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.
Bitcoin News / Google News Bitcoin - 2 years ago
Two Catalysts Could Fuel Bitcoin Rally to $30,000, Says Crypto Strategist MichaΓ«l van de Poppe& & The Daily Hodl
by COINS NEWS - 2 years ago
One of the big reasons that a bear market even forms is the bull market itself. In the bull market a lot of newbies, enter the markets in the hope for some quick money as they probably saw how the news is flipping out over Crypto. But those peo...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin named dirtiest crypto of 2022, tops major tokens in carbon emissions: Forex Suggest& & Yahoo Finance
Cryptocoins News / Blockchain - 2 years ago
Legislation authorizes a Bitcoin-backed bond to pay down national debt and build "Bitcoin City". After President Bukele ratifies the measure, it will become law. The bonds are expected to generate $1 billion for the government, half of which would fu...
Bitcoin News / Google News Bitcoin - 2 years ago
Markets: Bitcoin, Ether follow U.S. equities higher on view inflation starting to ease despite hawkish Fed& & Yahoo Finance
More / Bitcoin Reddit - 2 years ago
pouch.ph/retreat2023 for the schedule pouch.ph/bitcoinisland for information of getting to and staying on the island. https://www.youtube.com/watch?v=7yz2Uxood5o to see a typical bitcoin only stay Bitcoin Island, Boracay Philippines is holding a retr...
Bitcoin News / Bitcoin Magazine - 2 years ago
Nostr is an alternative to Twitter that better protects users from censorship, and itβs built in a way that could appeal to Bitcoiners.Nostr has gotten a lot of attention and steam behind it since its recent addition to the list of alternative social...