Bitcoin (CURRENCY:BTC) traded down 0.2% against the dollar during the 1-day period ending at 22:00 PM E.T. on October 21st. Over the last week, Bitcoin has traded down 1.8% against the dollar. Bitcoin has a total market capitalization of $147.97 billion and $15.90 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can currently be bought for about $8,218.19 on exchanges including Bitfinex, Korbit, ABCC and CoinEgg.
Here is how related cryptocurrencies have performed over the last day:
- Bitcoin Cash (BCH) traded 3.2% higher against the dollar and now trades at $232.45 or 0.02829461 BTC.
- Steem (STEEM) traded down 1% against the dollar and now trades at $0.14 or 0.00001690 BTC.
- Unobtanium (UNO) traded down 17.6% against the dollar and now trades at $57.52 or 0.00700102 BTC.
- Namecoin (NMC) traded down 1.9% against the dollar and now trades at $0.47 or 0.00005738 BTC.
- Counterparty (XCP) traded down 0.8% against the dollar and now trades at $1.56 or 0.00018930 BTC.
- Color Platform (CLR) traded 1.6% lower against the dollar and now trades at $0.0299 or 0.00000363 BTC.
- Crown (CRW) traded 1.7% lower against the dollar and now trades at $0.0481 or 0.00000585 BTC.
- PIXEL (PXL) traded 1.2% higher against the dollar and now trades at $0.0184 or 0.00000225 BTC.
- Terracoin (TRC) traded 11.6% higher against the dollar and now trades at $0.0430 or 0.00000524 BTC.
- CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.
BTC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on January 3rd, 2009. Bitcoin’s total supply is 18,005,675 coins. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The Reddit community for Bitcoin is /r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official website is bitcoin.org.
According to CryptoCompare, “Balances – block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. Transactions – private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Processing – mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.”
Buying and Selling Bitcoin
Bitcoin can be traded on the following cryptocurrency exchanges: Bithumb, Kraken, Coinsuper, Sistemkoin, BtcTrade.im, OEX, HADAX, Bitsane, Hotbit, Kucoin, QuadrigaCX, IDCM, Coincheck, LocalTrade, BCEX, Coindeal, Zaif, Mercatox, Negocie Coins, IDAX, Paribu, DigiFinex, Korbit, DOBI trade, FCoin, Binance, TOPBTC, itBit, Bibox, Exmo, Trade By Trade, Bittrex, OKEx, ABCC, ZB.COM, C2CX, Iquant, BTC-Alpha, Allcoin, xBTCe, BitBay, CoinEgg, LakeBTC, Bitbank, CoinsBank, Coinbase Pro, Exrates, Covesting, CEX.IO, BigONE, Coinroom, Bitfinex, Gate.io, BitForex, Coinbe, Gemini, Poloniex, BitMEX, Coinone, InfinityCoin Exchange, EXX, Upbit, Vebitcoin, MBAex, RightBTC, Kryptono, LATOKEN, LBank, Livecoin, B2BX, Cryptopia, CPDAX, BiteBTC, YoBit, Huobi, ChaoEX, Liquid, Instant Bitex, Cryptonex, Simex, HitBTC, CoinBene, CoinEx, CoinTiger, OOOBTC, BitMart, Bitlish, Ovis, Fatbtc, DragonEX, Cobinhood, UEX, GOPAX, Bit-Z, Bitinka, Bitstamp, Coinsquare, bitFlyer, BTCBOX, Coinhub and Tidex. Investors seeking to trade Bitcoin using US dollars directly can do so using Gemini, Changelly or Coinbase.
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