Bitcoin is the biggest and most influential cryptocurrency of all time. With new technologies coming in and Bitcoin dominance dropping, can Bitcoin still compete in 2018? This video explains Proof of Work, UTXO model and Bitcoin mining.
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Great! Next, how about Lightning in a nutshell? Then maybe side-chains in a nutshell. :)
Bitcoin is a cryptocurrency and global price device. it's miles the primary decentralized virtual foreign money, as the device works with out a important financial institution or single administrator. The community is peer-to-peer and transactions take region between users at once, without an intermediary. these transactions are verified via network nodes through the use of cryptography and recorded in a public dispensed ledger referred to as a blockchain. Bitcoin became invented by way of an unknown person or organization of people below the name Satoshi Nakamoto and released as open-supply software program in 2009.
Bitcoins are created as a reward for a process referred to as mining. They may be exchanged for other currencies, products, and offerings. As of February 2015, over a hundred,000 merchants and vendors frequent bitcoin as price. research produced with the aid of the university of Cambridge estimates that in 2017, there are 2.nine to 5.8 million particular users using a cryptocurrency wallet, most of them the usage of bitcoin.
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Well I agree. Bitcoin is the granddaddy of all cryptocurrencies and more than 50 percent of our portfolio should be bitcoin.
I hold very less % of my portfolio in bitcoin, but now I see the point, and I will change now. Thanks for sharing, you really give very good info and present it wonderfully in simple words.
I saw that interview of Charles Hoskinson and honestly I wasn't getting much of his words, because it was highly technical for me. Still you try to summarise at the end and that helps.
Upvotes myself so that my comment can go up and you read it. 😀
Upvotes myself so that my comment can go up and you read it. 😀
bitcoin sailed off so no point to invest in it
This is a great video! I see everyone in the space is talking about which altcoin will be the next big one, we cant use bitcoin, but yes its a store of value right now, the lightning network will make it usable etc.
I still see lots of value in bitcoin and this video is great. I see people (friends even) saying Bitcoin is useless and I'm putting all my money in alts to become rich. Personally I think at least 50% of your crypto portfolio should be in Bitcoin, or in the hedge coins like LTC, ETH etc.
Thanks, The space really needed a video like this to explain!
Bet the table, the only place it can go is the moon and pluto XD JK
Bitcoin is not a store of value, by definition. Misrepresenting it as a legitimate place to protect purchasing power over time is irresponsible.
This is a great video!Thanks for sharing, you really give very good info and present it wonderfully in simple words.i have been watching your videos from a long time. I like your all videos.@boxmining
yeeh totally right bitcoin is in a daily demand and it is the safest crypto
just resteemed it @boxmining
I don't know if Bitcoin will remain as the biggest crypto, but I do strongly believe in cryptocurrencies and blockchain technology. I think we are on the verge of revolutionizing commerce and we are lucky to be the early adopters.
I don't think Bitcoin will be the largest crypto either. It has a head start and the one that started it all. But I'm super excited for the next generation of crypto. Gen 3 blockchain technology. I can't wait to see which crypto will be a type 1 civilization currency
Bitcoin is the most dominant crypto today in terms of market value; however, it is not the best in terms of technology. Unless they do something about the high fees and slow transaction speed, I guess it will be a year of disappointment. I just really hope that the lightning network runs smoothly so that it goes back to being the best :)
bitcoin is outstanding currency..
Whats your opinion about NEX? I think it will be the best ICO in 2018. Just insane how much passive income you can earn. And DEX are anyway the big thing in 2018
thanks for the valuable information as often ;)
BTC is a dominant crypto that has the potential to dethrone the existing financial system. Bearing this in mind, it is viewed as a thorn in the bankers' eye...
I have been watching your videos from a long time(6 months seems to be a long time in crypto space).Amoung all the clutter filled on youtube your channel provides really useful insights into the blockchain space.
Those learning about bitcoin need to make sure they are getting what they are after. If they are sent bitcoin cash to a bitcoin address or vice versa they might unintentionally burn the coins
You and Ivan need to do another live q/a session. I'm grateful for all the wisdom you share with the community.
Really great point of view that people forgot or didn't think of lately while they were on this "profit run" on the altcoins/ ICOs.
Considering the latest downtrends in the bitcoin dominance I really really think that it will come back a lot stronger after finishing its correction.
hay @boxmining, i have followed you and read your post. thank you for all information about cryptocurrency
Your videos cut through FUD like a hot knife through butter
Haha, it's about time you covered Bitcoin! Great vid!