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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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Dr. Craig Wright talks improving business processes with nLocktime on BSV blockchain
28 May 2023 09:00 In this episode of CoinGeek Backstage on the sidelines of the Bitcoin Masterclasses in London, Dr. Craig Wright talks about why cypherpunk anti-establishment doesn’t fit into Bitcoin. [...]
FBI issues warning against fake digital currency jobs in Southeast Asia A May 22 warning from the FBI stated that U.S. citizens risk falling victim to job scams advertised for their competitive salaries and lucrative benefits. [...]
Russia’s parliament makes changes to its draft bill on CBDCs The changes to the CBDC draft bill include debt operation, the Russian central bank’s participation, and the access of the digital ruble to foreigners. [...]
Over 86 million BSV blockchain transactions in 24 hours as another world record is set The BSV blockchain's power is immeasurable, with Vaionex recording over 86 million transactions on-chain, a clear indication that the technology can handle all kinds of transactions. [...]
AI-Centric Crypto Market Loses Over $1 Billion in Value in 90 Days
Burning Metrics: Ethereum Burns 3.33 Million Ether Valued at $6.1 Billion in 21 Months
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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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