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.
Bitcoin News / Bitcoin.com - 2 years ago
In less than two weeks after its previous bitcoin purchase, Microstrategy bought more bitcoins. The company has added 1,434 coins to its treasury, bringing the total holdings to 122,478 coins. At the time of writing, the company’s total bitcoi...
Cryptocoins Exchanges / Binance - 2 years ago
Bitcoin has 17 million coins and trading at 50,000 and nmr has 5 millions coins trading at $35 does anyone know anything about NMR. Also the reason why itβs not trading high with low circulation of coins. submitted by /u/Next_Breadfruit...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin is struggling to clear the $50,000 resistance zone against the US Dollar. BTC could decline heavily if there is a clear move below the $47,300 level.
Bitcoin is struggling and showing bearish signs below the $50,000 resistance.
The price is...
More / Bitcoin Reddit - 2 years ago
For years, Bitcoin has faced the competitive challenge posed by the Ethereum strategy. What is the Ethereum strategy? A better (Turing complete) blockchain scripting language (such as Solidity) would lead to more innovation in smart contracts. In the...
Cryptocoins News / The Cointelegraph β - 2 years ago
ETH has outperformed BTC by more than 230% this year and derivatives data suggests traders believe the altcoin has a lot more upside. Most traders have noticed that E...
Cryptocoins News / The Cointelegraph β - 2 years ago
U.S. Bank launched crypto custody services for institutional investors in October as part of a partnership with New York Digital Investment Group. New York-based asset...
Cryptocoins News / The Cointelegraph β - 2 years ago
βItβs unlikely that a native on-chain solution will supersede [layer-one] solutions like Stacks,β said Mitchell Cuevas, head of growth at the Stacks Foundation. The S...
More / Bitcoin Reddit - 2 years ago
Looking to do something like this, but preferably something that makes more that a Customer Service Rep on a Crypto platform. What have yall done? submitted by /u/thadiusb [link] [comments]
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin price is clearly on the ropes, sending the market and its participants into a state of extreme fear. But much like a superhero donning their cape and hustling toward danger, an ultra-reliable bottom signal has returned to save the day.
Here i...
Cryptocoins News / NewsBTC - 2 years ago
A lot of predictions had put the price of bitcoin at $100,000 by the end of the year and although there are still some weeks left to go, it does not look like these predictions will come to pass. Bitcoin has however maintained a bullish trend despite...
by COINS NEWS - 2 years ago
This latest buy from MicroStrategy (Michael Saylor's Company) of Bitcoin has made this inequality very apparent to me- the big becomes bigger and the small becomes smaller. (proportionately speaking) The most shocking figure for me was that the...
Cryptocoins News / NewsBTC - 2 years ago
On-chain data shows Bitcoin inflows are trending up, a sign that whales might be increasing their dumping. This could prove to be bearish for the coin.
Bitcoin Inflows Move Up As Whales Continue To Sell
As pointed out by a CryptoQuant post, on-chain...