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Showing posts from October, 2019

Where did Bitcoins come from ? and how can it be produced?.

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Imagine gold under the ground. We know it’s there, but its value is hidden until a miner ‘digs’ it up. In the Bitcoin world, a miner discovers Bitcoin by creating ‘blocks’ of all the transactions going on in the network and adds them to the blockchain.                                  photo credit: unsplash  Want to know more about mining? Keep reading through our Bitcoin Topics. I n Satoshi Nakamoto's documentation on Bitcoin, He explained they could only be 21 MILLION BITCOIN in existence.     And in it also stated they would need to be a global adoption of Bitcoin before all Bitcoin can be mined. So How much Bitcoin is currently in circulation and is they any form of adoption yet ? But I stick to my biggest question.            HOW MUCH MORE BITCOIN ARE OUT THERE?                    ...

Who invented Bitcoin

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No one really knows for sure. But the person, or persons most directly responsible refers to him/her/themselves as Satoshi Nakamota.  The inventor, or inventors go by the name of Satoshi Nakamoto, a mysterious character (or characters) that many have tried to find, some more successfully than others. A BRIEF HISTORY In November 2008, a Currency called  Bitcoin: A Peer-to-Peer Electronic Cash System . The author went by the name Satoshi Nakamoto, it was explained how the currency would work.A few months later, 2009, the software to create the currency was released, followed shortly by the first ever Coin to be mined on the network. This is typically referred to as the  Genesis block. WHAT WAS SO SPECIAL ABOUT IT?  Bitcoin did something that no Technology had been able to do before. It was: Decentralized  - no-one person or group owned or controlled it. Trustless (peer-to-peer)  - No more third parties were needed to conduct transactions. Borderle...

What is Bitcoin (BTC)?

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Bitcoin is the world's first peer-to-peer cryptocurrency. It was invented by a mysterious inventor Satoshi Nakamoto in 2009 and is regarded as the first digital currency to fix the double spend problem. Bitcoin is what started it all. It was the first cryptocurrency to crack some of the fundamentals of creating digital money that can't be copied like normal files. But who invented it, and why was it so important? We'll explore this and more on how Bitcoin and Cryptocurrencies would give Eveyone the financial freedom   we have all wished for. What is Bitcoin? Bitcoin is a peer-to-peer Cryptocurrency What does that mean? It's a new way to pay for goods and services, as well as store value online that doesn't rely on a centralized bank, government or credit provider to do so. Built using  blockchain a fundamentally  new way to transfer data and value over the internet, everything from sandwiches to houses can be bought using Bitcoin....

HTC launches Exodus 1s “cryptophone”

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Smartphone manufacturer HTC today launched the HTC Exodus 1s, a new “cryptophone” that can run decentralized applications and a full  Bitcoin  node. The Exodus 1s is a cheaper alternative to the Exodus 1, HTC’s previous blockchain smartphone released last year. The Exodus 1s will cost around $250, which some users will be able to buy using cryptocurrency–depending on where you are. According to the release, buyers in Europe and Taiwan will be able to pay in euros (€219) or the Taiwanese dollar (5990 TWD), as well as the equivalent values in BTC, ETH, LTC, BNB or BCH. Other markets have yet to be confirmed. But the $250 price is around a third of the cost of the Exodus 1, which costs 0.15 bitcoin, around $1,200. "We are providing the tools for access to universal basic finance; the tools to have a metaphorical Swiss bank in your pocket," said Phil Chen, decentralized chief officer at HTC. The Exodus 1s is packed with new cryptocurrency features. Notably...

Digitize ownership of gold made possible on Blockchain Technology

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Today, gold can be purchased in a whole new way. One with convenience and security, without the middlemen. A way we think you’re going to like. We’re proud to launch  DGLD , a network with more than $20M in digitized gold, with our partners Coinshares, Europe’s Largest Digital Asset Manager, and MKS (Switzerland) SA, part of the world’s most trusted gold group. DGLD is a digital asset representing allocated physical gold stored in a Swiss vault, and tokenized with a side-chain built on the Bitcoin network. In doing so, we’re empowering convenient, 24/7 purchasing of gold, with the independence of physical gold ownership. For more info about DGLD visit.  https://dgld.ch/