Bitcoin News: Bitcoin (BTC) is the first ever cryptocurrency, developed and released by an unknown programmer or programmers named Satoshi Nakamoto. The Bitcoin whitepaper introduced the concept of cryptocurrencies to the world in 2008 and since then a digital currency revolution has started. That’s why Bitcoin news became so important. Cryptocurrencies are peer-to-peer and open-source digital currencies or tokens that use blockchain technology or other distributed ledger technology, thus eliminating third party involvement. The Bitcoin whitepaper introduced the concept of blockchain technology and added a Proof-of-Work (PoW) consensus protocol for increased security.
Bitcoin has proven many times that it’s the most valuable cryptocurrency from the whole digital currency economy. Bitcoin gradually became the digital gold for the whole economy, acting as a store of value in Bear markets. The maximum Bitcoins that will be mined is 21 million BTC and in time the digital currency will become scarce, increasing in value with time. Scalability is the biggest problem that Bitcoin is facing, but with the introduction of more and more technology improvements, only time will show the true potential of Bitcoin.
A huge flash sale was initiated by Canaan Creative. The Bitcoin mining firm decided to help miners, which were obviously struggling during the last few weeks.
The Schnorr Protocol is an example of improving technologies. For most of us, a general knowledge of how these protocols work is hard to come by.
With the current state of the market, mining companies are in a bind. The mass bitcoin miner exodus is making even more eyes turn towards the rapidly declining crypto market.
2018 has been very hard on the crypto market and investors. With the recent crashes we can conclude that the bubble popped and it’s hard for some people to admit it to themselves. But despite of all the negativism that is floating around, long term…
Bakkt’s bitcoin futures trading platform is facing a delay. It’s unclear if the delay will be more than the announced date of 24th of January 2019
While it’s certainly not the first time the crypto market is crashing, this crash is potentially catastrophic because no one knows when it will stop.