Bitcoin is the world’s first virtual digital currency underpinned by a completely decentralized blockchain technology also known as the Distributed Ledger Technology (DLT). Bitcoin was first created in 2009 by an anonymous identity of Satoshi Nakamoto. Bitcoin allows for peer-to-peer transactions and is completely free of any third-party involvement like financial institutions or central banks. The Bitcoin’s blockchain network maintains a history of all the transactions made and facilitates instant funds transfer with minimal transaction fees required to cover the cost of network operation. The total supply of Bitcoin is fixed at 21 million coins and its smallest fractional unit is called as Satoshi. Each Satoshi is a hundred millionth of a Bitcoin which means 100,000,000 Santoshi = 1 BTC. Bitcoins are generated by a process known as ‘mining’ which involves solving of complex mathematical algorithms. The miners involved in the mining process look after the Bitcoin network security and validate each transactions taking place on the network. Bitcoin can be exchanged with other digital currencies or fiat currencies. Bitcoin is used as a means of payment by over 100,000 vendors and merchants.

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With the largest variety of markets and the biggest value - having reached a peak of 18 billion USD - Bitcoin is here to stay. As with any new invention, there can be improvements or flaws in the initial model however the community and a team of dedicated developers are pushing to overcome any obstacle they come across. It is also the most traded cryptocurrency and one of the main entry points for all the other cryptocurrencies. The price is as unstable as always and it can go up or down by 10%-20% in a single day.

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As a merchant one of your main goals is to be able to accept and process payments as quickly and seamlessly as possible so you can make your customers happy and receive payments without any headaches. Bitcoin Cash is the solution, as it has fast and low-cost transactions. As the world goes digital, electronic currencies such as Bitcoin are becoming the go-to method for paying online and in retail shops. Easily accept Bitcoin Cash directly or use third-party providers to accept Bitcoin Cash using their platforms and convert all or part of the sale into local fiat currency.

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Bitcoin (BTC) is the world’s first decentralized digital currency and payment system and is by far the most known and valuable cryptocurrency. It was created in 2009 by an anonymous person or group called Satoshi Nakamoto. Bitcoin enables transactions to be sent peer-to-peer without passing through a central authority. The transactions are recorded on a decentralized public ledger called the blockchain and each payment acquires a small transaction fee to cover the cost of the network. The total supply of Bitcoin is 21 million and it’s smallest unit of bitcoin is called a Satoshi, it’s a hundred millionth of a bitcoin – 0.00000001 BTC. The creation of Bitcoin’s is happening through mining. Miners have the task to validate transactions and keep the network secure. Their efforts are rewarded by new minted Bitcoins and transactions fees. Bitcoin can be exchanged for fiat or other cryptocurrencies, products and services. Over 100,000 merchants and vendors accepts bitcoin as a payment.

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Rising fees on the Bitcoin network contributed to a push by some in the community to create a hard fork to increase the blocksize.[11] This push came to a head in July 2017 when some members of the bitcoin community including Roger Ver felt that adopting BIP 91 without increasing the block-size limit favored people who wanted to treat bitcoin as a digital investment rather than as a transactional currency.[12][13] This push by some to increase the block size met a resistance. Since its inception up to July 2017, Bitcoin users had maintained a common set of rules for the cryptocurrency.[12] Eventually, a group of bitcoin activists,[14] investors, entrepreneurs, developers[12] and largely China-based miners were unhappy with Bitcoin's proposed SegWit improvement plans meant to increase capacity and pushed forward alternative plans for a split which created Bitcoin Cash.[15] The proposed split included a plan to increase the number of transactions its ledger can process by increasing the block size limit to eight megabytes.[12][13]

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The split originated from what was described as a "civil war" in two competing bitcoin cash camps.[18][29] The first camp, supported by entrepreneur Roger Ver and Jihan Wu of Bitmain, promoted the software entitled Bitcoin ABC (short for Adjustable Blocksize Cap) which would maintain the block size at 32MB.[29] The second camp led by Craig Steven Wright and billionaire Calvin Ayre put forth a competing software version Bitcoin SV, short for "Bitcoin Satoshi's Vision," that would increase the block size limit to 128MB.[26][29]

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So, Reppo. You wanted to talk-the-tech if my instincts are correct? Friends and I are designing a 8 layers stack module based off the Avalon's A3255 55nm mining chip with a fpga/firmware (source borrowed). This incorporate the full trading bot machine learning and TA indicator accelerators, and of course a crypto wallet secured by a custom AVR. We're down to 1.694AMP per hashboard (14chips each x 5 =70).

