07 Mar '13, 2am

Suddenly, Everyone's Talking About Bitcoin...

Suddenly, Everyone's Talking About Bitcoin...

. Instead, bitcoin relies solely on its software and the peer-to-peer network it builds. To manage funds, it uses a transaction log distributed across its peer-to-peer computer network to record transactions , verify them and prevent double spending . The verification process awards effective bitcoin nodes or "bitcoin miners" with a limited release of bitcoins and transaction fees (if any). This process requires intense computing power , electricity and significant investment as it solves SHA256 hashes through bruteforce to verify transactions and add them to the network's transaction log.

Full article: http://www.businessinsider.com/what-is-bitcoin-2013-3

Tweets

@maxkeiser on "Breaking The Set" talking about ...

youtube.com 07 Mar '13, 1pm

Close Your browser is not supported by YouTube and it needs to be updated. Learn more . Max Keiser on bitcoin and Ponzi Fi...

ANALYST: Bitcoin Took A Key Step Towards Going ...

businessinsider.com 06 Mar '13, 4pm

TOKYO, JAPAN - February 28, 2013 Dear customers, Mt. Gox, the owner of the world’s dominant Bitcoin exchange, announced to...

BitInstant back online following breach, Bitcoin theft

BitInstant back online following breach, Bitcoi...

net-security.org 06 Mar '13, 6pm

BitInstant, one of the online Bitcoin exchange services, has been down and unaccessible from Thursday evening to Monday du...

Could Bitcoin Be More Than A Digital Currency?

psfk.com 06 Mar '13, 12pm

This article titled “Bitcoin: more than just the currency of digital vice” was written by Arwa Mahdawi, for guardian.co.uk...

Namecheap Latest to Accept Bitcoin #bitcoin

Namecheap Latest to Accept Bitcoin #bitcoin

bitcoinmagazine.com 05 Mar '13, 11pm

Just like WordPress, Namecheap’s reasons for accepting Bitcoin are primarily political in nature. As Namecheap community m...

Boycott Bitcoin!

Boycott Bitcoin!

dailyreckoning.com 04 Mar '13, 2pm

Of course, as we all know, the Bitcoin crowd is really just a of cabal of dissidents, brimming with lunatics who would tru...

.@adamdraper "I believe that this movement will spur not only the iTunes of Bitcoin, but an entire economy of ideas."

.@adamdraper "I believe that this movement will...

adamdraper.com 04 Mar '13, 9pm

I am excited about Bitcoin. It’s exciting to watch a global digital currency get traction. If you wish to learn more about...

Boycott Bitcoin! #bitcoin

dailyreckoning.com.au 04 Mar '13, 6am

Comment by slewie the pi-rat on 5 March 2013 : very thought-provoking. but, i don't even understand the US laws about mone...

Bitcoin just went Social join us @ Bitcoin Soci...

bitcoinsocially.com 04 Mar '13, 3am

Bitcoin Socially helps you connect and share with other people using Bitcoin.

BitCoin: The Currency Of The Future?

BitCoin: The Currency Of The Future?

techweekeurope.co.uk 04 Mar '13, 3pm

This week, BitCoin (BTC), the virtual cryptocurrency that is not supported by any national bank or government, reached an ...

Bitcoin: be your own bank

vrijspreker.nl 03 Mar '13, 12pm

Een betaling versturen en ontvangen gaat met behulp van een bitcoinadres via het Bitcoin-netwerk. Dit is een peer-to-peer-...

probably

probably

bestoked.blogspot.com 03 Mar '13, 5am

Bitcoin is something you should learn about. Think it's just for nerds? Keep in mind, nerds created that thing called Face...

Bitcoin Search Trend Hits 19-Month High #bitcoin

Bitcoin Search Trend Hits 19-Month High #bitcoin

thebitcointrader.com 03 Mar '13, 2pm

The recent BTCUSD exchange rate increase has left many wondering how much of it is just speculation based on all the recen...

Good or bad news for Bitcoin?

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After hitting bottom at $1.994 in November [2011], however, Bitcoin simply refused to die. The price bounced back to a hig...

What is Bitcoin? - We Use Coins via @sharethis

weusecoins.com 02 Mar '13, 10am

Twitter News more... Get Started » Learn more » Secure Strong cryptography Bitcoin verifies transactions with the same sta...