What is #Bitcoin ?
#btc is a #P2P version of e-cash that allows online payments to be sent directly from one party to another without going through a middlemen.
The brainchild of #SatoshiNakamoto is extensive research in the field of cryptography and distributed systems.
#btc is a #P2P version of e-cash that allows online payments to be sent directly from one party to another without going through a middlemen.
The brainchild of #SatoshiNakamoto is extensive research in the field of cryptography and distributed systems.
#Satoshi managed to create the following four major innovations, #United into one powerful combination:
1. Proof of Work Algorithm (#POW).
2. Rules for verifying transactions and emissions.
3. #decentralized #P2P network.
4. Public ledger of transactions (#Blockchain).
1. Proof of Work Algorithm (#POW).
2. Rules for verifying transactions and emissions.
3. #decentralized #P2P network.
4. Public ledger of transactions (#Blockchain).
#Bitcoin halving cycle: "#fundamentals"
#btc's halving is the bisecting the payment to miners for adding a block to the #Blockchain. Block has info on transactions (10 min.), hash, amounts and addresses.
Halving controls #inflation making $BTC a deflationary #asset.
#btc's halving is the bisecting the payment to miners for adding a block to the #Blockchain. Block has info on transactions (10 min.), hash, amounts and addresses.
Halving controls #inflation making $BTC a deflationary #asset.
#Bitcoin halving cycle: "Technicals"
#btc tends to move in a cycle of #BullMarket, #bearmarket and a reaccumulation phase. One cycle is completed in 4 years.
It is a supply shock which occurs due to halving of $BTC. This increases the demand thus pushing the price up.
#btc tends to move in a cycle of #BullMarket, #bearmarket and a reaccumulation phase. One cycle is completed in 4 years.
It is a supply shock which occurs due to halving of $BTC. This increases the demand thus pushing the price up.
Advantages of #bitcoin in the #global #economy:
1. Shifts in global #investments
2. Separates transactions from #Dollar
3. Eliminates the middlemen
4. Open ups the #credit system
5. Opens new emerging market
6. New era of #crowdfunding
7. #btc favors Environmentalism
1. Shifts in global #investments
2. Separates transactions from #Dollar
3. Eliminates the middlemen
4. Open ups the #credit system
5. Opens new emerging market
6. New era of #crowdfunding
7. #btc favors Environmentalism
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