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've been interested in Bitcoin since I heard about it back in 2010, I CPU mined, I GPU mined with my company's computers (with their knowledge of course). I amassed a good amount and then when the price started going up at the end of 2017 I...
More / Etherum Reddit - 2 years ago
.23% of all ethereum supply submitted by /u/Historian_investor [link] [comments]
More / Bitcoin Reddit - 2 years ago
I've just bought about $125 worth of bitcoin just because thats what i could spare. It dropped for a bit, but is starting to come back up. This is the first kind of crypto or investment I've ever dipped my toes into. Edit: I know bitcoin isn&...
More / Bitcoin Reddit - 2 years ago
Started in October 2017, thought I was late (everybody does), did it anyway. I'm buying every month and updating the charts. I kinda had a vision I will stack myself to million dollars (and euros eventually). The longer my journey has been, the m...
More / Bitcoin Reddit - 2 years ago
I know it is a small step but it is a big deal for me!!! My total now is .2 Bitcoin! Working toward a whole coiner! Thank you for this community, I am a big believer in Bitcoin. Hope my kids will thanks me for this! submitted by /u/v2t...
by COINS NEWS - 2 years ago
I first got into Bitcoin in December 2017 and quickly saw the awful collapse of 2018 - 2020 Bear market. But during that time of January 2018 I really started to research Bitcoins history and technology and I really fell in love. Now this post wont b...
More / Bitcoin Reddit - 2 years ago
I'm not totally sure if this quote is accurated. It seems right! submitted by /u/el_timinou [link] [comments]
More / Bitcoin Reddit - 2 years ago
Bitcoin still functions properly. The limit is still 21 million. Blocks are still mined every 10 minutes on average. The government still cannot merely confiscate it. It is still digital scarcity. It will still eventually reach a point where no...
Bitcoin News / Bitcoin.com - 2 years ago
A great number of cryptocurrencies dropped considerably in value during the early morning hours (after 12:00 a.m. EST) on December 4. At the time of writing, the crypto economy is down more than 16% and the price of bitcoin slid below the $50K zone t...
Cryptocoins News / The Cointelegraph β - 2 years ago
Over the last 10 years, Bitcoin has been through 20 different bear markets. Is it finally starting to prove itself? Bitcoin (BTC) was created in the aftermath of the...
Cryptocoins News / The Cointelegraph β - 2 years ago
The second-largest cryptocurrency posts dwarfed losses compared to Bitcoin's 21% price decline Saturday. Ethereum's native token Ether (ETH) plunged alongside other cr...