Bitcoin (BTC) is the first widely adopted and most valuable cryptocurrency and blockchain, invented in 2008. The creators of Bitcoin are unknown and they’ve claimed the pseudonym Satoshi Nakamoto since the publication of Bitcoin’s whitepaper. Bitcoin blockchain is a peer-to-peer (p2p) network that aims to eliminate the need for third-party or intermediary financial institutions from monetary transactions. The main security concept of Bitcoin blockchain is that it relies on cryptographic proof rather than requiring trust. The Bitcoin network is comprised of a set of nodes from around the world that are responsible for validating transactions and adding new blocks to the blockchain. The nodes reach consensus through Proof-of-Work consensus mechanism, which in turn means that BTC can be mined. Bitcoin was primarily meant to be used as a P2P electronic cash system for everyday use. However, bitcoin mining proved to be a profitable operation over the years and ASIC miners were manufactured to mine BTC. At CoinCupDaily, we provide the most important information and the latest news about Bitcoin. How has Bitcoin evolved ever since its launch? How does the Bitcoin blockchain and consensus mechanism work? How does the price of BTC rise and falls and how can traders earn from its price movement? What is the most recent bitcoin price analysis? Find the answers to your questions about Bitcoin here.
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