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
Bitcoin charges above the $17,000 mark but misgivings remain among traders ahead of CPI, Fed comments and amid a brewing storm at Digital Currency Group. Bitcoin (BTC)...
Bitcoin News / Bitcoinist - 2 years ago
Microstrategy has been raising some eyebrows as its accumulation of Bitcoin continues. According to recent news, the company raised its holdings by 2,500 BTC for a total BTC holding of 132,500 BTC.
According to Forbes, the company used $2.36 billion...
More / Bitcoin Reddit - 2 years ago
I'm new to this Bitcoin and crypto in general. I've been doing a lot of research and informing myself on my own and wanted to ask the community in general if it's a good time to buy Bitcoin (I know it's always a good time looking long...
Bitcoin News / Google News Bitcoin - 2 years ago
Analyst Warns of $2,330,341,000 Elephant in the Room for Bitcoin (BTC) – Here’s What He Means& & The Daily Hodl
More / Bitcoin Reddit - 2 years ago
Ask (and answer!) away! Here are the general rules: If you'd like to learn something, ask. If you'd like to share knowledge, answer. Any question about Bitcoin is fair game. And don't forget to check out /r/BitcoinBeginners You can sort...
More / Bitcoin Reddit - 2 years ago
I often get hit with this question from skeptics and the only thing I can come up with is that if Bitcoin is the only currency we have no choice but to use it is this the correct answer? submitted by /u/ReTrOVoiiD [link] [commen...
Bitcoin News / Bitcoinist - 2 years ago
The cryptocurrency space has been on the grayer side of the financial space since its conception. But with bitcoin and the traditional financial and crypto sector in general getting more intertwined, the government now seems to have found a way for c...
More / Bitcoin Reddit - 2 years ago
I’m really considering moving to El Salvador and depositing btc into their economy for a passport. I hear that country has really turned around and it’s super early. I feel like it has a huge potential to be one of the top thriving countries in the w...