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.
Cryptocoins News / The Cointelegraph - 2 years ago
Dobson is the second developer to leave Bitcoin Core in the past two months. Developer Samuel Dobson announced via a series of tweets on Thursday night that he is step...
Cryptocoins News / NewsBTC - 2 years ago
The number of bitcoin active addresses had declined following the September market crash but promptly picked up again in October. At the beginning of December, another dip rocked the market that sent addresses plummeting once more. The number had dro...
More / Bitcoin Reddit - 2 years ago
I am a beginner who just bought 200 dollars worth of bitcoin yesterday and invested it. I only know that you should hold on to it as it will increase over time. However, I'm hearing more about this bitcoin dip that's happening right now and h...
Cryptocoins News / The Cointelegraph - 2 years ago
The bearish setup sees Bitcoin price crashing to as low as $25,000. Bitcoin (BTC) could be forming a so-called "double top" pattern after falling by over 30% from its...
More / Bitcoin Reddit - 2 years ago
About a week ago I made a post about my small business starting to pay net wages in Bitcoin to those who wanted it. Well, today was payday, so here's how it went: The week before, we gave a small crash course on Bitcoin, how to use it if they so...
More / Bitcoin Reddit - 2 years ago
I often read lists of tips and other best practices in the Bitcoin world, but I thought it would be interesting to share the worst Bitcoin advice you may have received throughout your adventure in this incredible monetary revolution. submitted...
Cryptocoins News / The Cointelegraph - 2 years ago
CPI data is in line with forecasts but still shows a huge spike, while the long-term consequences for Bitcoin are far from universally positive. Bitcoin (BTC) surged o...
More / Bitcoin Reddit - 2 years ago
How accurate is this? submitted by /u/edwardianpug [link] [comments]
Cryptocoins Exchanges / Binance - 2 years ago
I wish to withdraw some bitcoin from binance, so I withdrew it to my Metamask wallet through Binance smart chain. Now it's BTCB, can I sell it as BTC on a exchanging website? I'm new to crypto so excuse my ignorance, thank you. submitt...