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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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Turkey central bank turns to local tech sector for CBDC research
20 Sep 2021 05:00 Three domestic partners were identified and invited to sign a memorandum of understanding with the bank, whose goal is to develop the “Digital Turkish Lira Collaboration Platform." [...]
Africa’s digital currency market grew by 1200% in the past year: Chainalysis Africa has seen massive growth since June last year, with the need for cheap remittances, rise of P2P platforms, and savings needs leading the adoption, according to Chainalysis. [...]
Hebei province joins block reward mining clampdown in China Block reward mining goes against China’s ‘carbon neutral’ goal, according to the cyberspace commission in China’s Hebei province which recently announced a crackdown. [...]
Canaan Q2 earnings surge amid volatile digital currency market In its quarterly earnings report, Canaan said it sold 5.9 million terahashes per second (TH/s) of hashing power during the quarter representing a 126.9% Y/Y increase from 2.6 million TH/s. [...]
Russian Court Confirms Arrest Warrants for 3 Finiko Founders
Cross-Chain Bridges That Connect 5 Different Blockchains to Ethereum
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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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