Wu Xiaoling highlighted the benefits of the Bitcoin network and highlighted some of the weaknesses it faces nowadays.
Bitcoin (BTC) is known as the first open-source, peer-to-peer, digital cryptocurrency that was developed and released by a group of unknown independent programmers named Satoshi Nakamoto in 2008. Cryptocoin doesn’t have any centralized server used for its issuing, transactions and storing, as it uses a distributed network public database technology named blockchain, which requires an electronic signature and is supported by a proof-of-work protocol to provide the security and legitimacy of money transactions. The issuing of Bitcoin is done by users with mining capabilities and is limited to 21 million coins. Currently, Bitcoin’s market cap surpasses $138 billion and this is the most popular kind of digital currency. Buying and selling cryptocurrency is available through special Bitcoin exchange platforms or ATMs.
22% of crypto fund manager Grayscale Investments’ purchases have been Ether throughout 2020 so far, totaling $110 million worth of accumulation.8623
Many cryptocurrencies are showing strength by hovering close to their recent highs even as gold is selling off.4561
Charles Hoskinson believes that this complex cryptographic technique could have helped avoid the Bitcoin Civil War that led to the formation of Bitcoin Cash.3228
Bitcoin may not break $10,000 for some time as several metrics point to possible pullbacks to under $9,000.10212
Although not designed as an investment vehicle, Bitcoin’s rise in value has made it the best currency investment you could have made in the last 1,200 years.4011
Cryptocurrency has become one of the easiest ways to donate to charity without the funds being funneled to third parties.2155
Difficulty is copying its $3,100 bear market behavior in a move that set the scene for a bull run to $14,000.20960
CME is gaining presence in Bitcoin options in a market still dominated by Deribit and exchanges, new data reveals.6428
Speaking to the Coinist Podcast on June 4, CEO Su Zhu said he believes the Bitcoin price pattern that we saw on June 1 is likely to repeat.5217
How likely is it that Bitcoin trading volumes will top $1 trillion a day by 2025?11052
Author Isaiah Jackson says Bitcoin can be an effective protest against financial institutions for those who can’t take to the streets.7280
Renowned researcher believes that Satoshi was altruistic and thus will never spend his 1.1 Bitcoins, making it the fairest asset.19324
COVID-19 pandemic seems to be one of the drivers behind the recent sharp increase in Bitcoin trading volume across Russia.6498
The advent of digital money will threaten the U.S. dollar’s global dominance, but it won’t be easy to dethrone the current global reserve currency.7243