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📰 NEWS STORIES COVERED 📰
NEW TAB POPUPS ON BRAVE BROWSER
BITCOIN PRICE SKYROCKETS TO $8.7K CONFIRMING PREVIOUS BOTTOM SIGNALS
BITCOIN JUMPS AS XI’S SPEECH ABOUT BLOCKCHAIN SEEN AS CATALYST
TWITTER CEO JACK DORSEY SLAMS LIBRA
THERE’S ONE TECH GIANT DOING CRYPTO RIGHT: SQUARE
AT&T SUED AFTER ITS EMPLOYEES ALLEGEDLY TOOK PART IN SIM-SWAPPING CASE
MARK ZUCKERBERG DEFENDS FACEBOOK’S POLITICAL AD POLICIES IN HEATED CONGRESSIONAL HEARING
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What is Bitcoin?
Bitcoin is a new technology that functions as a digital currency. It is a peer-based, decentralized way to hold, store, send, and receive value. It does this by maintaining a cryptographic “ledger” called the Blockchain. All of the bitcoins in existence are created and stored on the Blockchain.
Bitcoin with a capital “B” refers to the technology itself. Bitcoin spelled with a little “b” refers to the tokens that hold the value and can be exchanged with others.
Multiple copies of the Blockchain exist on thousands if not millions of computers worldwide. Each copy of the Blockchain “verifies” itself by connecting to the Internet and making sure it has the most up-to-date list of transactions. The Blockchain maintains its integrity by using strong, modern, encryption techniques. This makes it impossible for anyone to alter the ledger, create fake transaction or “double-spend” their bitcoins.
Bitcoins do not require banks or third-party financial services to act as central clearing houses for electronic transfers. In essence, Bitcoin technology “cuts out the middleman”. Bitcoin is a decentralized, peer-to-peer monetary system that exists outside of the traditional, centralized, fiat-currency based financial system.
