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 behavior.

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.

Do You Actually Need To Know How Blockchain Works?

2 days ago 1 minute read scottcbusiness $2.90 tipped

You don’t need to understand how the blockchain works or how Bitcoin works to be able to use it or see its value. At first, that sounds a bit ridiculous, but when you think about it more, you’ll realize this to be true. To illustrate this I could ask...

Is Alt-season here to stay.

4 days ago 2 minute read Conortrades1 $2.67 tipped

BTC/USD, XRP/BTC, XRP/USD, XRP/EUR. 10/11/2019 The Reversal head and shoulders pattern is one of the Best indicators to use to see a reversal trend in the Charts. Also if you break Major Support/Resistance line it is very very significant to its cont...

How To Secure Your Cryptocurrency In 2020

6 days ago 4 minute read MoneyWiseAlpha $2.27 tipped

There is a history of cryptocurrency being lost or stolen. Unfortunately, in the cryptocurrency industry, there is a history of coins being lost or stolen.  One of the most notable occurred with the Mt. Gox exchange in 2014.  Approximately 850,000 B...

Let’s Take A Look At LBRY

4 days ago 1 minute read scottcbusiness $2.24 tipped

In this video, I take a look at LBRY and walk through how some of the crypto monetization and rewards work as well as how the platform looks and feels to use. There are few truly decentralized video hosting applications that utilize the blockchain an...

It’s Not Crypto They Don’t Understand, It’s Fiat

6 days ago 2 minute read scottcbusiness $1.96 tipped

Something that I’ve increasingly noticed is that the common misunderstanding around cryptocurrency isn’t so much the blockchain as much as it is that people don’t fully understand fiat currency and how it works. When we look at a commodity like gold,...

Slush Pool Interview Part 1 - Braiins OS, Stratum v2, and Bitcoin Security Risks

5 days ago 10 minute read MinerUpdate $1.81 tipped

We had the pleasure of chatting with the Braiins team (company behind Slush Pool) on the day following the Global Mining Leaders Summit. Slush Pool were pioneers in the mining pool business putting together the first Bitcoin mining pool. Their minin...

Canaan IPO Confirmed – $400 Million November Nasdaq Listing in Line

1 day ago 1 minute read MinerUpdate $1.79 tipped

Sources close to MinerUpdate have confirmed that the Canaan IPO application to list on the NASDAQ exchange has been approved by the SEC and is set to take place in November. Details have yet to be officially confirmed but it is believed that the...

China’s NDRC Update Position on Bitcoin Mining Ban

1 week ago 3 minute read MinerUpdate $1.77 tipped

THE CHINESE STATE’S ECONOMIC REFORM CABINET REMOVE BITCOIN MINING FROM THE LIST OF INDUSTRIES TO BE ELIMINATED Quick take; China’s NDRC remove Bitcoin mining from industries to be phased out in their final version of a catalogue advising local govern...

MamaeCrypto at Wild West Crypto Show - Interview Litecoin Summit

3 days ago 1 minute read Mamaecrypto $1.62 tipped

I must say that I was not prepared for all the action I was going to encounter at the Litecoin Summit this year.  One year ago I was completely shy about getting a picture with Charlie... And let's just say that this year.... I was all over the place...

How Many Bitcoin Confirmations Are Considered as Enough?

6 days ago 4 minute read bernardos $1.45 tipped

Before we start talking about the number of confirmations it is important to understand what happens when someone initiates a Bitcoin transaction. Confirmed Bitcoin transactions are included in nodes. It takes approximately 10 minutes to create and m...