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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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US Senate confirms Janet Yellen as first female Treasury chief
26 Jan 2021 12:00 Yellen was confirmed by the Senate by a vote of 84-15, underscoring the bipartisan support she receives in the sharply divided legislature. [...]
Steve Billinghurst: Isle of Man looking at pushing forward fintech innovation through regulation Steve Billinghurst, the regulatory lead at the Isle of Man, discusses why enterprises are increasingly becoming interested in setting up their business in the country, among other topics. [...]
Craig Wright comments on social media, software developers and Silicon Valley players Dr. Craig S. Wright’s latest blog post addresses some of the events that we have seen unfold in the blockchain and digital currency space over the past few days. [...]
Shanghai, Beijing and other major cities plan large-scale digital yuan tests The accelerated testing phase comes after a successful year for the state-backed digital currency in which it was used in most major cities. [...]
Coinbase Custody to Support Dvision Network (DVI)
California Man Loses $27,000 in Bitcoin After Falling Prey to Crypto Scammers
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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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