Good Day Everyone!
Today, I will write some facts and informations that you must know about
CRYPTOCURRENCY, BITCOIN, BCT, TRADING AND MORE! (This article also contains links of threads and infographics that was already made by our fellow members.)
CRYPTOCURRENCY
Definition: A decentralized digital currency that uses encryption ( cryptography ) to generate money and to verify transactions. Also an alternative to traditional currencies which are backed by a centralized government like the US Dollar (USD). (
www.cryptocurrencyfacts.com )
Facts and Informations: bitgold (not BitGold) -First Decentralized Cryptocurrency worked by Nick Szabo but never implemented
-First precursor to
BITCOINDigiCash -Cryptocurrency Pioneer Company of David Chaum founded in 1989 which attempted to innovate digital currency
b-money -A conceptual system (anonymous, distributed electronic cash system) published in 1998
e-gold -A Centralized Digital Currency (digital gold currency) that started in 1996
As of today, there are over 1,000 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $600 Billion. And it seems that cryptocurrency is more than just a fad although the future in uncertain.
Even though there are many specific cryptocurrencies currently becoming popular (such as
Litecoin) and widely-used as currencies, commodities, and electronic payment systems,so far Bitcoin is the most commonly used cryptocurrency with its current value of more or less $8,000.
(informations stated above came from various sites and based on current exchange)
BITCOIN
Definition: A cryptocurrency and worldwide payment system. The
First Decentralized Digital Currency as the system works without a central bank or single administrator. The network is
peer-to-peer ( a distributed application architecture that partition tasks or workloads between peers ) and transactions (verified by network nodes through the use of cryptography and recorded in a public distributed ledger called
BLOCKCHAIN) takes place between users directly, without an intermediary.
Facts and Informations: The
Founder of Bitcoin and
Initial Creator of the Original Bitcoin Client (Satoshi Client or Satoshi Code refers to bitcoind ( a program that implements Bitcoin protocol for remote procedure ) Also an honor for Satoshi Nakamoto for creating Bitcoin )
SATOSHI/S
The smallest unit of bitcoin currency recorded on the blockchain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC). The unit has been named in collective homage to the original creator of Bitcoin, Satoshi Nakamoto.
Defined As: A
Message Board where people interested in the technical details and development of Bitcoin software can talk to each other.
Facts:Sirius -a.k.a. Martti Malmi, the Second Developer after Satoshi and the founder of the Bitcoin Forum.
Theymos -Current Head Administrator of BitcoinTalk Forum.
This Forum also have places for people who’s interested in bitcoin mining, trading and economic of bitcoin. It also have a place for different alternative coins that has been introduced and for the upcoming altcoins ( Introducing altcoins comes in various campaigns with a bounty depends on the company/campaign managers who created/manages it. )
Forum Guide: New Member Rankings / Requirements
Forum Guide: Do’s And Don’ts To Get Merit
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