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 - 2 years ago
Hi /r/bitcoin How does one actually write and broadcast a transaction with an CLTV script. Step by Step instructions would help me a lot. My goal is to send x.y amount of bitcoin to my address but with a lock of 1 year. This is what I have come up: 1...
Bitcoin News / Google News Bitcoin - 2 years ago
Apple, Tesla, Netflix, Microsoft And A Critic Calls Bitcoin A 'Magnet For Idiots': Bulls And Bears Of The& & Benzinga
by COINS NEWS - 2 years ago
This is probably one of the best Bitcoin success stories I have heard, even if its so unknown, on January 6th 2011 a person on Bitcoin Blogger paid a person 32BTC to dress up in a funny way and hold up a sign with the text βStop the FED! Use Bi...
More / Bitcoin Reddit - 2 years ago
Hello Bitcoin enthusiasts! As we enter the new year, I wanted to share some thoughts on why I believe Bitcoin (BTC) is a strong investment opportunity in 2023. While many people are aware of the more well-known reasons for investing in BTC, such as i...
Bitcoin News / Bitcoin.com - 2 years ago
During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% high...
More / Bitcoin Reddit - 2 years ago
I live in BHZ ( Belo Horizonte /MG - Brasil ), I have a hard time to find places which accept and/or people who make swap are traders. I do not want to use websites, due to the current political system. I want to stay off radar. Do any one have tips...
Bitcoin News / Bitcoin.com - 2 years ago
Bitcoin moved closer to the $17,000 level to start the weekend, as traders continued to react to the latest U.S. nonfarm payrolls data. December’s payrolls came in at 223,000, which was better than the 200,000 markets had expected. Ethereum wa...