Bitcoin current price is $36,370.00 with a marketcap of $669.42 B. Its price is -8.42% down in last 24 hours. You can send, recieve and request Bitcoin from these wallets that use the FIO Protocol. FIO Addresses are a single identifier that eliminates the need to see, or even know about, blockchain public addresses. It’s simple to register, easy to use, and works with every token/coin automatically. Get your free FIO address today.
Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process. Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority or banks. Bitcoin is design to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes. Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on. The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.
Previously a #Bitcoin skeptic, Oaktree Capital Management co-founder Howard Marks wrote in a memo to the firm’s clients that he is “striving to learn” about cryptocurrencies, although he is “not yet informed enough to form a firm view.”
One day soon, we’ll see nations and central banks investing in #Bitcoin and the Bitcoin network: to protect what is destined to be the first truly independent world reserve asset. https://twitter.com/btc/status/1348917335164243969
OPINION: Instead of Mutually Assured Destruction, the biggest deterrent to a hostile economic takeover will be Mutually Assured Consumption: not an arms race, but a deadlocked competition to mine more Orange Gold than the enemy.