Bitcoin


Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It enables peer-to-peer electronic cash transactions without intermediaries like banks or governments, operating on a blockchain secured by Proof of Work mining and the SHA-256 cryptographic algorithm. With a fixed supply cap of 21 million coins and programmatic halvings every four years that reduce miner rewards, Bitcoin is designed as a deflationary digital asset often called "digital gold." Its value stems from solving the double-spending problem without trusted intermediaries, creating the first truly scarce digital asset with censorship resistance and permissionless access that no government, corporation, or individual can control. Bitcoin operates as a decentralized peer-to-peer network where transactions are recorded on a public ledger called the blockchain, distributed across thousands of computers globally. Transactions are grouped into blocks added approximately every 10 minutes through mining, where specialized computers compete to solve complex mathematical puzzles. Bitcoin has achieved mainstream adoption through multiple vectors. The January 2024 SEC approval of 11 spot Bitcoin ETFs opened Bitcoin investment to traditional finance participants, and corporations like Strategy (formerly MicroStrategy) are using Bitcoin as a treasury reserve asset to protect against currency debasement, offering MSTR holders amplified exposure to Bitcoin. The Bitcoin ecosystem continues to evolve with innovations like Ordinals, which emerged in January 2023 to enable NFT-like functionality directly on Bitcoin, and BRC-20 tokens, an experimental standard for creating fungible tokens using Ordinal inscriptions. BTCFi (Bitcoin Finance) represents emerging financial applications extending beyond Bitcoin's traditional role, with protocols like Babylon allowing Bitcoin holders to stake BTC to secure Proof of Stake chains.

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More / Bitcoin Reddit - 2 years ago

Buy and Hold Bitcoin

Hi, I am pretty new to the crypto scene and wanted to buy bitcoin and keep it in a safe place. Now my question, where can I buy bitcoin with as little fees as possible and where would you recommend to hold bitcoin. submitted by /u/Maxis...

More / Bitcoin Reddit - 2 years ago

Bitcoin Conference Miami - Selling Ticket

Hey guys! I've won a ticket to the Bitcoin Conference in Miami in may this year. Unfortunately I won't be able to visit the United States this time of the year so I wanted to sell the ticket. Its an Industry Pass for the whole conference inc...

by COINS NEWS - 2 years ago

Reminder that Bitcoin is a commodity

“Gold is money. Everything else is credit.” — J.P. Morgan. Money has value. Commodities have value. Gold and Bitcoin are two examples of commodities. Credit has something behind it: a debtor that guarantees the creditor will get the money back. With...