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
I proudly have to say I've helped 10 people and their families into buying bitcoin and holding their private keys. I have 3 more people pending to meet with and explain the future of the worlds finance. I guess I should have been a sales person,...
More / Bitcoin Reddit - 2 years ago
Lets say that the dollar does collapse and we were using bitcoin and I wanted to buy a cup of coffee. How would we value that cup of coffee in satoshis? Would it then be measured by other fiat? Edit: value of bitcoin compared to goods, big question I...
by COINS NEWS - 2 years ago
Not shilling Ben Cowen here, but I quite like that saying. So it’s interesting to note that among other TA observations, he speculated that BTC would test the 50 week moving average of $47.4k this week, and that it would be a critical line to hold be...
Bitcoin News / Bitcoin.com - 2 years ago
Cleanspark, a sustainability-focused bitcoin mining company, has announced it will kick-start a 20 MW initiative in its Norcross bitcoin mining facility where miners will be cooled via immersion. The company will host more than 5,900 miners in this f...
Cryptocoins News / The Cointelegraph - 2 years ago
Miami Mayor Francis Suarez also receives a part of his salary in Bitcoin with the help of third-party payment processor Strike. The long-standing mayor of Miami, Fran...
Cryptocoins News / NewsBTC - 2 years ago
On Monday, it was determined by a Miami court that Craig Wright, the alleged creator of Bitcoin, would pay $100 million in damages to David Kleiman, Wright’s late partner, brother Ira Kleiman. The case had dragged on for about a year and finally came...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin’s drop to $42,000 obliterated its open interest and liquidated a large swath of leveraged traders, but analysts say OI resets typically provide great buying opportunities....
More / Bitcoin Reddit - 2 years ago
There are frequent posts asking about how to learn bitcoin. I feel too few of them seriously consider the idea of learning to code. And I'm not talking about writing your own ECDSA library, I'm talking about typing your error message in the g...
Cryptocoins Exchanges / Binance - 2 years ago
At this bad moment, the big dive of BTC and various coins has caused the current trading volume to increase. There have also been a large number of teams or individuals issuing candies or private equity scams on the market, causing many people who mo...
by COINS NEWS - 2 years ago
Back in 2010 the U.S. Government forced Mastercard to stop processing donations for WikiLeaks, effectively forcing WikiLeaks to accept donations in another way This forced them to accept Bitcoin for donations instead of donations in FIAT like the U.S...
More / Etherum Reddit - 2 years ago
My Original post got removed. No idea why? lol. Just wanted to learn how the protocol/development works. Here I am posting the same thing. If any kind crypto nerds want to explain, would be thankful. My main question is how are new upgrade/ new feat...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin’s utility as an inflation hedge has been a big push for the adoption of the cryptocurrency by investors. Ethereum on the other hand is fast-rising to become the preferred crypto for hedging against inflation for investors. The digital asset’s...
More / Etherum Reddit - 2 years ago
Technically, why? I’m not very knowledgeable yet on the technical differences between bitcoin and “utility” protocols like ethereum besides simple stuff like block size and proof of work/stake. What does it even mean to “build” an app on a blockchain...
Cryptocoins News / NewsBTC - 2 years ago
On-chain data shows Bitcoin miner reserve is growing as miners are accumulating BTC. The Puell Multiple confirms that miners don’t want to sell at the current price level.
Bitcoin Miner Reserves Grow To Highest Value For The Year
As pointed out...
Cryptocoins News / The Cointelegraph - 2 years ago
BTC price continues to soften, but new exchange listings and protocol upgrades provided a much-needed boost for FLUX, SFP and BADGER. The year-long mantra that the cry...