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.
More / Bitcoin Reddit - 3 years ago
Dear "Green Mining Council", Last time someone tried to make a "better" bitcoin was Bitcoin Cash. Go fork yourself and see what happens. No centralized mining regulation. home miners forever. open pools forever. no "green min...
More / Bitcoin Reddit - 3 years ago
Dear "Green Mining Council", Last time someone tried to make a "better" bitcoin was Bitcoin Cash. Go fork yourself and see what happens. No centralized mining regulation. home miners forever. open pools forever. no "green min...
More / Bitcoin Reddit - 3 years ago
Dear "Green Mining Council", Last time someone tried to make a "better" bitcoin was Bitcoin Cash. Go fork yourself and see what happens. No centralized mining regulation. home miners forever. open pools forever. no "green min...
More / Bitcoin Reddit - 3 years ago
Dear "Green Mining Council", Last time someone tried to make a "better" bitcoin was Bitcoin Cash. Go fork yourself and see what happens. No centralized mining regulation. home miners forever. open pools forever. no "green min...
Cryptocoins News / NewsBTC - 3 years ago
Once again, Elon Musk has tweeted and pushed Bitcoin’s price beyond an important resistance area, for now. At the time of writing, BTC trades at $39,022 with a 15.5% profit in the daily chart.
BTC with bullish momentum in the daily chart. Sourc...
Cryptocoins News / The Cointelegraph - 3 years ago
Bitcoin price briefly tops $40,000 and Ether climbs above $2,600 as traders gain their composure following last week's "historic deleveraging event." Crypto traders we...
by COINS NEWS - 3 years ago
BTC institutional alert: In a filing minutes ago, Globant (NYSE: GLOB), market cap $8.7 billion, disclosed it has been buying Bitcoin. Filing (see page 10 and 28): https://www.sec.gov/Archives/edgar/data/1557860/000110465921071235/tm2116803d1_ex99-1....
More / Bitcoin Reddit - 3 years ago
Just a reminder of what a coincidence it was that we had 4-5 massive FUD bombs dropped within days of eachother. They literally brought the boat back. One day later billionaires are endorsing bitcoin again after their bags got stuffed. Stop worshipp...
Cryptocoins News / The Cointelegraph - 3 years ago
The CEO of MicroStrategy brokered a successful meeting between Elon Musk and North American Bitcoin miners. North America’s Bitcoin (BTC) mining industry appears to...
Bitcoin News / Bitcoin.com - 3 years ago
Tesla CEO Elon Musk has spoken with North American bitcoin miners and they have committed to forming a Bitcoin Mining Council to “promote energy usage transparency & accelerate sustainability initiatives worldwide.” They have also agr...
Cryptocoins Exchanges / Coinbase - 3 years ago
As Bitcoin has become increasingly mainstream, questions about how it works have naturally arisen among both investors and the general public. One of those questions is about the potential environmental impact of mining, which is the process the bloc...
More / Bitcoin Reddit - 3 years ago
https://twitter.com/michael_saylor/status/1396915801492439044?s=20 LES FUCKIN GO! submitted by /u/yolodogewtf [link] [comments]
More / Bitcoin Reddit - 3 years ago
https://twitter.com/michael_saylor/status/1396915801492439044?s=20 LES FUCKIN GO! submitted by /u/yolodogewtf [link] [comments]
More / Bitcoin Reddit - 3 years ago
https://twitter.com/michael_saylor/status/1396915801492439044?s=20 LES FUCKIN GO! submitted by /u/yolodogewtf [link] [comments]
More / Bitcoin Reddit - 3 years ago
now he's gonna "save btc"...hey, if we moon to 100k, all good brah. https://twitter.com/elonmusk/status/1396914548167233537?s=20 submitted by /u/yolodogewtf [link] [comments]
Bitcoin News / Bitcoin.com - 3 years ago
Global investment bank Goldman Sachs now considers bitcoin an investable asset. “Clients and beyond are largely treating it as a new asset class, which is notable — it’s not often that we get to witness the emergence of a new asset...
