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 - 2 years ago
Hong Kong investors can now gain exposure to Bitcoin through Samsung's new ETF listing, launching on Jan. 13. In Hong Kong, the bell rings for Bitcoin (BTC). Samsung...
Bitcoin News / Bitcoinist - 2 years ago
The fate of Genesis Trading, Digital Currency Group (DCG) and the Grayscale Bitcoin Trust (GBTC) continues to hang by a thread after Cameron Winklevoss took another step in the escalation over Gemini Earn customer funds with a new open letter on Tues...
Cryptocoins News / CoinJournal - 2 years ago
Robinhood on Wednesday said it has stopped accepting Bitcoin SV.
It has also said that it will delist the cryptocurrency starting January 25.
Any Bitcoin SV in customers’ accounts after January 25 will be automatically sold.
Online trading ap...
Cryptocoins News / CoinJournal - 2 years ago
Key Takeaways
Bitcoin has increased for eight straight days, now up 9.2% on the year
Period of low volatility in the crypto markets paired with softer inflation data has sent prices upward
Latest CPI report is out Thursday which will trigger volatil...
Bitcoin News / Bitcoinist - 2 years ago
El Salvador continues its massive embrace of bitcoin by passing a bill that paves the path for the creation of a legal structure for all cryptocurrencies.
The legislative framework for a Bitcoin-backed bond, known as the “Volcano Bond,” w...
Bitcoin News / Google News Bitcoin - 2 years ago
US CPI Rates Today -Will the Bears Restrict the Bitcoin (BTC) Price to Reach $19K?& & Coinpedia Fintech News