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
Bitcoin Confidential (BC) Rises 0.4% Friday: What's Next for This Neutral Rated Crypto?& & InvestorsObserver
More / Bitcoin Reddit - 2 years ago
There are several reasons why people might want to own Bitcoins: Decentralization: Bitcoin is decentralized, which means that it is not controlled by any government or financial institution. This makes it attractive to people who are skepti...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin 'A Magnet For Idiots, A Fool Detector,' Says 'The Black Swan' Author - Bitcoin (BTC/USD)& & Benzinga
Bitcoin News / Bitcoin.com - 2 years ago
Ethereum was marginally lower on Dec. 6, as markets prepared for this afternoon’s nonfarm payrolls report. December’s report is set to show an addition of 200,000 jobs to the U.S. economy, which would be down from November’s figu...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin-Linked Stock Silvegate Sees Price Target Slashed By 83% At Canaccord: Why Analyst Still Sees Upsi& & Benzinga
Bitcoin News / Bitcoin Magazine - 2 years ago
Two similar legal disputes around alleged bitcoin scams show that, while Bitcoin may be incorruptible, human beings are not.This is an opinion editorial by Phil Snyder, an educator teaching blockchain, Bitcoin and all things media at the University o...
Bitcoin News / Bitcoin.com - 2 years ago
The number of ATMs supporting digital currencies has fallen around the world over the course of a turbulent year for the whole industry. According to a new report, the United States has lost more machines offering crypto teller services than any othe...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin Weekly Forecast: A crypto beginnerβs guide to Nonfarm Payrolls and its effects on BTC& & FXStreet
Cryptocoins News / CoinJournal - 2 years ago
Bitcoin price has been in a consolidation phase in the past few weeks.
The US will publish the latest non-farm payrolls (NFP) data.
Strong jobs numbers will be bearish for BTC.
Bitcoin price has been in a tight range in the past few months. B...