Bitcoin – BTC

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bitcoins

Bitcoin


 

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

what is ethereum 2

  • IconMobile payments made easy

    Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let your friend scan your mobile, or touch the two phones together (using NFC radio technology).

    IconSecurity and control over your money

    Bitcoin transactions are secured by military grade cryptography. Nobody can charge you money or make a payment on your behalf. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.

  • IconMobile payments made easy

    Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let your friend scan your mobile, or touch the two phones together (using NFC radio technology).

    IconSecurity and control over your money

    Bitcoin transactions are secured by military grade cryptography. Nobody can charge you money or make a payment on your behalf. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.

 

bitcoin

Today, we are announcing the launch of a new service that will enable customers to buy, hold and sell #Cryptocurrency directly from their PayPal account. https://t.co/QS6JRmG9hs

During fiscal year 2020 the US budget deficit more than tripled from $984B in 2019 to a record $3.1T. Net interest on $20T+of debt was only $345B. Total US debt is now more than $27T.

#Bitcoin is no-one's liability.

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Taproot has merged into #Bitcoin Core! 🔥

Taproot, a BTC protocol upgrade for flexibility and transaction privacy, has merged into Bitcoin Core, as a part of the 0.21.0 release.

https://t.co/BggyisIzzr

Bitcoin Core v0.21 will support Tor V3 addresses, and BIP155 (which supports gossiping them over the network).

Tor V2 addresses are deprecated since last month, and will be disabled in Oct 2021: https://t.co/GQjTN94L4j https://t.co/QimLo4tSJx

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bitcoin

How Bitcoin Mining Works

Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn’t have a central government.

With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

This process is usually called mining in the crypto-currency lingo

The Block Reward

When a block is discovered, the discoverer may award themselves a certain number of bitcoins, which is agreed-upon by everyone in the network. Currently this bounty is 25 bitcoins; this value will halve every 210,000 blocks. See Controlled Currency Supply.


 

Additionally, the miner is awarded the fees paid by users sending transactions. The fee is an incentive for the miner to include the transaction in their block. In the future, as the number of new bitcoins miners are allowed to create in each block dwindles, the fees will make up a much more important percentage of mining income.

 

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