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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Buy or hodl, says investor Raoul Pal as Bitcoin price chart hints at 'falling wedge'

Investment strategist Raoul Pal suggested traders should probably buy the Bitcoin dip as its price crashes to two-month lows. Raoul Pal wants Bitcoin investors to mobi...

How do you generate a Bitcoin wallet by hand?

SONY has patented a system to allow live betting on esports matches – potentially using anything from bitcoin to in-game items!

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It’s not so easy to defeat bitcoin

Btc has been tested time and again throughout the years. It has endured every insult, every attempt to destroy it, and it has won every battle thrown at it so far. It will take a lot more to subdue this beast of a currency. Everything is insignifican...

Bitcoin Dominance Slips To 3-Year Low As Liquidation Hits $2.5 Billion Longs

Yesterday’s Twitter feud between business tycoon Elon Musk and the crypto community had far-reaching consequences that went beyond the constant verbal sparring on the popular social media site. For the crypto market, it was a disaster. Liquidat...

Bitcoin Stock-to-Flow Still ‘Intact’ Says Creator, Crypto Fear Index Taps 12-Month Low

The leading cryptocurrency bitcoin has dropped 20% in value after Tesla announced on May 12, the electric car firm would not be accepting bitcoin for purchases. Two days later, the creator of the notorious stock-to-flow cross-asset (S2FX) price model...

ARK weighs on Elon drama, is firmly on Team Bitcoin:

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UK Bitcoin wallet provider Caricoin to create NFT platform for reggae artists

Reggae and dancehall musicians in the Caribbean may soon have a nonfungible token platform to help gain greater control of their creative work. Jamaican reggae artist...

Yay or nay? New petition demands Elon Musk sell all his Bitcoin

The "Dogefather" has gone too far for some Bitcoin hodlers and should allow a "better custodian" to own them instead, said the petition's creator. Tesla and SpaceX CEO...