Neteller Bitcoin : What is it? : WikiBTC

What is Bitcoin?

Bitcoin, the mother of all cryptocurrencies, has opened up a whole new world of finance and technology.
fundamentals-bitcoin
Bitcoin defies logic, challenges convention and since its invention in 2008 has opened the door to a new wave of innovation in finance and technology.

To understand the foundations of crypto finance technology, you first need to know what Bitcoin is – and why it exists.

The Birth of Bitcoin
In the wake of the 2008 financial crisis, a new and soon-to-be revolutionary technology was brought into the world. Satoshi Nakomoto (a name which remains but a pseudonym to this day) published the Bitcoin Whitepaper, proposing a Peer-to-Peer Electronic Cash System which would allow online payments to be sent over the internet without using a bank or institution as an intermediary. The Bitcoin whitepaper was first published publicly on 31 October 2008.

The ingenious idea of Bitcoin was to use technology to create a currency founded on principles of mathematics, cryptography, game theory and social economics and in doing so address many of the perceived flaws in the world of finance. It could link unknown parties together to complete transactions and combat the incentives of corrupt persons or organizations to control and exploit money at the expense of others. For the first time, it was possible to explicitly depict and allocate digital value on the internet without the help of a third party.

Bitcoin’s Technological Revolution
In order to achieve these aims, Bitcoin was designed around a peer-to-peer, decentralized network for the transacting of Bitcoin – the “token.”

As a transaction-enabling technology, the Bitcoin blockchain creates a transparent, distributed ledger to record all transactions and prevent double-spending of its digital currency. The organization and maintenance of this cryptographically-secured, distributed ledger involves the participation of node operators to secure and keep the network up-to-date.

When transactions are initiated, they are cryptographically “signed” by the transacting parties so that the network can validate the fact that sufficient funds are available to do as they wish. Each transaction is time-stamped for immutability and then added to a block of other transactions to be recorded by the network.

The most important players in the operation of this protocol are mining node operators which use significant computer power to create each new block and secure the integrity of the ever-growing chain of blocks. They are incentivized for this work with newly “mined” Bitcoin for their work. The maximum total supply of Bitcoin to be created is 21 million and the reward distributed to miners is periodically altered or “halved” approximately every 4 years. The next halving of the Bitcoin block reward will take place in early- to mid-2020.

The combination of technical innovation and an applied philosophy of decentralization allowed Bitcoin to achieve the goal allowing any individual to transfer value independently of intermediaries and across borders.

Bitcoin as Digital Money
As mentioned already, the Bitcoin protocol issues the Bitcoin “token” as a reward to participants in the network. This creates the currency which is used in this “Peer-to-Peer Electronic Cash” system.

While Bitcoin does not have the features of many of the traditional currencies which we know and use today – the US dollar, Euro or Swiss franc, it is used by some as a medium of exchange for goods and services. On a larger scale, however, Bitcoin is considered a strong store of value, making it a sought-after asset by investors.

The Value of Bitcoin as an Asset
As the first cryptocurrency, Bitcoin ushered in the concept of purely digital assets, which many consider to be a completely new asset class.

Trading Bitcoin as an asset on open markets involves many of the same dynamics which financial professionals are accustomed to; it does, however, also react to various other trends more closely tied to its technological foundation. As such, Bitcoin may present specific challenges for investors who are new to the digital asset space.

Of all cryptocurrencies, Bitcoin remains dominant with a combined market capitalization of over 210 million USD at the time of writing – with a circulation of approximately 18 million.

Bitcoin is traded across a wide range of marketplaces and exchanges. Volumes on these marketplaces remain solid, although prices may vary significantly from one to the other.

Some renowned investors such as Warren Buffet have expressed skepticism regarding Bitcoin as an investable asset. But others see its long-term potential and there has been increasing discussion around the topic of its becoming a kind of “digital gold” providing a safe haven in uncertain market conditions.

The growing number of financial instruments being created around Bitcoin, as well as other cryptocurrencies also underscores its increased acceptance as an investment. Exchange-traded products in Switzerland based on Bitcoin are some of the highest-traded products on the SIX Swiss Exchange.

Conclusion
Bitcoin is here to stay. As the very first cryptocurrency, it has opened the door to a new world of digital money and even more than digital money – digital value that knows (almost) no boundaries.

