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,...
Bitcoin News / Bitcoinist - 2 years ago
Bitcoin’s price has fallen by more than three months, but US crypto miners aren’t backing down from adding more powerful computers to their operations.
A large chunk of Bitcoin mining occurred in the US, based on IP addresses from so-call...
by COINS NEWS - 2 years ago
Hey. Ive seen news that people have been donating crypto to Ukraine, but Iβm struggling to find out how to do it (fairly new to crypto). Can I donate through and exchange like crypto.com, or do I need to transfer through a blockchain or what? If any...
More / Bitcoin Reddit - 2 years ago
After tumbling down the rabbit hole of understanding Bitcoin and self custody, I want to move on to the next step: Multi-sigI could use some help from the broader community on this.I have 2 ledger nano x and would like to use multi sig (2 of 2). Are...
by COINS NEWS - 2 years ago
We use Peer-to-peer algorithms every day, and every time you use a site on the internet you are using it. To ensure security and authenticity. It is such a powerful tool, albeit yes being limited to the simple hash patterns we use today. With the dev...
Bitcoin News / Bitcoin.com - 2 years ago
Following Russia’s invasion of Ukraine, volatility in bitcoin and ethereum prices intensified, with both falling to one-month lows on Thursday. Both have since moved away from these lows so far today, in what looks like temporal consolidation....
Cryptocoins News / The Cointelegraph β - 2 years ago
Senator Ted Cruz during his Conservative Political Action Conference (CPAC) speech on Friday advocated for Bitcoin (BTC) again while lauding its decentralization.Cruz said he is very bullish on Bitcoin because it is highly decentralized and cannot be...
More / Bitcoin Reddit - 2 years ago
Just a little story to share. Yesterday me and my coworked attended and internal event where our "innovation manager" was playing buzzword bingo. Basically throwing all buzzwords around she could find "AI", "intelligent factory", "blockchain technolo...
by COINS NEWS - 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,...
by COINS NEWS - 2 years ago
Bitcoin (BTC) and altcoin trading volumes have surged at a major Ukraine cryptocurrency exchange in the aftermath of Russiaβs invasion, data shows.According to monitoring resource CoinGecko, on Feb. 24, volume on Kuna almost tripled to over $4 millio...
More / Etherum Reddit - 2 years ago
I've never seen better promotion for the necessity of bitcoin in my life. https://www.reddit.com/r/ethtrader/comments/t0tl01/comment/hycvkqf/?utm_source=share&utm_medium=web2x&context=3 submitted by /u/Mallardshead [link]...
by COINS NEWS - 2 years ago
In the last weeks I'm seeing a lot of people saying Bitcoin should be somehow controlled by the US government, because thanks to crypto, Putin could evade sanctions. Same things were said about the convoy protest in Canada. I know most users joi...
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 β - 2 years ago
Russian Bitcoin (BTC) miners are reportedly running as usual despite the governmentβs invasion of Ukraine this week. According to estimates from the Cambridge Bitcoin Electricity Consumption Index, miners in Russia accounted for around 11.2% of the g...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin found support near $34,300 and started a strong recovery against the US Dollar. BTC climbed above $38,000, but it is still struggling near $40,000.
Bitcoin found support near the $34,300 and $34,500 levels.
The price is trading above $38,000...
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 β - 2 years ago
Crypto mining operations based in the United States are committed to increasing their hash power with more hardware despite Bitcoinβs (BTC) three-month downturn.The Marathon Digital Holdings and GEM Mining companies in the U.S. told Cointelegraph thi...
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,...
Cryptocoins News / NewsBTC - 2 years ago
For the past year, bitcoin has shown a cyclicality that has been on a semi-regular basis. For most of last year, most months had finished in the positive with green candles dominating the market. However, while most of the months have been positive,...