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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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This Week in Crypto: The crypto lawsuits in limbo
23 Feb 2025 06:00 Milei was accused of playing a role in a 'crypto' rug pull; meanwhile, the SEC's new filing could signal the end of its lawsuits against Coinbase, Binance.
This Week in AI: HP acquires Humane; xAI unveils Grok 3 In other news, Microsoft introduced Muse, an AI developed with Xbox Game Studios developer Ninja Theory, while xAI plans to launch its gaming studio.
Bitcoin retrospective and focus on the internet’s future This episode of CoinGeek Weekly Livestream welcomed a special guest, Mike Hearn, who discussed Bitcoin, payments, and the future of the internet.
Binance.US regains access to dollars, Nigeria demands $81.5B Binance.US has resumed USD-based transactions despite the dot-com mothership being hit with a $81.5 billion damages claim by Nigeria's government.
Ethereum Co-Founder Vitalik Buterin Praises Argentina: Community ‘Full of Amazing Builders’
South African Firm Altvest Capital Adds Bitcoin to Treasury
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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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