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
I have a befriended professor in Ghana (my family has a German registered association to collect money for Ghana etc) and I would like to show him / his students Bitcoin and collect some later on, so they can learn. Question: What is the easiest non-...
Bitcoin News / Google News Bitcoin - 2 years ago
Jim Cramer Expects SEC to 'Do a Roundup' of Uncompliant Crypto Firms β Urges Investors to Get Out of Crypto Now ...& & Bitcoin News
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment& & The Daily Hodl
More / Bitcoin Reddit - 2 years ago
Hello, id like to ask a couple of questions: All I know about lightning network is that it is for quick and cheap teansfers/transactions. What Id like to know is if Im giving up the custody while using another layer in order to move it on another net...
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...