Рубли Bitcoin - What is it?

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.

добыча bitcoin обмен bitcoin ann bitcoin jpmorgan bitcoin battle bitcoin bitcoin register заработай bitcoin agario bitcoin bitcoin grafik bitcoin приват24 ethereum solidity bitcoin cli bitcoin вклады bitcoin обналичивание

bitcoin io

bitcoin портал

bitcoin монеты рейтинг bitcoin bitcoin это monero купить bitcoin china bitcoin криптовалюта ethereum виталий cubits bitcoin ethereum обменять forex bitcoin bitcoin видеокарты bitcoin счет preev bitcoin Ethereum has been in operation since 2015 and continues to build a strong established history. The Ethereum network (and Ether) have functioned as expected for 99.99% of its life. The other 0.01% includes surviving The DAO, multiple large hacks of smart contracts, multiple protocol-level exploits, the Shanghai DoS attacks, constant negative remarks from the wider crypto community and multiple bear markets (including a recent 94% drop in price).bitcoin казино bitcoin государство bitcoin tor blocks bitcoin

bitcoin sign

bitcoin clouding easy bitcoin bitcoin транзакция майнить bitcoin cryptocurrency index lazy bitcoin

bitcoin etf

алгоритмы ethereum

flappy bitcoin

bitcoin машина monero hardware bitcoin it bitcoin 4000 kupit bitcoin bitcoin основы bitcoin ledger apple bitcoin bitcoin click bitcoin автосерфинг bitcoin girls ethereum stratum bitcoin mine ethereum blockchain эмиссия ethereum

ethereum install

bitcoin казино bitcoin talk bitcoin minergate lurkmore bitcoin exchange ethereum bitcoin x2 site bitcoin bitcoin торговля short bitcoin cryptocurrency index bitcoin фарминг cryptocurrency gold платформа ethereum bitcoin пополнение компания bitcoin

miner monero

bitcoin cap деньги bitcoin love bitcoin bitcoin государство stock bitcoin bitcoin bcc bitcoin super

генераторы bitcoin

ethereum wallet

bitcoin forums

monero обмен bitcoin brokers kong bitcoin my ethereum биржа monero minergate ethereum bitcoin location tor bitcoin cryptocurrency форки ethereum скрипты bitcoin best cryptocurrency криптовалюта ethereum doubler bitcoin

secp256k1 ethereum

bitcoin ключи андроид bitcoin nicehash bitcoin bitcoin коды bitcoin paypal

ethereum forum

майнинга bitcoin

difficulty ethereum bitcoin ios картинка bitcoin развод bitcoin monero пулы 1 ethereum hd7850 monero bitcoin ann bitcoin formula ico ethereum платформе ethereum ethereum mist bitcoin софт statistics bitcoin ethereum transactions matrix bitcoin monero hardware bitcoin работать Conclusionsbitcoin андроид minecraft bitcoin bitcoin открыть ethereum платформа ethereum russia bitcoin adress майнить bitcoin tether bitcointalk bitcoin birds monero usd enterprise ethereum

home bitcoin

cryptocurrency faucet cryptocurrency calendar ethereum прогнозы china bitcoin мониторинг bitcoin tether обзор monero dwarfpool ethereum алгоритмы by bitcoin bitcoin minecraft registration bitcoin alpari bitcoin

bitcoin гарант

bitcoin mac forex bitcoin moon ethereum

bitcoin now

bitcoin xyz agario bitcoin

bitcoin сети

ethereum доллар As a web infrastructure, you don’t need to know about the blockchain for it to be useful in your life.blocks bitcoin эмиссия ethereum panda bitcoin bitcoin core forecast bitcoin ethereum contracts bitcoin it monero poloniex bitcoin завести decred cryptocurrency

ethereum описание

bitcoin symbol tether обзор сбербанк bitcoin bitcoin форекс cryptocurrency news exchange ethereum film bitcoin ethereum markets safe bitcoin registration bitcoin bitcoin count bitcoin agario

cold bitcoin

bitcoin etf ethereum сайт community bitcoin alien bitcoin secp256k1 ethereum config bitcoin puzzle bitcoin monero кошелек bitcoin раздача

bitcoin перспектива

bitcoin mining monero windows status bitcoin bitcoin рейтинг bitcoin count bitcoin play доходность ethereum bitcoin сервера linux ethereum exmo bitcoin ethereum википедия обменники ethereum free bitcoin bitcoin cgminer AMD Opteron 627:habrahabr bitcoin bitcoin софт bitcoin habr tether mining bitcoin payoneer wifi tether bitcoin надежность In June 2011, Symantec warned about the possibility that botnets could mine covertly for bitcoins. Malware used the parallel processing capabilities of GPUs built into many modern video cards. Although the average PC with an integrated graphics processor is virtually useless for bitcoin mining, tens of thousands of PCs laden with mining malware could produce some results.технология bitcoin film bitcoin bitcoin protocol ethereum pow reddit ethereum bitcoin adress вики bitcoin bitcoin analysis

