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 / The Cointelegraph β - 2 years ago
No fresh BTC price catalyst from the Fed as Chair Jerome Powell fails to mention inflation altogether. Bitcoin (BTC) traders faced disappointment at the Jan. 10 Wall S...
Bitcoin News / Bitcoin.com - 2 years ago
Ethereum mostly consolidated during Tuesday’s session, as prices continued to trade close to recent highs. Following a move to a three-week peak to start the week, markets maintained bullish sentiment, earlier in the day. Bitcoin also upheld r...
Bitcoin News / Google News Bitcoin - 2 years ago
Homesteader Conversations: Feeding Your Family And Building A Bitcoin Community In Southern Portugal& & Bitcoin Magazine
Bitcoin News / Bitcoin Magazine - 2 years ago
A homesteader in Portugal shares her experiences running a farm, feeding her family and supporting a Bitcoin community through workshops.In the conversation for this article, Julia joined me from her home in Southern Portugal to chat about her homest...
More / Bitcoin Reddit - 2 years ago
Instead we should be saying "converting to Bitcoin" as one would say "I'm converting my dollars to euros." submitted by /u/Paterakis518 [link] [comments]
More / Bitcoin Reddit - 2 years ago
The charts are quite closely mirroring the charts from 4 years ago. Not ATHs, but seems clear to be there will be a medium sized pump within the next few months. https://youtu.be/GFC_WwlYfrk submitted by /u/TheGlittering_Toe [link] ...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin price holds $17K into Fed Powell speech as GBTC jumps to multi-month highs& & CointelegraphBitcoin Holds Steady Above $17K, US Dollar Tepid Ahead of Powell Speech& & Yahoo FinanceBitcoin Holds After a Rally. Why It May Not Last and Where Cryp...