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 - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Bitcoin News / Bitcoinist - 2 years ago
Tourism is booming in El Salvador. Since September, when the Bitcoin Law went into effect, itโs up by โmore than 30%.โ Good news all around, right? But, how did the media react? How did they report on these numbers? Weโll find out after the quotes fr...
Cryptocoins News / The Cointelegraph โ - 2 years ago
Bitcoin (BTC) price traded down 23% in the eight days following its failure to break the $45,000 resistance on Feb. 16. The $34,300 bottom on Feb. 24 happened right after the Russian-Ukraine conflict escalated, triggering a sharp sell-off in risk ass...
Cryptocoins News / NewsBTC - 2 years ago
Data shows more than $170 million in Bitcoin futures has liquidated over the past 24 hours as the price of the crypto makes sharp recovery above $38k.
BTC Price Makes Sharp Recovery From Crash Due To Russiaโs Invasion Of Ukraine
Following the commen...
Cryptocoins News / NewsBTC - 2 years ago
NFT activity is an important element in the Ethereum blockchain, accounting for most network transfers.
Demand for Bitcoin in the Ethereum ecosystem has decreased dramatically since the beginning of the year.
The surge in demand for NFTs and DeFi ap...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Bitcoin News / Bitcoinist - 2 years ago
Itโs official, Senator Ted Cruz is a bitcoiner. At least, to the degree to which we can trust politicians. Is this a sign of things to come or an exception to the rule? After flirting with the idea for a few weeks, Ted Cruz came out as a full-fledged...
Bitcoin News / Bitcoin.com - 2 years ago
With the conflict between Russia and Ukraine, many observers are curious about the large quantity of hashrate located in Russia, as the region reportedly controls the third-largest sum of SHA256 hashpower worldwide. Furthermore, on February 24, the e...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Bitcoin News / Bitcoinist - 2 years ago
Rapper Drake has been very open with his dealings in bitcoin lately. The Canadian rapper who has gained superstardom continues to increase his involvement with the digital asset. He recently send some bitcoin to fellow rapper Kodak Black, officially...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin and gold have been going head to head in performance in light of the recent crisis between Russia and Ukraine. As the conflict rages on, the financial markets have been hit hard. Russia saw its stock market crash over 45% and other financial...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Cryptocoins News / The Cointelegraph โ - 2 years ago
Bitcoin (BTC) kept $40,000 in play at the Wall Street open on Feb. 25 after 16% daily gains increased bulls' confidence.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWhales "leading the charge" towards $40,000Data from Cointelegraph Mark...
Cryptocoins News / CoinJournal - 2 years ago
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Cryptocoins News / The Cointelegraph โ - 2 years ago
Buyers returned to the Bitcoin (BTC) market, locating interim upside opportunities as the price rebounded to nearly $40,000 on Feb. 25, gaining 16% in less than 24 hours.ย Investors bulk up Bitcoin holdingsThe number of Bitcoin addresses with a balanc...
Bitcoin News / Bitcoin.com - 2 years ago
Yuval Ben Haym, regional manager of Remax, a real estate firm that operates worldwide, has announced that the “first” real estate purchase with cryptocurrencies has already occurred in Chile. The purchase, that was made using bi...