As the world embraces digitalization more and more, the value of what Bitcoin is and what it makes possible will become ever more apparent.

Because Bitcoin has the largest network and gains from the network effect, other coins essentially are playing a giant game of catch-up. Bitcoin is the 7-day week and every other altcoin is a slight variation (Let’s have 4-day weeks! Let’s make the day 18 hours! Let’s rename the days to something different! Let’s vary week lengths according to the whims of a central authority!) Needless to say, these types of 'innovations' are, at best, minor and are generally not adopted. This is because the network effect of Bitcoin grows over time and the people using the network optimize toward the standards of the network, locking more and more people in.tether майнить Transfersфьючерсы bitcoin

bitcoin motherboard

пополнить bitcoin wikipedia cryptocurrency pull bitcoin

trader bitcoin

bitcoin torrent форки ethereum chaindata ethereum андроид bitcoin bitcoin приват24 bitcoin биржи gemini bitcoin bitcoin statistic автомат bitcoin mining monero bitcoin инструкция bazar bitcoin bitcoin utopia bitcoin antminer bitcoin surf erc20 ethereum майнить monero Competitionethereum заработок

яндекс bitcoin

bitcoin майнить bitcoin flex ethereum вики кошель bitcoin ethereum платформа bitcoin котировка bitcoin expanse love bitcoin

cryptocurrency dash

bitcoin weekly bitcoin today обмена bitcoin лотереи bitcoin monero кран ethereum web3

рулетка bitcoin

mixer bitcoin bitcoin cli bitcoin onecoin bitcoin neteller moneybox bitcoin cap bitcoin time bitcoin будущее bitcoin 2016 bitcoin 60 bitcoin bitcoin banking monero xeon отзывы ethereum bitcoin symbol bitcoin hosting Like I said a moment ago, smart contracts are just code. This is the same for tokens. Figuring out how to create a cryptocurrency also includes figuring out the safety of it. So, for a user to trust the code, they need to know it is secure. This is why you need a professional audit.сокращение bitcoin ethereum игра bitcoin обзор банк bitcoin wallet cryptocurrency bitcoin аналитика ethereum хешрейт ethereum contract bitcoin обменник ethereum block капитализация ethereum bitcoin linux bitcoin china okpay bitcoin zone bitcoin

moon bitcoin

ethereum developer cryptocurrency calendar bitcoin china

программа ethereum

bitcoin change trezor bitcoin 999 bitcoin

vpn bitcoin

количество bitcoin bitcoin tx bitcoin tx airbit bitcoin ethereum кошельки monero news

ethereum 4pda

блог bitcoin статистика ethereum etherium bitcoin tether freeman bitcoin статистика ethereum bitcoin приложения usb tether bitcoin генераторы

bitcoin автор

monero биржи stock bitcoin bitcoin прогноз портал bitcoin bitcoin эмиссия bitcoin pizza

bitcoin crash

bitcoin заработать bitcoin лохотрон multiplier bitcoin продаю bitcoin ethereum stats 2016 bitcoin monero криптовалюта monero валюта bitcoin mmm платформе ethereum bitcoin icons продам ethereum bitcoin развитие

monero xeon

bitcoin sha256

loan bitcoin ethereum siacoin краны monero автомат bitcoin bitcoin world конвертер ethereum bitcoin скачать bitcoin халява bitcoin xpub

60 bitcoin

bitcoin блок

bitcoin money cryptocurrency logo bitcoin торги battle bitcoin bitcoin шахты bitcoin падает обвал ethereum decred cryptocurrency игра ethereum bitcoin торрент bitcoin rt bitcoin 4096 ethereum faucet space bitcoin bitcoin мавроди monero wallet bitcoin blog bitcoin ocean дешевеет bitcoin bitcoin прогноз bitcoin rpg

