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
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
More / Bitcoin Reddit - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
More / Bitcoin Reddit - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
More / Bitcoin Reddit - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
More / Bitcoin Reddit - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
More / Bitcoin Reddit - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
More / Bitcoin Reddit - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
by COINS NEWS - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said that...
by COINS NEWS - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said that...
by COINS NEWS - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said that...
by COINS NEWS - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
by COINS NEWS - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
by COINS NEWS - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
by COINS NEWS - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
by COINS NEWS - 2 years ago
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said...
More / Bitcoin Reddit - 2 years ago
Landsvirkjun, the national Icelandic electrical company has confirmed it cut the amount of power it will offer for several industries, like aluminum smelters and Bitcoin miners. A representative for the company said that it had to cut down t...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin has recorded significant losses in just the first week of December. The digital asset has taken some of the largest hits for the year in just last week alone following liquidations over the weekend. This has expectedly had a huge impact on th...
More / Bitcoin Reddit - 2 years ago
If anyone would like the invite just DM me your shaketag and Iβll invite you ASAP. submitted by /u/Aidsfordayz [link] [comments]
Cryptocoins News / CoinJournal - 2 years ago
The Starwood Capital Group chairman says governments keep printing money but no one can make more of Bitcoin.
He notes that in a world with such monetary policies, the only “smart hedge” is Bitcoin.
According to the billionaire, who...
Cryptocoins News / CoinJournal - 2 years ago
Many analysts believe Bitcoin BTC/USD will eventually dislodge gold. Anthony Scaramucci of SkyBridge Capital, for instance, says that while gold has a 5,500-year history as a store of value, the increasing adoption of crypto technologies leaves gold...
Cryptocoins News / The Cointelegraph β - 2 years ago
Friday's sell-off made exchanges shed excess BTC even faster than before, data shows. Bitcoin (BTC) recovered from a dip below $50,000 on Dec. 8Β as Wall St. trading op...