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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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Ty Everett: Building a better internet
09 Dec 2021 13:32 Speaking on this week’s CoinGeek Conversations, Ty Everett describes how Project Babbage will provide an interface between users and the apps and services they use, an interface which stores each person’s identity and online history. [...]
Decentralization in DeFi is an illusion, BIS quarterly review concludes The Bank for International Settlements says decentralized finance (DeFI) could play a crucial role in the future of finance, but not in its current form or without regulation. [...]
Digital currency VC Hashed under investigation by South Korea tax authority While insiders at the tax agency claim the probe is related to slush funds and tax evasion, Hashed executives said it’s unlikely since tax regulations were postponed. [...]
Craig Wright and his lawyers speak on the Kleiman trial verdict In a recent interview, Dr. Craig S. Wright and his lawyers–Andres Rivero and Amanda McGovern–speak on the Kleiman trial verdict. [...]
Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages
Experts Believe a Common African Cryptocurrency Can Boost Trade and Sustain Growth After Covid-19
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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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