 |
 |
Bitcoin is an experimental digital currency that allows instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. Money transfers and the minting of new coins are carried out collectively by the network. The open source software that enables Bitcoin is released under the MIT license.
Click here for a concise explanation of how it works or here for a detailed technical description.
|
|
|
Quantum-proofing blockchains: How much of a problem is it?
08 Jul 2025 07:00 Chinese researchers introduced EQAS, a modular system that aims to heighten information security by separating data storage from verification.
Nigeria, Somalia, South Africa, Eswatini advance digital ID plans Nigeria has partnered with the World Food Programme to disburse aid via digital wallets, while Somalia now uses biometrics on key border control points.
Bhutan turns to digital asset payments amid internet issues Elsewhere, South Korea-based Naver Pay has announced plans to explore stablecoins, targeting retail applications to keep up with local first movers.
US tax challenges for Bitcoin miners: A call for commodity-style reform Aligning U.S. Bitcoin’s tax treatment with commodities could help miners scale operations, strengthen balance sheets, and maintain global competitiveness.
The Blockchain Group Acquires 116 Bitcoin, Total Holdings Reach 1,904 BTC With 1,348.8% YTD Yield
Russia Compiles Crypto Mining Equipment Register to Boost Oversight
|
|
|
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer
it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
Satoshi Nakamoto |
|||
© Digital49ers.com 2013-2016