Since it’s inception back in 2009, cryptocurrencies like Bitcoin have always been an extremely controversial topic. In fact, ever since
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
Justin Sun, the founder and CEO of TRON blockchain, told CNN’s Julia Chatterley during a new interview that he is
With Bitcoin’s price increase in 2020, so does the interest in futures trading. A few days ago, for instance, CME
Cryptocurrencies and blockchain recently received significant mainstream exposure. One of the most popular TV Shows, the Simpsons, ran a whole
Bitcoin’s total supply gets distributed among more addresses as its network matures over time. At the same time, some notable
In what could turn out to be one of the most serious SIM-card hacks in history, someone has reportedly stolen
6,000 ($57M) BTC Supposedly Lost As Irish High Court Stands With Hands Tied: Not Your Keys, Not Your Bitcoins
The drama surrounding the alleged drug dealer who had to forfeit $57 million worth of Bitcoin continues. The Irishman has
Bitcoin Plunges Below $10K Following Golden Cross, Tezos Breaking Records: The Crypto Weekly Market Update
The last week was action-packed for Bitcoin but also for altcoins. The entire market was on a wild ride, seeing
The Israeli Attorney General, Dr. Avichai Mandelblit, has stated that banks in the country should not stop providing banking services
Brendan Blumer, the CEO of Block.one – the publisher of EOS, has said that Bitcoin isn’t money and that it