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 - 3 years ago
I am amazed at how quickly the authorities have "awoken" to the Apex Predator in the room. I have always known why I'm in Bitcoin. For me, it has always been around the following core values: Decentralized, with no controlling authority...
More / Bitcoin Reddit - 3 years ago
I am amazed at how quickly the authorities have "awoken" to the Apex Predator in the room. I have always known why I'm in Bitcoin. For me, it has always been around the following core values: Decentralized, with no controlling authority...
More / Bitcoin Reddit - 3 years ago
I am amazed at how quickly the authorities have "awoken" to the Apex Predator in the room. I have always known why I'm in Bitcoin. For me, it has always been around the following core values: Decentralized, with no controlling authority...
More / Bitcoin Reddit - 3 years ago
I am amazed at how quickly the authorities have "awoken" to the Apex Predator in the room. I have always known why I'm in Bitcoin. For me, it has always been around the following core values: Decentralized, with no controlling authority...
More / Bitcoin Reddit - 3 years ago
I am amazed at how quickly the authorities have "awoken" to the Apex Predator in the room. I have always known why I'm in Bitcoin. For me, it has always been around the following core values: Decentralized, with no controlling authority...
More / Bitcoin Reddit - 3 years ago
I am amazed at how quickly the authorities have "awoken" to the Apex Predator in the room. I have always known why I'm in Bitcoin. For me, it has always been around the following core values: Decentralized, with no controlling authority...
More / Bitcoin Reddit - 3 years ago
I am amazed at how quickly the authorities have "awoken" to the Apex Predator in the room. I have always known why I'm in Bitcoin. For me, it has always been around the following core values: Decentralized, with no controlling authority...
More / Etherum Reddit - 3 years ago
I am really curious to see how decentralised these coins are, as I heard many FUD about Doge that 28% of all supply belongs to one wallet. But I couldn't find transparency like Doge in other cryptos. Moreover, when a new coin is introduced to gen...
More / Bitcoin Reddit - 3 years ago
It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by making a reference to the RBI circular DBR.No.BP.BC.104/08.13.102/2017-18 dated April 0...
Cryptocoins News / The Cointelegraph - 3 years ago
Long-term Bitcoin holders remain unfazed by the recent sell-off, but there is still one alarming sign. A recent run-down in Bitcoin’s (BTC) price from about $65,000 to...
Bitcoin News / Bitcoin.com - 3 years ago
The Bitcoin.com team is excited to announce integration of Ethereum into the Bitcoin.com Wallet. That means anyone can now buy, receive, store, trade, and send ether (ETH) with the convenience and security of the industry’s most user-friendly,...
Cryptocoins News / The Cointelegraph - 3 years ago
Cryptocurrency investors should be ready to lose all their holdings, according to Ireland’s central bank financial conduct director. Ireland’s central bank director ge...
Cryptocoins News / The Cointelegraph - 3 years ago
Strong hands are hodling stronger than ever as May 2021 lines up to be the worst May ever for Bitcoin. Bitcoin (BTC) is starting a new week bearish or as a firm “buy”...
More / Bitcoin Reddit - 3 years ago
Dear Bitcoiners, I am running for Public Advocate in the City of New York, and a poll was commissioned, and with 20 days out, I was polling at 5% on the Democratic line. Who wins the Democratic line wins the election. Those fellow bitcoiners th...
by COINS NEWS - 3 years ago
In a recent report by blockchain analytics company Chainalysis, the firm's Chief Economist Philip Gradwell explains that whales bought 77,000 bitcoin last week, now worth over $3 billion. The buys by institutional investors took place when Bitcoi...
More / Bitcoin Reddit - 3 years ago
Ask (and answer!) away! Here are the general rules: If you'd like to learn something, ask. If you'd like to share knowledge, answer. Any question about Bitcoin is fair game. And don't forget to check out /r/BitcoinBeginners You can sort...
Bitcoin News / Bitcoin.com - 3 years ago
Ever since government officials in China started talking about cracking down on bitcoin mining and reiterating crypto guidelines from 2017, digital currency proponents and the media have been focused on this region. Just recently, a Chinese state-bac...
