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
https://www.reddit.com/r/todayilearned/comments/jzq36t/til\_that\_the\_46\_billion\_streams\_of\_despacito\_used/ Lets also emphasize here this is for a MUSIC VIDEO and just one of millions of millions of YouTube videos. Nothing transaction wise or...
More / Bitcoin Reddit - 3 years ago
https://www.reddit.com/r/todayilearned/comments/jzq36t/til\_that\_the\_46\_billion\_streams\_of\_despacito\_used/ Lets also emphasize here this is for a MUSIC VIDEO and just one of millions of millions of YouTube videos. Nothing transaction wise or...
More / Bitcoin Reddit - 3 years ago
https://www.reddit.com/r/todayilearned/comments/jzq36t/til\_that\_the\_46\_billion\_streams\_of\_despacito\_used/ Lets also emphasize here this is for a MUSIC VIDEO and just one of millions of millions of YouTube videos. Nothing transaction wise or...
More / Bitcoin Reddit - 3 years ago
https://www.reddit.com/r/todayilearned/comments/jzq36t/til\_that\_the\_46\_billion\_streams\_of\_despacito\_used/ Lets also emphasize here this is for a MUSIC VIDEO and just one of millions of millions of YouTube videos. Nothing transaction wise or...
More / Bitcoin Reddit - 3 years ago
https://www.reddit.com/r/todayilearned/comments/jzq36t/til\_that\_the\_46\_billion\_streams\_of\_despacito\_used/ Lets also emphasize here this is for a MUSIC VIDEO and just one of millions of millions of YouTube videos. Nothing transaction wise or...
More / Bitcoin Reddit - 3 years ago
https://www.reddit.com/r/todayilearned/comments/jzq36t/til\_that\_the\_46\_billion\_streams\_of\_despacito\_used/ Lets also emphasize here this is for a MUSIC VIDEO and just one of millions of millions of YouTube videos. Nothing transaction wise or...
More / Bitcoin Reddit - 3 years ago
https://www.reddit.com/r/todayilearned/comments/jzq36t/til\_that\_the\_46\_billion\_streams\_of\_despacito\_used/ Lets also emphasize here this is for a MUSIC VIDEO and just one of millions of millions of YouTube videos. Nothing transaction wise or...
More / Bitcoin Reddit - 3 years ago
https://www.reddit.com/r/todayilearned/comments/jzq36t/til\_that\_the\_46\_billion\_streams\_of\_despacito\_used/ Lets also emphasize here this is for a MUSIC VIDEO and just one of millions of millions of YouTube videos. Nothing transaction wise or...
Cryptocoins News / The Cointelegraph - 3 years ago
The number of whale wallets is down 16% since February. As Bitcoin looks to recover on Friday from a stomach-churning dip on the back of a strong bid, on-chain data in...
Bitcoin News / Bitcoin.com - 3 years ago
Square, a fintech and digital payments company, has declared earlier today it doesn’t have plans to purchase more bitcoin in the near future. The company also referred to the carbon footprint of the Bitcoin network and how it is a real issue th...
Bitcoin News / Bitcoin.com - 3 years ago
The price of bitcoin has seen better days, as the coin’s value hit $59,600 four days ago and then saw the exchange rate tumble to a low of $45,700 per unit on May 12. There have been talks of whales selling coins and data shows that there&rsquo...
More / Bitcoin Reddit - 3 years ago
There are multiple reasons why the energy consumption makes sense, since it prevents certain network attacks, like following: You really have to invest much in hardware & energy to mine blocks - and unlike with POS coins, it's therefore not...
by COINS NEWS - 3 years ago
Criticism of BTC: ✅ Energy inefficient ✅ Slow ✅ Expensive transactions Acting like anything else is delusional and makes all of us look like lunatic cult members. To see people defend Bitcoin this much is kindda embarrassing. It's the first crypt...
Cryptocoins News / The Cointelegraph - 3 years ago
An increasing number of high-profile celebrities have continued to adopt the “laser eye” meme on Twitter in recent months. Beams of light flashing out of a person’s ey...
Cryptocoins News / CoinJournal - 3 years ago
From crypto ETF products to stable coins, here are the leading stories you might have missed this weekVanEck looking to be the first to list an Ether ETFGlobal investment firm VanEck is likely to be the first institution to have an Ethereum ETF in th...
