Bitcoin news aims to keep you abreast of the latest developments with Bitcoin.
Satoshi Nakamoto's brainchild-Bitcoin has reformed how currencies are viewed. It uses blockchain technology to establish a
peer-to-peer, decentralized digital currency.
Blockchain technology in Bitcoin
The premier
digital currency, Bitcoin, employed blockchain technology to achieve its decentralized nature.
Blockchain technology is used by bitcoin and most
cryptocurrencies to remove the need for a central regulatory authority to maintain transactional data.
How do you get Bitcoin?
- Bitcoin Mining: All transactions with BTC are recorded in blocks that comprise its blockchain. To prevent "double spending," all operations are verified by miners who solve cryptographic puzzles. Currently, for every block mined, 12.5 BTC are rewarded to miners, which will reduce to 6.25 bitcoins per block in 2020.
- BTC exchange: Fiat currency can be exchanged for BTC. Bitcoin's competitive currencies and its supply and demand affect its value. Only a limited supply of 21 million bitcoins is available. Bitcoin exchangers facilitate buying and selling of BTC.
Pertinent updates related to
BTC news are provided on Chaintimes.
