Bitcoin went through yet another week full of volatility and considerable market movements. The cryptocurrency decreased by a total of
Bitcoin is the first decentralized cryptocurrency, based on the blockchain technology. It doesn’t have a physical form as it’s entirely computerized. It’s stored in digital addresses and can be accessed using their private keys.
Back in 2009, Bitcoin was first introduced to the world. It was detailed in a whitepaper called Bitcoin: A Peer-to-Peer Electronic Cash System, published by the pseudonymous Satoshi Nakamoto, the identity of whom remains unknown.
Bitcoins are generated through a process that’s commonly referred to as mining. The main objective of miners is to validate the transactions on the network and to store them in blocks, which are then added to the ledger. Hence, the name – blockchain. For every added block, miners receive a reward in Bitcoins. They are also compensated for their work through the so-called mining fees.
Bitcoin is also the world’s first digitally scarce object. Its code is written in a way that would allow the existence of 21 million bitcoins. Once this number is reached, no new bitcoins will be added to the market, and miners will only earn profits by collecting fees.
Recent Bitcoin News
One of the most successful and popular entrepreneurs, Elon Musk, recently spoke about Bitcoin and the general idea of cryptocurrencies.
In an industry like this, where cryptocurrency prices are highly volatile and unpredictable, putting all eggs in one basket could
The debates on whether or not the forthcoming Bitcoin halving will affect the price of the asset continues with full
The second version of the “Lightning Torch” (LN Trust Chain 2.0) was recently launched on its birthday, and the community
One of the most prominent traditional investors, Ray Dalio, recently said that Bitcoin (still) fails to serve the purpose of
As a response to a legal case filed by the Internet and Mobile Association of India (IAMAI), the Reserve Bank
UK’s Revenue and Customs agency is ready to invest up to $130,000 towards the development and implementation of a new
Despite many criticisms against Segregated Witness (Segwit) since its implementation in 2017, the Bitcoin scaling solution continues to see an