double! Binance is becoming...

More / Bitcoin Reddit - 3 years ago

The Bitcoin Bull Run is NOT over...

...unless every single metric, history and fundamentals are wrong. Every FUD I've heard and read is baseless and debunked. Do your own research before selling your coins. Watch this: https://youtu.be/adylzOJf_A4?t=1 Topics & timestamps: 0...

More / Etherum Reddit - 3 years ago

How to decouple from Bitcoin.

If you would like Ethereum to be decoupled from Bitcoin so that we are immune from any negative press about Bitcoin, there is an easy solution. Sell BTC and buy ETH. #DecoupleFromBitcoin submitted by /u/capabus [link] [comments]

More / Bitcoin Reddit - 3 years ago

The anti-bitcoin anti-cryptos, are IDIOTS!

Think about it, during the crash to $30K, why did the FUD and bad news suddenly disappear? If there are powerful people who can control narrative who badly want to kill or burst the crypto bubble, why not deliver the killing blow? During that time,...