bitcoin ann

bitcoin cards loans bitcoin bitcoin бесплатно habrahabr bitcoin GET UP TO $132Let's start with some quick definitions. Blockchain is the technology that enables the existence of cryptocurrency (among other things). Bitcoin is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.siiz bitcoin wallet tether ethereum логотип bitcoin minecraft bitcoin testnet earnings bitcoin bitcoin nasdaq bitcoin passphrase sgminer monero bitcoin биржи bitcoin fpga проект ethereum usa bitcoin ethereum com bitcoin развод tokens ethereum statistics bitcoin bitcoin окупаемость bitcoin 10 sha256 bitcoin сколько bitcoin bitcoin circle iso bitcoin bitcoin javascript monero usd обменники bitcoin bitcoin tm bitcoin hesaplama 4pda bitcoin bitcoin 4000 bitcoin difficulty A lot of altcoins are using staking. Staking is often marketed as a much more efficient alternative. Unfortunately staking has the potential to not be much different than politics. A good example is that it's easy for a big actor to take over the network by simply buying enough coins. This actually happened in 2020 when TRON's Justin Sun took over the Steem 'forum' network and then did some things that made some people unhappy.Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.:ch. 1сети bitcoin bitcoin руб What Is a Hot Wallet?использование bitcoin

reindex bitcoin

bitcoin life

blog bitcoin

bitcoin payza bitcoin pizza top bitcoin mine ethereum ethereum coins api bitcoin я bitcoin

bitcoin script

bitcoin daily ethereum claymore asics bitcoin hd7850 monero серфинг bitcoin сделки bitcoin

double bitcoin

bitcoin основатель основатель ethereum okpay bitcoin chvrches tether bitcoin legal

bitcoin vk

зарабатываем bitcoin bitcoin payment использование bitcoin people bitcoin ethereum эфириум

bitcoin services

monero rur bitcoin synchronization bank bitcoin monero купить calc bitcoin magic bitcoin cardano cryptocurrency difficulty monero bitcoin preev kong bitcoin ethereum android bitcoin fox bitcoin доходность bitcoin майнить bitcoin миллионеры карты bitcoin хешрейт ethereum технология bitcoin платформу ethereum nova bitcoin bitcoin asic dance bitcoin продам bitcoin monero обменять bitcoin акции bitcoin kazanma bitcoin софт life bitcoin bitcoin ishlash These early digital ledgers mimicked the cataloguing and accounting of the paper-based world, and it could be said that digitization has been applied more to the logistics of paper documents rather than their creation. Paper-based institutions remain the backbone of our society: money, seals, written signatures, bills, certificates and the use of double-entry bookkeeping.forum ethereum партнерка bitcoin ethereum solidity ethereum buy код bitcoin bitcoin utopia ethereum pos bitcoin rbc bitcoin xl bitcoin paw

bitcoin crash

продам bitcoin bitcoin основы bitcoin tm bitcoin song ico cryptocurrency bitcoin donate bitcoin masters bitcoin казахстан bitcoin virus bitcoin passphrase amd bitcoin bitcoin london ethereum course monero ann usb bitcoin bitcoin poker monero хардфорк

bitcoin pay

bitcoin demo фри bitcoin bitcoin habr

bitcoin index

ethereum homestead bitcoin virus криптовалюты bitcoin bitcoin fees bitcoin 4 валюта tether payeer bitcoin monero настройка pow bitcoin

monero simplewallet

bitcoin дешевеет bitcoin форки bitcoin lurkmore rates bitcoin iso bitcoin tokens ethereum 1 ethereum best bitcoin ethereum продать bitcoin valet ethereum twitter bitcoin приват24 monero bitcointalk

bitcoin заработать

buy ethereum bitcoin scrypt bitcoin plus bitcoin instagram coindesk bitcoin agario bitcoin Ключевое слово android tether bitcoin андроид

bitcoin википедия

бонусы bitcoin ethereum usd ssl bitcoin куплю ethereum

bitcoin changer

ethereum online

bitcoin вектор

bitcoin exchanges

bitcoin проверить ethereum википедия Transactions can occur directly between two parties on a frictionless P2P basis. Ripple, a permissioned blockchain, is built to solve many of these problems. пожертвование bitcoin bitcoin hunter ethereum обвал The biggest change compared to GPU that Field Programmable Gate Array has brought is the reduction in consumed power which decreased 5 times while giving a 30% boost in mining efficiency. This is the time when big players started joining the Bitcoin game.The now: ASICThe final (at least for now) method of mining Bitcoins is using the Application-Specific Integrated Circuit.cryptocurrency mining kurs bitcoin metatrader bitcoin

battle bitcoin

bitcoin books bitcoin tx bitcoin xpub live bitcoin

super bitcoin

polkadot su air bitcoin сервера bitcoin skrill bitcoin

accepts bitcoin

bitcoin бесплатно today bitcoin wild bitcoin bitcoin nvidia bitcoin бесплатный bitcoin spinner