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在古代,加密是由许多办法完成的。在中国较“流行”使用淀粉水在纸上写字,再浸泡在碘水中使字浮现出来。而外国就不同了,最经典的莫过于伯罗奔尼撒战争。公元前405年,雅典和斯巴达之间的伯罗奔尼撒战争已进入尾声。斯巴达军队逐渐占据了优势地位,准备对雅典发动最后一击。这时,原来站在斯巴达一边的波斯帝国突然改变态度,停止了对斯巴达的援助,意图是使雅典和斯巴达在持续的战争中两败俱伤,以便从中渔利。在这种情况下,斯巴达急需摸清波斯帝国的具体行动计划,以便采取新的战略方针。正在这时,斯巴达军队捕获了一名从波斯帝国回雅典送信的雅典信使。斯巴达士兵仔细搜查这名信使,可搜查了好大一阵,除了从他身上搜出一条布满杂乱无章的希腊字母的普通腰带外,别无他获。情报究竟藏在什么地方呢?斯巴达军队统帅莱桑德把注意力集中到了那条腰带上,情报一定就在那些杂乱的字母之中。他反复琢磨研究这些天书似的文字,把腰带上的字母用各种方法重新排列组合,怎么也解不出来。最后,莱桑德失去了信心,他一边摆弄着那条腰带,一边思考着弄到情报的其他途径。当他无意中把腰带呈螺旋形缠绕在手中的剑鞘上时,奇迹出现了。原来腰带上那些杂乱无章的字母,竟组成了一段文字。这便是雅典间谍送回的一份情报,它告诉雅典,波斯军队准备在斯巴达军队发起最后攻击时,突然对斯巴达军队进行袭击。斯巴达军队根据这份情报马上改变了作战计划,先以迅雷不及掩耳之势攻击毫无防备的波斯军队,并一举将它击溃,解除了后顾之忧。随后,斯巴达军队回师征伐雅典,终于取得了战争的最后胜利。

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Bitcoin Cash (BCH) is hard fork (a community-activated update to the protocol or code) of Bitcoin that took effect on August 1st, 2017 that increased the block size to 8MB, to help the scale the underlying technology of Bitcoin.Nov 16th 2018: BCH was hard forked again and split into Bitcoin SV and Bitcoin ABC. Bitcoin ABC became the dominant chain and took over the BCH ticker as it had more hashpower and majority of the nodes in the network.

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Rising fees on the Bitcoin network contributed to a push by some in the community to create a hard fork to increase the blocksize.[11] This push came to a head in July 2017 when some members of the bitcoin community including Roger Ver felt that adopting BIP 91 without increasing the block-size limit favored people who wanted to treat bitcoin as a digital investment rather than as a transactional currency.[12][13] This push by some to increase the block size met a resistance. Since its inception up to July 2017, Bitcoin users had maintained a common set of rules for the cryptocurrency.[12] Eventually, a group of bitcoin activists,[14] investors, entrepreneurs, developers[12] and largely China-based miners were unhappy with Bitcoin's proposed SegWit improvement plans meant to increase capacity and pushed forward alternative plans for a split which created Bitcoin Cash.[15] The proposed split included a plan to increase the number of transactions its ledger can process by increasing the block size limit to eight megabytes.[12][13]
CCN.com, also known as CCN Markets, is a news site reporting on Markets, Tech, Gaming & Sports. Op-eds and opinions should not be attributed to CCN Markets. Journalists on CCN Markets follow a strict ethical code that you can find here. You can contact us here. You can read more about us here. Find our journalists here. U.S. Office: New Jersey, USA. Twitter. Facebook. LinkedIn. Youtube.

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