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 / Bitcoin Stack Exchange - 2 years ago
blockchain.info - In blockchain wallet, Should I need to add fees amount in the sent bitcoin amount? - Bitcoin Stack Exchange
Bitcoin Stack Exchange is a question and answer site...
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
So here's my conundrum in a nutshell -- should I just say "screw it" and put every dime I make into Bitcoin...because I cannot think of what else to do with it.NOTE: Obviously this is a Bitcoin subreddit so you guys will bias towards Bitcoin, but the...
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
I already have a pretty good knowledge about it and things like proof of work, proof of stake, DeFi but I would like to learn more in-details things. I thought about a dev course such as Althash University, is it a good one? Any comment/advice?!
More / Bitcoin Reddit - 2 years ago
With all that has been happening in Canada lately allows yet again another opportunity to explain why Bitcoin fixes this.(Art created by Longque Chen) "Bitcoin fixes this" is a phrase that gets thrown around quite often. I will admit bitcoin does not...
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,...
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
Mass adoption of bitcoin is just a matter of time, and as the world faces that fact traditional financial institutions are warming up to the digital coin. Deutsche Bank analyst Marion Laboure has stated once more that Bitcoin could become “the...
Cryptocoins News / NewsBTC - 2 years ago
The buying pattern of bitcoin whales has long been an indicator for coming market movement. While it may not happen everything, the fact remains that these top addresses control enough of the supply between them to have significant impacts on the pr...
Bitcoin News / Bitcoin Stack Exchange - 2 years ago
Looking for a CLI tool like Bitcoin Explorer (bx) that will generate multiple seeds/mnemonics from a single entropy string, as per BIP85
Also one that allows for a decent multisig scheme? Or if not an automated tool, maybe a recomm...
More / Bitcoin Reddit - 2 years ago
I had to pretend like I hadnt seen the Munger clip all over bitcoin twitter. She also then went on to say crypto is in a huge bubble and it will fizzle out and gold will last a 1000 years. I dunno all my instincts tell me otherwise. Any advice on how...
Cryptocoins News / NewsBTC - 2 years ago
With the cryptocurrency space being such an angsty place, itβs no surprise that patience is rare. Only two weeks ago, Bitcoin rose 15%+ to near $42,000 only for traders, and retail investors alike become frustrated at how rangebound this worldβs mos...
by COINS NEWS - 2 years ago
Patience is so important. Most people in crypto are looking for a fast way to get financial freedom and that does happen but itβs all about timing. Bitcoin can go up 1000% in just a year but before that itβll be slowly decreasing 10% every other we...
Bitcoin News / Bitcoinist - 2 years ago
Data shows around $117 million in Bitcoin futures has liquidated within the last 24 hours as the price of the crypto slumps down to $40k.
Bitcoin Futures Market Observes $117 Million In Liquidations Over The Past Day
Today, the price of BTC has falle...
Cryptocoins News / NewsBTC - 2 years ago
As the Bitcoin price declines to $40k, on-chain data shows long-term holders have harvested some profits recently.
Bitcoin Long-Term Holder SOPR Shows Some Spikes Recently
As pointed out by an analyst in a CrypoQuant post, some BTC long-term holders...