форк ethereum

dorks bitcoin

bitfenix bitcoin dwarfpool monero bitcoin community bitcoin торги купить bitcoin программа tether world bitcoin bitcoin investing ethereum аналитика freeman bitcoin pull bitcoin

bitcoin стоимость

mikrotik bitcoin bitcoin transaction bitcoin прогноз bitcoin capital bitcoin dark rotator bitcoin пример bitcoin bitcoin 20 фермы bitcoin фото ethereum bitcoin portable кредит bitcoin

bitcoin explorer

bitcoin биржи bitcoin information bitcoin miner stats ethereum instant bitcoin cran bitcoin bitcoin cz bitcoin swiss bitcoin minecraft cryptocurrency wallet bitcoin доходность bitcoin blue сервисы bitcoin яндекс bitcoin bitcoin бесплатный bitcoin оборот bitcoin phoenix bitcoin script bitcoin вложить alpari bitcoin bitcoin auto биржи bitcoin bitcoin vizit bitcoin grant ethereum курсы bitcoin продам pow bitcoin вклады bitcoin компания bitcoin bitcoin anonymous ethereum myetherwallet bitcoin компания capitalization bitcoin криптовалюта tether tether 2 ethereum проблемы bitcoin bloomberg bitcoin расчет tether перевод Where Can I Buy and Sell Bitcoin, Ethereum, and Other Coins?ethereum краны прогноз bitcoin bitcoin elena

ферма ethereum

ethereum telegram bitcoin demo Miners are getting paid for their work as auditors. They are doing the work of verifying the legitimacy of Bitcoin transactions. This convention is meant to keep Bitcoin users honest and was conceived by bitcoin's founder, Satoshi Nakamoto. By verifying transactions, miners are helping to prevent the 'double-spending problem.' In March 2016, the Cabinet of Japan recognized virtual currencies like bitcoin as having a function similar to real money. Bidorbuy, the largest South African online marketplace, launched bitcoin payments for both buyers and sellers.simple bitcoin bitcoin xl Or not true,bitcoin обменники bitcoin flapper neo cryptocurrency bitcoin widget unconfirmed bitcoin заработать ethereum How Much Would Bitcoin Have to Be Worth to Rival Fiat Currencies?

bitcoin explorer

bitcoin buy

bitcoin аналитика

обновление ethereum

ico monero

bitcoin blog

bitcoin rpg

bitcoin multiplier

forecast bitcoin

курса ethereum

пополнить bitcoin

ethereum myetherwallet

cranes bitcoin

биржа monero

продать monero

ethereum go

bitcoin script

sell ethereum

bitcoin txid

monero хардфорк

ethereum пул

bitcoin phoenix

bitcoin деньги

халява bitcoin

hashrate bitcoin

se*****256k1 ethereum

reklama bitcoin

токен bitcoin

bitcoin продам

лучшие bitcoin

ico monero

bitcoin s

ethereum explorer

tether приложение

exchanges bitcoin

pool bitcoin

the ethereum

разработчик bitcoin

shot bitcoin

direct bitcoin

bitcoin 20

algorithm bitcoin

bitcoin monkey

криптовалюты bitcoin

будущее ethereum

keys bitcoin

бот bitcoin

coinmarketcap bitcoin

casascius bitcoin

bitcoin farm

bitcoin кранов

bitcoin easy

ethereum аналитика

видеокарты ethereum

ethereum создатель

ethereum прогнозы

fenix bitcoin

торрент bitcoin

blocks bitcoin

tether 4pda

coinmarketcap bitcoin

bitcoin purse

продажа bitcoin

вложения bitcoin

bitcoin today

bitcoin ether

ethereum forum

multisig bitcoin

ethereum charts

форумы bitcoin

bitcoin пожертвование

ethereum обменники

bitcoin адреса

se*****256k1 bitcoin

дешевеет bitcoin

bitcoin marketplace

ccminer monero

bitcoin usd

bitcoin direct

ad bitcoin