Bitcoin (CURRENCY:BTC) traded 1.5% lower against the US dollar during the 1-day period ending at 9:00 AM ET on April 18th. During the last week, Bitcoin has traded up 13.6% against the US dollar. Bitcoin has a market capitalization of $156.09 billion and approximately $11.96 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can currently be bought for approximately $9,182.94 on major cryptocurrency exchanges including Bitbank, Bibox, Iquant and fex.
Here is how other cryptocurrencies have performed during the last 24 hours:
- Bitcoin Cash (BCH) traded down 12.4% against the dollar and now trades at $1,309.60 or 0.14251500 BTC.
- Steem (STEEM) traded up 5.9% against the dollar and now trades at $3.58 or 0.00038922 BTC.
- Counterparty (XCP) traded 11.7% lower against the dollar and now trades at $18.27 or 0.00198869 BTC.
- Unobtanium (UNO) traded 0.2% lower against the dollar and now trades at $145.04 or 0.01578410 BTC.
- Namecoin (NMC) traded down 5.4% against the dollar and now trades at $1.91 or 0.00020767 BTC.
- Crown (CRW) traded 13.5% lower against the dollar and now trades at $1.54 or 0.00016810 BTC.
- PACcoin ($PAC) traded 4.1% lower against the dollar and now trades at $0.0071 or 0.00000078 BTC.
- ATBCoin (ATB) traded down 2.9% against the dollar and now trades at $0.20 or 0.00002163 BTC.
- CHIPS (CHIPS) traded 5.2% lower against the dollar and now trades at $0.35 or 0.00003785 BTC.
- Terracoin (TRC) traded 3.8% lower against the dollar and now trades at $0.15 or 0.00001681 BTC.
Bitcoin Coin Profile
Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on January 3rd, 2009. Bitcoin’s total supply is 16,998,312 coins. The official message board for Bitcoin is bitcointalk.org. The official website for Bitcoin is bitcoin.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.
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 purchased on these cryptocurrency exchanges: B2BX, GDAX, Bit-Z, MBAex, Coinroom, BtcTrade.im, Upbit, Kucoin, OKEx, DragonEX, TOPBTC, Iquant, OEX, fex, Bitstamp, IDAX, BitBay, Huobi, BCEX, CoinExchange, ZB.COM, OTCBTC, LakeBTC, GOPAX, BTC Markets, CEX.IO, BTCTurk, Exmo, EXX, Foxbit, Omicrex, Ethfinex, Lbank, QuadrigaCX, RightBTC, HitBTC, Bitfinex, Zaif, Trade By Trade, Poloniex, itBit, Zebpay, WEX, Bithumb, bitFlyer, Bitbank, Tidex, CoinEgg, Luno, Fisco, CoinTiger, CoinBene, BX Thailand, Korbit, Paribu, YoBit, Binance, Bittrex, Bibox, xBTCe, Quoine, Livecoin, Coinone, BTCC, Cryptopia, Indodax, OOOBTC, Liqui, Negocie Coins, Kraken, BTCBOX, Gemini, Neraex, Gate.io, Octaex, Bitinka, Fatbtc, BitMEX, CoinsBank, Coinhub and Simex. Investors seeking to trade Bitcoin using US dollars directly can do so using GDAX, Changelly or Coinbase.
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