Bitcoin
Use attributes for filter ! | |
Initial release | 9 January 2009 |
---|---|
Ledger start | 3 January 2009 |
Coins | Unspent outputs of transactions (in multiples of a satoshi) |
Founders | Satoshi Nakamoto |
Programming language | C++ |
Date of Reg. | |
Date of Upd. | |
ID | 670051 |
About Bitcoin
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Burlington, Vermont, shootings leave one troubling question: Why?
... Other pages on his site appear to criticise " fiat money" - commonly used currencies as opposed to gold and digital tokens like Bitcoin - and usury, the charging of interest on loans...
Electricity theft at record levels in England and Wales - BBC analysis
... What is behind the figures? Assistant commissioner at London Fire Brigade, Charlie Pugsley, said criminal activity including " anything from cannabis cultivation to Bitcoin mining" was behind a rise in the capital...
From Bitcoin to blockchain: Key cryptocurrency terms and what they mean
... But for many, the language of crypto - Bitcoin, blockchain, crypto exchange - still remains cryptic...
Missing cryptoqueen: Is Dr Ruja Ignatova the biggest Bitcoin holder?
...With , files seen by the BBC suggest an unlikely Bitcoin investor may have also lost a fortune - " the missing cryptoqueen" Dr Ruja Ignatova...
El Salvador: The country where you can buy anything with Bitcoin
...Cryptocurrencies have continued to tumble this week with billions wiped from the value of tokens like Bitcoin...
What's happening to Bitcoin?
...The first rule of writing about Bitcoin is: don t write about Bitcoin...
How Gen Z is hooked on cryptocurrency and NFTs
... Just over a year ago, Paxton bought S$1,000 ($743; £739) worth of Bitcoin - one of the most popular cryptocurrencies - which gave him a 10% profit straight away...
The hackers hunting for the lost Bitcoin billions
... She bought six Bitcoins in 2013, when they cost about $80 each, and were the chatter of niche corners of the internet...
From Bitcoin to blockchain: Key cryptocurrency terms and what they mean
By Brandon DrenonDigital Journalist
The downward spiral of FTX and its former CEO, the 'King of Crypto ', has attracted massive media attention and thrust conversations about cryptocurrency back into the spotlight.
But for many, the language of Crypto - Bitcoin , blockchain, Crypto Exchange - Still Remains cryptic.
Worry not.
If you're hearing these words for the First Time or are simply in need of a refresher, here are a few key terms and what they mean. .
BitcoinBitcoin is a type of digital currency (cryptocurrency). Similar to traditional currencies, like the dollar, pound or euro, there are many types of digital currencies. Other popular ones include Ethereum and Dogecoin. Unlike traditional currencies, though, Bitcoin is not backed or controlled by centralised financial institutions. Instead, it is decentralised. This makes it popular for people who think decentralisation can bring financial freedom, but it also makes it extremely volatile - Rising and falling in value at the whim of Bitcoin buyers and sellers.
BlockchainBlockchain is the technology underpinning all cryptocurrencies, and many other products like NFTs (Non Fungible Tokens). All of the buying, selling and trading of cryptocurrencies is recorded onto this virtual spreadsheet, which is arranged in blocks linked together in a giant chain. Every cryptocurrency transaction is individually recorded onto the blockchain by a huge network of volunteers verifying its authenticity by using computer programmes. Since the blockchain is decentralised, it's not stored on one machine or network or owned by one company. The Information is accessible to everyone.
CryptocurrencyCryptocurrency is the term used for digital currencies like Bitcoin that exist on the blockchain.
Crypto ExchangeA Crypto Exchange is the digital platform where investors can buy, sell and trade cryptocurrencies. Similar to traditional investing, a Crypto Exchange acts as a brokerage where people can transfer traditional money, like pounds or dollars, from their banks into cryptocurrencies like Bitcoin or Ethereum. Most transactions are accompanied by fees.
Crypto WalletA Crypto wallet is a place where investors hold their cryptocurrency. It stores the virtual assets much like a traditional wallet holds cash. There are two types, a hot wallet and a cold wallet. Hot wallets are connected to The Internet , and thus more accessible for quick transfers and easy access. Cold wallets are physical devices like specially designed USBs that store Crypto offline typically for safer and longer term storage.
Source of news: bbc.com