Bitcoin (CURRENCY:BTC) traded down 6.5% against the US dollar during the 1 day period ending at 16:00 PM ET on May 16th. In the last seven days, Bitcoin has traded 7.9% lower against the US dollar. Bitcoin has a market capitalization of $130.66 billion and approximately $6.63 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be purchased for $7,663.18 on popular cryptocurrency exchanges including YoBit, Bit-Z, BTCC and CoinTiger.
Here is how related cryptocurrencies have performed in the last 24 hours:
- Bitcoin Cash (BCH) traded down 9.9% against the dollar and now trades at $1,045.15 or 0.13695300 BTC.
- Steem (STEEM) traded 7.4% lower against the dollar and now trades at $2.80 or 0.00036649 BTC.
- Counterparty (XCP) traded 10.8% lower against the dollar and now trades at $12.61 or 0.00165162 BTC.
- Namecoin (NMC) traded 10.4% lower against the dollar and now trades at $1.86 or 0.00024297 BTC.
- Unobtanium (UNO) traded 1.7% lower against the dollar and now trades at $126.08 or 0.01650880 BTC.
- Crown (CRW) traded down 8.9% against the dollar and now trades at $0.97 or 0.00012697 BTC.
- PACcoin ($PAC) traded down 14.4% against the dollar and now trades at $0.0038 or 0.00000050 BTC.
- ATBCoin (ATB) traded 4.6% lower against the dollar and now trades at $0.19 or 0.00002445 BTC.
- CHIPS (CHIPS) traded 7.1% lower against the dollar and now trades at $0.23 or 0.00003009 BTC.
- Terracoin (TRC) traded down 8.4% against the dollar and now trades at $0.13 or 0.00001715 BTC.
Bitcoin (CRYPTO:BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was January 3rd, 2009. Bitcoin’s total supply is 17,050,587 coins. Bitcoin’s official website is bitcoin.org. Bitcoin’s official message board is bitcointalk.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.
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: Coinroom, itBit, Gemini, Sistemkoin, Lbank, Bitinka, Livecoin, RightBTC, BitBay, BTCBOX, Iquant, CEX.IO, Tidex, Bittrex, Kucoin, Octaex, Exrates, Fatbtc, Bibox, BitForex, Neraex, OEX, Bitstamp, Cobinhood, ZB.COM, Huobi, Coinsuper, B2BX, Fisco, Quoine, TOPBTC, Kraken, CoinEgg, Gate.io, IDAX, Paribu, CoinBene, Upbit, Hotbit, xBTCe, GDAX, fex, Bit-Z, BtcTrade.im, Bithumb, YoBit, DragonEX, BitMEX, Omicrex, EXX, Trade By Trade, Luno, Exmo, Simex, Coinrail, bitFlyer, Coinone, HitBTC, BCEX, Bitbank, OOOBTC, Negocie Coins, Coinhub, Korbit, CoinEx Market, LakeBTC, OKEx, Zaif, Binance, Bitfinex, CoinTiger, OTCBTC, BTCC, Ethfinex, Poloniex, WEX, CoinsBank, GOPAX and C2CX. Investors seeking to acquire Bitcoin using US dollars directly can do so using Coinbase, Changelly or Gemini.
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