Bitcoin's 17 millionth coin mined

April 26, 2018, a very special day for Bitcoin community and in the history of cryptocurrency. Today Bitcoin's 17 millionth coin is mined. Source: Blockchain Info Why it matters? Bitcoin, the first digital asset aka cryptocurrency, created in 2009 by an anonymous person Satoshi Nakamoto, is designed with a limited supply of 21 million Bitcoin ever to be mined. It means that no more than 21 million Bitcoin can be created. So, this means we...

The Similarities and Differences Between Bitcoin and Forex Trading

Bitcoin and other digital currencies are currently making a splash in the world of finance. It’s a relatively new concept and there are a lot of opinions out there as to how to trade in Bitcoins and how to understand the changes in this market. One of the ways of explaining this phenomenon is to compare it to a type of trading that has been here for ages and that most of the brokers...

All about Bitcoin for beginners

The first name which flashes in our mind when someone says Blockchain or Digital Currency is Bitcoin. In my initial days of learning, when I tried talking to my friends about Blockchain technology many of them wouldn’t even have heard about it, the only name heard was Bitcoin. I think, today also in many part of the world Blockchain means Bitcoin. Since we are working on a series - ‘Cryptocurrency for beginners’, let’s...

Bitcoin Mining Block Reward (Halving)

Bitcoin has a unique mining block reward strategy. Each time a miner successfully solves Bitcoin’s proof of work algorithm, he is rewarded a set amount of bitcoins agreed upon by the network. The bitcoins included in the block reward are all new bitcoins. This is the only way that new bitcoins are created. At present Bitcoin reward is 12.5 BTC per block. When Bitcoin was created, Satoshi Nakamoto (creator of Bitcoin) set some...

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