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What is Bitcoin?
Bitcoin is the first decentralized cryptocoin ever built on top of a blockchain. It was created by an anonymous person or group of people with the nickname Satoshi Nakamoto in 2009 as an open source project.
To understand the Bitcoin blockchain we can imagine a book, where each page number contains a signature that can validate the content of that page and its previous one. This signature is computed by an algorithm known as SHA-256 and cannot be reversed. In other words we can calculate the A-256 signature from some content, but we can’t get content if we know its SHA-256 signature. Back to the example with the book: if we tear out a page from the book, we can easily understand that a page is missing. The same is with adding an inexistent page. All the pages are copied between members of the chain, and this is why the Bitcoin Blockchain is considered a distributed network.
Bitcoin is an open source project maintained by a developer team with over 580 active contributors. The code of the chain is available on Github. The main purpose of Bitcoin was decentralized but trusted, low fee money transactions between people and businesses around the world. Nowadays over 100.000 vendors accept Bitcoin for payments. And there are between 2.9 and 5.8 million unique users who actively use Bitcoin cryptocurrency wallets. The price of Bitcoin can be very volatile due to speculation and has changed in the past more than +/-20% during a single.
Latest Bitcoin News
- Bitcoin Price Above $57K Ahead of Today’s Presidential DebateBTCNEWS - 12 hours agoSummary Bitcoin’s price rebounded today above $57,000. The Presidential debate between Donald Trump and Kamala Harris takes place today. Bitcoin’s price managed to recover above…
- Bitcoin Price Could Reach $90K by Q4 2024 If Trump Is Re-ElectedBTCNEWS - 1 day agoSummary A new Bernstein report reveals that if Trump gets re-elected, BTC could reach $90,000 by Q4 2024. If Kamala wins, BTC is expected to…
- Here’s Why Cardano (ADA) And Ripple (XRP) Millionaires Are Moving Into ETFSwap (ETFS)BTCNEWS - 1 day agoMarket trends show a shift from Cardano (ADA) and Ripple (XRP) as large investors move funds to ETFSwap (ETFS), the new presale project with massive…
- RCO Finance (RCOF) Drives Rookie Crypto Traders to Riches, Here’s HowBTCNEWS - 3 days agoRCO Finance (RCOF) is quickly becoming a game-changer for novice crypto traders, offering a compelling opportunity to rise from rags to riches. By leveraging advanced…
- Business Bitcoin Adoption Up by 30% in 1 Year – 2026 Accumulation/Ownership ForecastBTCNEWS - 3 days agoSummary A new research report reveals business Bitcoin adoption is up by 30% in 1 year. Estimations show an optimistic trajectory for businesses’ BTC holdings…
- Solana (SOL) Surges Past $130 Resistance As Funding Rate Signals Bullish MomentumNewsBTC - 5 hours agoThe crypto market experienced a notable surge yesterday, with Solana (SOL) breaking past the crucial 4-hour resistance at $130. This breakout has caught the attention…
- BinaryX Shoots Into The Top 100 Whilst Investors Peek DOGE-Like Gains From Mpeppe (MPEPE)NewsBTC - 6 hours agoThe cryptocurrency landscape is always full of surprises, and recently BinaryX (BNX) has shot into the top 100 cryptocurrencies. However, while BNX enjoys its newfound…
- Ethereum Whales Allocates $2.1 Million Across Sui and New ETH Gambling Casino ICO Mpeppe (MPEPE)NewsBTC - 6 hours agoEthereum (ETH) whales are eyeing promising opportunities to diversify their portfolios. Recently, a group of ETH whales allocated a significant $2.1 million across Sui (SUI)…
- Sui’s Solid Performance Over The Past Week Makes Holders Max Out Their Profits With Mpeppe (MPEPE)NewsBTC - 6 hours agoAs Sui (SUI) continues to impress with its steady performance over the past week, investors are looking for ways to capitalize on their gains. Many…
- Experts Hint Bitcoin (BTC)s Recovery To Boost Uniswap (UNI), Mpeppe (MPEPE) and Solana (SOL)NewsBTC - 6 hours agoWith Bitcoin (BTC) poised for recovery, experts suggest that this bullish momentum could provide a significant boost to several altcoins, including Uniswap (UNI), Mpeppe (MPEPE),…
- Sui Millionaire Spends Recent Profits New Gambling Coin Mpeppe (MPEPE) For 150x GainsBitcoinist.com - 5 hours agoInvestors are always on the lookout for the next big thing. Recently, a Sui (SUI) millionaire made headlines by channeling his recent profits into Mpeppe…
- Sui Set To Breakout Over $1 in The Coming Days Whilst New Casino ICO Challenges For The Top SpotBitcoinist.com - 5 hours agoWith Sui (SUI) poised for a major breakout above the $1 mark, excitement is building among investors. At the same time, the innovative meme coin…
- Sui and Mpeppe (MPEPE) Two Cryptocurrency Experts Say You Must Add To Your WalletBitcoinist.com - 5 hours agoSui (SUI) and Mpeppe (MPEPE) are two coins that experts believe deserve a spot in your portfolio. With unique offerings in decentralized finance (DeFi), sports…
- Ethereum Holders Disheartened About Recent Performance Turn New Gambling Casino Coin at $0.0021Bitcoinist.com - 6 hours agoAs Ethereum (ETH) struggles to meet investor expectations, many holders are looking for alternative opportunities to maximize their returns. A new player in the market,…
- ETH Whale Urges Crypto Enthusiasts To Join Mpeppe (MPEPE) Presale Before It Skyrockets 150%Bitcoinist.com - 6 hours agoIn the fast-paced world of cryptocurrency, major investors known as “whales” have a huge influence on the market. Recently, an Ethereum (ETH) whale has made…