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.
by COINS NEWS - 2 years ago
Last year, every news paper and media house had people convinced that El Salvador is going to default on their sovereign debt, it was only a matter of time. Rating agencies cut El Salvador's ratings, these media houses put out timely reminders th...
Bitcoin News / Google News Bitcoin - 2 years ago
EU Lawmakers Vote To Impose Strict Capital Requirements On Banks Holding Bitcoin And Crypto& & Bitcoin Magazine
Bitcoin News / Bitcoin Magazine - 2 years ago
Banks would be allowed to hold 2% of capital in bitcoin, but required to have one euro in capital for every euro in cryptocurrency held.European Union lawmakers have voted to impose strict capital requirements on banks that hold cryptocurrencies, per...
Cryptocoins News / The Cointelegraph β - 2 years ago
Short-term and long-term investors alike are back in the black, with Bitcoin undecided on where to go next. Bitcoin (BTC) traded sideways at the Jan. 24 Wall Street op...
More / Bitcoin Reddit - 2 years ago
If I wanted to purchase say 1btc mined from block 10 and 1btc from block 20. Any tools available to do this other than just chasing down the blockchain scanners ? submitted by /u/fumundachee [link] [comments]
Cryptocoins News / The Cointelegraph β - 2 years ago
To this day, the exact identity of Satoshi Nakamoto remains a mystery. Satoshi Nakamoto is the pseudonym used by the creator(s) of Bitcoin, whose true identity remains...
Cryptocoins News / The Cointelegraph β - 2 years ago
ETHβs price has repeatedly failed to break above key trendline resistance, and now Ethereum risks losing strong technical support as well. Etherβs (ETH) rally versus B...
More / Bitcoin Reddit - 2 years ago
How do I do that? Do I need to use a particular platform? Looks like Coinbase does not work there? submitted by /u/DuchessCDM [link] [comments]
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary:
Binance processed 205,000 transactions between May 2018 and January 2023, per a Chainlysis report from Tuesday.The leading crypto exchange also reportedly facilitated $90 million in BTC trading volume for Bitzlato post-August 2021, afte...
Cryptocoins News / CoinJournal - 2 years ago
Miami, Florida, 24th January, 2023, Chainwire
Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo.
Founded in 2013...
Bitcoin News / Bitcoin Magazine - 2 years ago
Andrew Barnard and Doug Carrillo of Bitstop have announced the acquisition of Genesis Coin Inc.Genesis Coin Inc., the first and largest bitcoin ATM software platform in the world, announced that they have been acquired by Bitstop Founders Andrew Barn...