 |
 |
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.
|
|
|
‘Crypto is fool’s gold’: Why the OCC chief is right
27 Sep 2021 05:00 Anyone who digs and conducts independent research finds that it’s not at all clear why there are thousands of digital currencies, and as Michael Hsu notes, there are no clear answers as to how the massive returns available in DeFi are generated. [...]
Blockchain accounts for 10% of early-stage startups: report Blockchain has become one of the fastest-growing trends in the startup world, with a new report revealing that 10% of early-stage startups focus on the technology. [...]
Majority of South Koreans support digital currency tax law: survey A survey in South Korea found that only 33% of respondents oppose the new taxation regime, even as the government faces tough opposition on when to effect it. [...]
BIT Mining to set up 85MW mining facility in Ohio NYSE-traded BIT Mining has partnered with Viking Data Centers to develop a BTC block reward mining facility in Ohio as North America’s hashrate share rises. [...]
Cryptocurrency-Trading Hamster Outperforms Bitcoin, S&P 500 Since June
South African University Professor Urges Country to ‘Finalize Cryptocurrency Policy’ — Warns Against Resisting Crypto
|
|
|
"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