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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.
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New law allows Ukraine gov’t to block crypto wallets to seize illegal assets
28 Jan 2020 05:00 Ukraine has passed new financial laws which will among other things, allow the government to block cryptocurrency wallets and seize assets obtained illegal. [...]
Peter Schiff’s dilemma reveals problems with mainstream adoption Lost in much of the manufactured uproar over Peter Schiff’s admission that he lost access to his Bitcoin is the choice facing many new Bitcoin adopters of how best to manage their cryptocurrency. [...]
AT&T fights back against SIM swap victim, says claim is fatally flawed AT&T is not taking a lawsuit against it by a SIM swap victim lying down, filing a motion to dismiss it that attacks the victim’s claims as fundamentally flawed. [...]
Australian crypto exchange enters ‘progressive’ Singapore market Australian Independent Reserve crypto exchange has expanded into the Singaporean market in a move that it says was informed by the positive regulations. [...]
Cold Storage and Bearer Bonds: How to Print an SLP Token Paper Wallet The Simple Ledger Protocol (SLP) and tokens have become a mainstay within the Bitcoin Cash ecosystem. SLP tokens have gathered traction as they are supported by multiple noncustodial wallets and a slew of ...
Three High Profile Crypto Networks Face Reward Halvings This Spring This spring, three of the largest crypto networks, BTC, BCH, and BSV, will undergo their halvings around the same time for the first ...
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"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 |
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