bitcoin blog

san bitcoin planet bitcoin

playstation bitcoin

mercado bitcoin etoro bitcoin mine monero bitcoin сети создатель ethereum

куплю ethereum

For blockchains, this begins with a distributed network.ethereum создатель перспектива bitcoin Blockchain is the technology on which bitcoin, and all cryptocurrencies, run. It is the means that is used to record bitcoin transactions, and it is for this reason that banks and financial institutions fear the new technology.Forks work by introducing changes to the software protocol of the blockchain. They are often associated with the creation of new tokens. The main ways of creating new cryptocurrencies are to create them from scratch. Or, to ‘fork’ the existing cryptocurrency blockchain.ccminer monero bitcoin вклады хардфорк monero fox bitcoin bitcoin work

bitcoin расшифровка

plus500 bitcoin котировки ethereum lightning bitcoin ethereum токены bitcoin bio

bitcoin rt

ethereum википедия monero ann bitcoin hourly ethereum контракт bitcoin chart importprivkey bitcoin tether майнинг client ethereum ethereum сбербанк node bitcoin Perhaps the most secure way to store cryptocurrency offline is via a paper wallet. A paper wallet is a cold wallet that you can generate off of certain websites. It then produces both public and private keys that you print out on a piece of paper. The ability to access cryptocurrency in these addresses is only possible if you have that piece of paper. Many people laminate these paper wallets and store them in safety deposit boxes at their bank or even in a safe in their home. Paper wallets have no corresponding user interface other than a piece of paper and the blockchain itself. bitcoin gadget баланс bitcoin The community is divided over the best way to increase the number of transactions. Changes to the rules governing the use of the underlying software is called 'forks'. 'Soft forks' pertain to rule changes that do not result in the creation of a new cryptocurrency, while 'hard fork' software changes result in new cryptocurrencies. Past bitcoin hard forks have included bitcoin cash and bitcoin gold.ethereum асик bitcoin security

вложить bitcoin

monero биржи bitcoin poker bitcoin golden фильм bitcoin bitcoin bat secp256k1 ethereum the ethereum bitcoin список bitcoin prune bitcoin видеокарта ethereum shares bitcoin multiplier ферма ethereum bitcoin заработок bitcoin wmx programming bitcoin monero client cfd bitcoin tether кошелек bitcoin box инвестиции bitcoin сборщик bitcoin прогнозы bitcoin bitcoin x ethereum online bitcoin classic key bitcoin monero pool monero xmr bitcoin торговля bitcoin шахта bitcoin калькулятор bitcoin обозреватель importprivkey bitcoin withdraw bitcoin faucet cryptocurrency

ethereum регистрация

bitcoin block bitcoin торги bitcoin теханализ Part of a series on

pos bitcoin

проект ethereum

decred ethereum stock bitcoin bitcoin loan торрент bitcoin

bitcoin explorer

bitcoin mmgp проект ethereum bitcoin get bitcoin 50 bitcoin nvidia bitcoin купить ethereum монета favicon bitcoin monero rub бумажник bitcoin fox bitcoin Blockchain technology is secured with cryptographic techniques, making it near impossible for hackers to make changes to it. The only way to make changes would be to hack more than half of the nodes in the blockchain, which again, is why it is more secure to have more nodes/computers running the blockchain.It may be the case at some point that it will become desirable to render some UTXOs unspendable in order to protect the network, such as P2PK funds that could be vulnerable to quantum attacks. Any such proposal would be controversial, but perhaps users would accept it if its benefits significantly outweighed its harm.bitcoin electrum monero майнить bitcoin xt

abc bitcoin

connect bitcoin electrodynamic tether delphi bitcoin

bitcoin график

tether обменник bitcoin аналитика кошелек bitcoin monero nvidia rub bitcoin почему bitcoin биржа monero daily bitcoin bitcoin proxy frontier ethereum bitcoin сша bitcoin forecast decred ethereum Bitcoin isn’t simply an innovation in currency. It’s an innovation in communication. Bitcoin is becoming the universal language of money. And as with email, SMS, and video chat, new technologies that enhance our ability to communicate one-to-one typically start off slowly, build up a user base—and ultimately go global. monero ico обсуждение bitcoin equihash bitcoin habrahabr bitcoin x2 bitcoin mine monero bitcoin бонусы

monero cpuminer

monero algorithm

ethereum курсы tether download bitcoin ecdsa boom bitcoin платформ ethereum bitcoin таблица

bitcoin programming

bitcoin etherium

bitcoin cz

tether wifi

алгоритм monero

bitcoin banks

сбор bitcoin

bitcoin puzzle

bitcoin brokers

top tether

bitcoin nedir

ethereum contract

elysium bitcoin

bitcoin multisig

cryptocurrency magazine

bonus bitcoin

ethereum бесплатно

tether bootstrap

капитализация bitcoin

tether usb

bitcoin сеть

monero algorithm

bitcoin список

торговать bitcoin

ethereum обменять

bitcoin store

ethereum история

краны bitcoin

monero xeon

1 bitcoin

bitcoin alliance

обсуждение bitcoin

p2pool monero

zcash bitcoin

иконка bitcoin

bitcoin банкнота

monero xmr

bitcoin prices

bitcoin loans

ethereum investing

ethereum blockchain

bitcoin click

bitcoin адреса

bitcoin android

ethereum монета

bitcoin ads

bitcoin обмен

payza bitcoin

арбитраж bitcoin

bitcoin payeer

bitcoin fx

golden bitcoin

magic bitcoin

торрент bitcoin

bitcoin алгоритм

mastering bitcoin

ферма bitcoin

команды bitcoin

nanopool ethereum

сложность ethereum

monero github

bot bitcoin

monero faucet

bitcoin сбор