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
Fresh Bitcoin support and resistance levels crystalize amid an βextremely tightβ trading range while ETH price action sets multi-week highs. Bitcoin (BTC) continued to...
Bitcoin News / Bitcoinist - 2 years ago
The South American country of Argentina will elect a new president in October 2023, and there is a real chance that a pro-Bitcoin candidate will be elected as the new head of state. The candidate in question is Javier Gerardo Milei, who is currently...
Bitcoin News / Bitcoinist - 2 years ago
Yesterday was Genesis Block day which is also known as the “birthday of Bitcoin,” the oldest (surviving) cryptocurrency according to Investopedia.
On January 3, 2009, Bitcoin’s mystery creator Satoshi Nakamoto mined the first BTC b...
More / Bitcoin Reddit - 2 years ago
I know, especially if the prices rises, there is a desire to say "look at me, I'm so smart". I'm here to remind you that it's a very bad idea. You tell your boss. Guess what? You don't need that raise. Dude you've got m...
Bitcoin News / Google News Bitcoin - 2 years ago
Executive Linked to Crypto Exchange Bithumb Found Dead Outside His Home: Report β Exchanges Bitcoin News& & Bitcoin News
More / Bitcoin Reddit - 2 years ago
These are some names I've seen in headlines over the years, but I'm sure there are many more. Nayib Bukele - El Salvador's president Ron DeSantis - Florida Governor, US Presidential Candidate Cynthia Lummis - US Congress representatitve...
Bitcoin News / Bitcoin Magazine - 2 years ago
Exactly 14 years after Bitcoin was born through the Genesis block, Proof of Keys Day helps us remember why the protocol was invented and where we are today.14 years ago today, Satoshi Nakamoto created the first block in the Bitcoin blockchain. Whethe...
Bitcoin News / Google News Bitcoin - 2 years ago
Markets: Bitcoin price dips, Ether little changed, Litecoin adds to gains, Dogecoin biggest loser& & Yahoo Finance