Bitcoin (BTC)

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Bitcoin (BTC) is a pioneering digital currency invented by a yet-unknown individual or group of individuals presented as Satoshi Nakamoto. Early development began in 2008, during the financial crisis of 2008, with the landmark paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” being released on October 31, 2008. The primary purpose of Bitcoin is in the space of P2P financial transactions, though some supporters envision it more as a store of value.

Often called “Digital Gold” for its monetary properties which are similar to gold, the enduring popularity and market resilience of Bitcoin has encouraged the growth of other cryptocurrencies, and as a result it has come to be known as the “mother” or “father” of all cryptocurrencies. Initially limited to all but the most ardent technology enthusiasts, Bitcoin was responsible for convincing the masses that a P2P financial system devoid of middlemen and centralized was in fact possible, a characteristic made possible through its Proof-of-Work consensus algorithm which incentivized good behaviour.

Since its inception in early 2009, Bitcoin has been through a number of changes and incidents, yet continues to thrive as the most popular token in the cryptocurrency market. This includes the famous Mt. Gox incident and several such cycles of price spikes and drops. The enduring nature of Bitcoin is a quality that is highly cherished by its proponents. Many tokens have been inspired by it, including similarly envisioned token Litecoin (LTC), which is often said to be the silver to Bitcoin’s gold. Because of the popularity and established nature of Bitcoin, it is often the base pair with which other cryptocurrencies are traded.

In this tag, read Bitcoin (BTC) news, price predictions, opinions and analyses created by users.

The story of why Bitcoin and Ethereum forked; and why EOS can't.

6 days ago 9 minute read @cryptomandate $6.81 tipped

A time not long ago The year is 2009, and just as the year was starting Bitcoin is born on 3 January. Its inventor Satoshi Nakamoto mines the first block containing a reward of 50 bitcoins. This genesis block had a message embedded on it reading 'The...

New Trend in Crypto Space? Here's Where The Big Money is Shifting

1 week ago 1 minute read Ed-california $4.70 tipped

A new report released by Outlier Ventures, published on August 13, shows a new trend emerging in the crypto space: development and focus seems to be shifting from the use of cryptocurrencies to its use in convergence applications. The report, called...

Security Tokens vs. Utility Tokens: What are the Differences?

2 days ago 5 minute read MintDice $2.06 tipped

Blockchains are proving to be incredibly useful, and are estimated to reach a market size of more than $7 billion by 2024 according to Grandview Research. They are also set to drive many operations that were seen as inefficient in the past. Although...

Satoshi - the fake reveal: Part 1

6 days ago 2 minute read viraladmin $2.01 tipped

After this article was made live - someone has since changed the satoshinrh website to correct the glaring error. Lets face it, everything about the Satoshi reveal just seemed strange and got stranger as time went on.  About 20 minutes before part 1...

How Blockchain is Penetrating the Art World

6 days ago 5 minute read MintDice $1.99 tipped

Since its creation in 2008, blockchain has been applied in several industries including, but not limited to finance, education, agriculture and even real estate. Now, it is being implemented in the art industry where it has the potential to disrupt t...

Trading coffee with your Bitcoin

2 days ago 3 minute read TanujPaulB $1.98 tipped

Coffee is the second largest traded commodity. The two basic plant varieties are Arabica & Robusta. The price of coffee is heavily by macro-economic factors. But just like any other risky tradable instrument, some unpredictable factors that are only...

Bitcoin controls the market and this is why

1 day ago 7 minute read viraladmin $1.94 tipped

To date bitcoin has not only the largest market capitalization in all of cryptocurrency, it has a market cap so large that it controls nearly 70% of the entire industry. The fact is no other project has ever come close to being able to overtake it....

Crypto FAQ’s: How Long Does It Take to Mine Bitcoin?

4 days ago 6 minute read MintDice $1.91 tipped

Bitcoin network has grown in popularity over the last few years, as demonstrated by its daily use. The number of Bitcoin ATMs has also increased globally from 1 in 2013, to 500 in January 2016, to a whopping 5,042 in July 2019. This shows that there...

Apple Gearing Up for Cryptocurrency Apps with Cryptokit

1 week ago 4 minute read MintDice $1.84 tipped

Crypto apps have multiplied so much in recent years that there are now thousands of apps available to solve different problems using blockchain technology. Theoretically, these apps should be better than the legacy systems because blockchain technolo...

This Week in Blockchain Gaming - Weekly Digest

5 days ago 1 minute read blockchaingamer $1.67 tipped

1. Riders of Kriptomat – The World’s First Gamified Rewards Program. Clearly the most ambitious retail project with a focus towards mass adoption,   developed by Kriptomat and with the Enjin's implementation of course. Soon huge companies, retail sh...