Bitcoin (CURRENCY:BTC) traded 2.3% higher against the U.S. dollar during the 24 hour period ending at 15:00 PM E.T. on August 23rd. Bitcoin has a total market cap of $186.51 billion and $15.21 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can now be purchased for $10,423.97 on popular exchanges including TOPBTC, Kryptono, CEX.IO and Simex. During the last week, Bitcoin has traded 0.6% higher against the U.S. dollar.
Here’s how other cryptocurrencies have performed during the last day:
- Bitcoin Cash (BCH) traded up 0.6% against the dollar and now trades at $313.32 or 0.03008391 BTC.
- Steem (STEEM) traded 3.8% higher against the dollar and now trades at $0.18 or 0.00001722 BTC.
- Unobtanium (UNO) traded up 2.3% against the dollar and now trades at $74.07 or 0.00711341 BTC.
- Namecoin (NMC) traded up 4.1% against the dollar and now trades at $0.75 or 0.00007191 BTC.
- Counterparty (XCP) traded down 0.1% against the dollar and now trades at $1.75 or 0.00016776 BTC.
- Crown (CRW) traded up 1.7% against the dollar and now trades at $0.0666 or 0.00000639 BTC.
- Terracoin (TRC) traded 0.9% lower against the dollar and now trades at $0.0381 or 0.00000366 BTC.
- PIXEL (PXL) traded up 18.2% against the dollar and now trades at $0.0081 or 0.00000078 BTC.
- CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.
- Zetacoin (ZET) traded 7% higher against the dollar and now trades at $0.0020 or 0.00000019 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 17,892,800 coins. The Reddit community for Bitcoin is /r/bitcoin and the currency’s Github account can be viewed here. The official website for Bitcoin is bitcoin.org. Bitcoin’s official message board is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible 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 traded on these cryptocurrency exchanges: BigONE, Huobi, Korbit, Exmo, Allcoin, ABCC, Bibox, Coinsquare, GOPAX, Bitbank, Gemini, Coinroom, Mercatox, Hotbit, Bitlish, CoinEgg, BiteBTC, Exrates, BitMEX, LBank, ZB.COM, xBTCe, itBit, BitBay, CoinEx, LakeBTC, IDAX, Bitfinex, Zaif, LocalTrade, MBAex, Iquant, HADAX, OEX, EXX, BtcTrade.im, QuadrigaCX, Coinsuper, bitFlyer, InfinityCoin Exchange, Cryptonex, ChaoEX, LATOKEN, Bit-Z, Bitsane, Negocie Coins, DOBI trade, Binance, Ovis, HitBTC, Gate.io, Cobinhood, C2CX, Coindeal, Upbit, CoinBene, Simex, Paribu, Coinbe, Instant Bitex, Kraken, BCEX, Coinone, Sistemkoin, CPDAX, Kryptono, BTCBOX, FCoin, TOPBTC, Poloniex, YoBit, Bithumb, OOOBTC, BTC-Alpha, Coincheck, RightBTC, DragonEX, IDCM, Liquid, Livecoin, CoinTiger, CEX.IO, Coinbase Pro, Cryptopia, Trade By Trade, Covesting, CoinsBank, Bitinka, BitForex, B2BX, Bitstamp, Tidex, OKEx, Coinhub, Fatbtc, BitMart, Vebitcoin, Bittrex, UEX, DigiFinex and Kucoin. Investors seeking to acquire Bitcoin using US dollars directly can do so using GDAX, Changelly or Coinbase.
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