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 / 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...
More / Bitcoin Reddit - 2 years ago
My understanding of Bitcoin is that it is a digital asset, much like physical gold. If that is the case, Much like how currencies used to be backed by gold reserves. If you held enough Bitcoin, could you create a new currency back by Bitcoin? I pres...
Bitcoin News / Bitcoin.com - 2 years ago
Bitcoin’s hashrate has been volatile in recent times following the same patterns as the crypto asset’s price. Three days ago, Bitcoin’s hashrate neared the 180 exahash (EH/s) zone only to plummet to 128 EH/s two days later. The r...
More / Bitcoin Reddit - 2 years ago
When they finally add the Bitcoin symbol to the keyboard, you know we've made it!!! The question is, where to put the key? Just replace the $ as the shift+4 key? Or make a whole new key for it? It's gotta go somewhere, what do you guys think....
More / Bitcoin Reddit - 2 years ago
I've been in Bitcoin for a while and feel comfortable in trading, hodling, and other basics like that. What I don't understand are all the offerings in regards to borrowing and lending Bitcoin. I understand the ideas, but I'm not sure whe...
More / Bitcoin Reddit - 2 years ago
Officially launched on January 3, 2009, by Satoshi Nakamoto, the Bitcoin system has proven to be remarkably stable since its inception. This is something that should be noted, as we are living in a more uncertain world than we have ever seen in the y...
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin price action is just 20% from all-time highs, but the market has reentered "extreme fear" for the first time since $43,000. Bitcoin (BTC) has stabilized at aro...
More / Bitcoin Reddit - 2 years ago
Disclaimer: This guide describes a Windows-10 setup, uses the Testnet network and requires an external tool to generate a BIP32 extended private key \"xprv" / "tprv"). If you know a good way to generate a "tprv" in v22.0...
by COINS NEWS - 2 years ago
El Salvador became one of the first countries heading towards Crypto adoption. Crypto community all appreciated the move. El Salvador's president, keeps promoting crypto and the adoption even though so many El Salvador people are against it. El...
by COINS NEWS - 2 years ago
One of my favourite activities is whale watching. According to Bitinfocharts, the third largest Bitcoin address just bought another 991 BTC at an average price of $54,190.34 few hours ago. As seen on Bitinfocharts website, this address...