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 / Google News Bitcoin - 2 days ago
Snowden Issues 'Final Warning' to Bitcoin Developers on Privacy Enhancements β Bitcoin News& & Bitcoin.com News
Bitcoin News / Google News Bitcoin - 2 days ago
BTC Price Continues to Trade Within Narrow Range: Hereβs Why There Is No Growth After the Bitcoin Halving& & Coinpedia Fintech News
More / Bitcoin Reddit - 2 days ago
Went to check in on my wallet the other day, and have been freaking out a bit since. My 0.29 BTC, which hasnβt moved from my wallet since I put it there, isnβt showing up in my βtotalβ bitcoin assets at all. I havenβt lost it somehow have I? Wh...
More / Bitcoin Reddit - 2 days ago
Peter Schiff: Gold has an actual value because of its real-world usage. And because of scarcity, of course, but that's a secondary trait. It has to be combined with the real-world usage and the chemical properties of gold in order for it to have...
More / Bitcoin Reddit - 2 days ago
How many times I hear people say this unironically is just bewildering. submitted by /u/GeorgePakaw [link] [comments]
Bitcoin News / Google News Bitcoin - 2 days ago
Bitcoin Price Prediction: Trading Legend Peter Brandt Bets Big With $125,000 Target& & Coinpedia Fintech News
More / Bitcoin Reddit - 2 days ago
Particularly for the Bitcoin maximalists, do you believe that Bitcoin is perfect and could not be improved? If you do feel that Bitcoin is perfect in its current form, do you see the network congestion (such as what we experienced on the day of the h...
Bitcoin News / Bitcoin.com - 2 days ago
Statistics indicate that after a prolonged period of 78 days, Grayscale’s Bitcoin Trust has ceased experiencing outflows, observing an infusion of $63 million on Friday, equating to around 1,030 bitcoins. GBTC Sees First Inflows After 78 Days...
by COINS NEWS - 2 days ago
Hello everyone, First of all: I know we can't see the future, I just want to get your opinion on the ETFs and the current sentiment. The longer this bull run lasts, the more I think about selling at least 50%. In mid 2023 I bought BTC and E...
More / Bitcoin Reddit - 2 days ago
https://microstrategy.github.io/did-btc-spec/ I let Llama 3 8b explain that thing to me like a 10year old. Can someone proof if this make sense? I see a lot of fun coming explaining bitcoin to nocoiners Imagine you have a super cool, high-tech lockbo...
Bitcoin News / Google News Bitcoin - 2 days ago
'The Dollar Will Be Worth Nothing'βElon Musk Issues Stark Fed Warning As 'Stealth Money Printing' Grinds Bitcoin ...& & Forbes