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
We’ve all lost money. It’s a hard pill to swallow. And we know there is absolutely no way of getting our money back. However, with Bitcoin or crypto, it’s so much worse because you know the money is there, but completely irretrievable because you’ve...
More / Bitcoin Reddit - 2 years ago
We’ve all lost money. It’s a hard pill to swallow. And we know there is absolutely no way of getting our money back. However, with Bitcoin or crypto, it’s so much worse because you know the money is there, but completely irretrievable because you’ve...
More / Bitcoin Reddit - 2 years ago
We live in a debt driven economy where society wants what they want NOW, or SOON. Spend, spend, spend, spend. How could we not though when inflation is raging? Well do your best to limit your short-term needs, and build for the future. Life would be...
More / Bitcoin Reddit - 2 years ago
I bought in a small amount last year before this insane bull run, definitely kicking myself wishing i wouldve bought more, had life get in the way so i was absent from buying dor a few months but have started to DCA, it just feels like ill never catc...
by COINS NEWS - 2 years ago
All right folks, here's the ETH hopium you're looking for. I'm sure you've all heard about the fabled Merge that will be happening next year around June. Essentially Ethereum will transition from Proof of Work to Proof of Stake. When...
More / Bitcoin Reddit - 2 years ago
Given the new investment, there are 1220 BTC on the balance sheet of the state fund (about $ 67.3 million at the rate at the time of writing). “100 additional coins were bought at a discount,” wrote Bukele. https://preview.redd.it/ygbdj2554828...
Bitcoin News / Bitcoin.com - 2 years ago
As reports of a new Covid-19 strain spread, tanking the price of many cryptocurrencies, El Salvador bought the dip. The country has added 100 more bitcoins to its treasury despite a recent warning by the International Monetary Fund (IMF), bringing th...
More / Bitcoin Reddit - 2 years ago
I have been trying to get a concrete answer to a question that has been bugging me for a while. Why can't Bitcoin be banned by central governments if they think it will disrupt their control over the monetary system? I can see several ways in w...
More / Bitcoin Reddit - 2 years ago
I'm going to have a Trezor and store my seedphrase in a safe deposit box at my bank. How are you guys doing it? I also have seen YouTube videos of people with 200k+ in bitcoin just stored on blockfi or a similar sight earning interest. I'm no...
by COINS NEWS - 2 years ago
The Grandfather of Cryptocurrency, Bitcoin. We all know it and believe in it. I read advice regularly about diversification of portfolios, most people recommend Bitcoin between 40-50% of their holdings. However, how much of us live by this advice. As...
More / Bitcoin Reddit - 2 years ago
The other day I happen to mention to my manager that I was in to Bitcoin, his reply was 'Bitcoin is the biggest ponzi scheme ever and I won't be touching it, people must be stupid to buy it.' I just smiled and stayed silent, no need to tr...
Cryptocoins News / NewsBTC - 2 years ago
Sam Bankman-Fried, the founder of the crypto exchange FTX, is optimistic about Solana (SOL). He believes that Solana has the potential to scale to Bitcoin’s (BTC) mass adoption level. Bankman-Fried added that Avalanche (AVAX) also has the poten...
Cryptocoins News / CoinJournal - 2 years ago
Summary:
Bitcoin extended the current declines below $55,000 on Friday.
The pioneer cryptocurrency was not spared amid fears of the new Covid variant.
Bitcoin still enjoys strong support from the 100-day MA.
The Bitcoin price (BTC/USD) is dow...
Cryptocoins Exchanges / Binance - 2 years ago
Binance Coin's rankings in CoinMarketCap's historical snapshots, from one year to the next: 26-Nov-2017 #49 https://coinmarketcap.com/historical/20171126/ 25-Nov-2018 #14 https://coinmarketcap.com/historical/20181125/ 24-Nov-2019 #7 https://c...
Cryptocoins Exchanges / Binance - 2 years ago
Binance Coin's rankings in CoinMarketCap's historical snapshots, from one year to the next: 26-Nov-2017 #49 https://coinmarketcap.com/historical/20171126/ 25-Nov-2018 #14 https://coinmarketcap.com/historical/20181125/ 24-Nov-2019 #7 https://c...
Cryptocoins Exchanges / Binance - 2 years ago
Binance Coin's rankings in CoinMarketCap's historical snapshots, from one year to the next: 26-Nov-2017 #49 https://coinmarketcap.com/historical/20171126/ 25-Nov-2018 #14 https://coinmarketcap.com/historical/20181125/ 24-Nov-2019 #7 https://c...
Cryptocoins Exchanges / Binance - 2 years ago
Binance Coin's rankings in CoinMarketCap's historical snapshots, from one year to the next: 26-Nov-2017 #49 https://coinmarketcap.com/historical/20171126/ 25-Nov-2018 #14 https://coinmarketcap.com/historical/20181125/ 24-Nov-2019 #7 https://c...
Cryptocoins Exchanges / Binance - 2 years ago
Binance Coin's rankings in CoinMarketCap's historical snapshots, from one year to the next: 26-Nov-2017 #49 https://coinmarketcap.com/historical/20171126/ 25-Nov-2018 #14 https://coinmarketcap.com/historical/20181125/ 24-Nov-2019 #7 https://c...
