Bitcoin (CURRENCY:BTC) traded 1.3% lower against the US dollar during the twenty-four hour period ending at 22:00 PM E.T. on August 17th. Bitcoin has a market capitalization of $182.53 billion and approximately $13.18 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can currently be bought for $10,207.40 on popular cryptocurrency exchanges including Coinbase Pro, ABCC, Kryptono and DigiFinex. In the last seven days, Bitcoin has traded down 10.3% against the US dollar.
Here is how related cryptocurrencies have performed in the last 24 hours:
- Bitcoin Cash (BCH) traded 1.1% lower against the dollar and now trades at $306.34 or 0.03002374 BTC.
- Steem (STEEM) traded up 0.8% against the dollar and now trades at $0.17 or 0.00001673 BTC.
- Unobtanium (UNO) traded 4.9% lower against the dollar and now trades at $74.12 or 0.00726457 BTC.
- Namecoin (NMC) traded up 1% against the dollar and now trades at $0.74 or 0.00007297 BTC.
- Counterparty (XCP) traded down 0.7% against the dollar and now trades at $1.98 or 0.00019438 BTC.
- Crown (CRW) traded up 0.5% against the dollar and now trades at $0.0632 or 0.00000619 BTC.
- Terracoin (TRC) traded 4.3% lower against the dollar and now trades at $0.0325 or 0.00000318 BTC.
- PIXEL (PXL) traded 9.6% lower against the dollar and now trades at $0.0090 or 0.00000088 BTC.
- CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.
- Zetacoin (ZET) traded down 4.9% against the dollar and now trades at $0.0017 or 0.00000017 BTC.
Bitcoin Coin Profile
Bitcoin (CRYPTO:BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was January 3rd, 2009. Bitcoin’s total supply is 17,882,387 coins. The official website for Bitcoin is bitcoin.org. The Reddit community for Bitcoin is /r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. Bitcoin’s official message board is bitcointalk.org.
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.”
Bitcoin Coin Trading
Bitcoin can be traded on the following cryptocurrency exchanges: Cryptonex, Kraken, GOPAX, BigONE, itBit, MBAex, Bitlish, OKEx, BTC-Alpha, Cobinhood, Kucoin, ZB.COM, Zaif, BCEX, Bitbank, CoinEgg, Paribu, OOOBTC, Instant Bitex, Gate.io, FCoin, CoinEx, EXX, Liquid, Coinroom, Allcoin, Bithumb, Tidex, Trade By Trade, Bitinka, Simex, C2CX, ABCC, bitFlyer, Hotbit, Bitfinex, RightBTC, HitBTC, Negocie Coins, BTCBOX, Iquant, Kryptono, Upbit, CoinBene, Exrates, Coinhub, DragonEX, BitBay, xBTCe, Poloniex, IDCM, IDAX, Livecoin, UEX, Coinsuper, QuadrigaCX, Ovis, Korbit, CoinTiger, LakeBTC, DigiFinex, BitForex, Coincheck, BtcTrade.im, ChaoEX, Bibox, CEX.IO, Coindeal, OEX, Fatbtc, B2BX, Bittrex, HADAX, Bit-Z, CPDAX, Gemini, LocalTrade, DOBI trade, InfinityCoin Exchange, Vebitcoin, BitMEX, YoBit, Binance, BitMart, Coinbase Pro, CoinsBank, Huobi, Bitstamp, Sistemkoin, LATOKEN, Exmo, Bitsane, Covesting, Coinbe, LBank, BiteBTC, Coinsquare, Mercatox, Coinone, TOPBTC and Cryptopia. Investors seeking to trade Bitcoin using U.S. dollars directly can do so using GDAX, Gemini or Changelly.
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