Bitcoin (CURRENCY:BTC) traded 0.5% higher against the US dollar during the 24-hour period ending at 0:00 AM E.T. on January 11th. One Bitcoin coin can currently be purchased for $3,687.65 on major exchanges including Gemini, Upbit, CoinEgg and Paribu. Bitcoin has a total market cap of $64.45 billion and $5.29 billion worth of Bitcoin was traded on exchanges in the last day. Over the last seven days, Bitcoin has traded down 4.9% against the US dollar.
Here is how related cryptocurrencies have performed over the last day:
- Bitcoin Cash (BCH) traded up 4.6% against the dollar and now trades at $137.38 or 0.03732576 BTC.
- Steem (STEEM) traded 0.1% higher against the dollar and now trades at $0.26 or 0.00007119 BTC.
- Unobtanium (UNO) traded up 1.6% against the dollar and now trades at $83.72 or 0.02274536 BTC.
- Namecoin (NMC) traded up 2.6% against the dollar and now trades at $0.72 or 0.00019495 BTC.
- Counterparty (XCP) traded down 2.6% against the dollar and now trades at $1.98 or 0.00053873 BTC.
- Crown (CRW) traded down 3.2% against the dollar and now trades at $0.12 or 0.00003200 BTC.
- CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0628 or 0.00001550 BTC.
- Terracoin (TRC) traded down 1.1% against the dollar and now trades at $0.0191 or 0.00000520 BTC.
- ATBCoin (ATB) traded 0.3% higher against the dollar and now trades at $0.0091 or 0.00000247 BTC.
- UnbreakableCoin (UNB) traded flat against the dollar and now trades at $0.11 or 0.00001757 BTC.
BTC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on January 3rd, 2009. Bitcoin’s total supply is 17,477,212 coins. The official website for Bitcoin is bitcoin.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The Reddit community for Bitcoin is /r/bitcoin and the currency’s Github account can be viewed here. The official message board for Bitcoin 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 bought or sold on the following cryptocurrency exchanges: BitBay, Trade By Trade, Bit-Z, HADAX, Gemini, Zaif, RightBTC, Cryptonex, GOPAX, Mercatox, Bitbank, ChaoEX, Liquid, BitMart, TOPBTC, Coinhub, BigONE, Coindeal, Coinroom, CPDAX, Bittrex, HitBTC, Bitfinex, InfinityCoin Exchange, Coinsquare, itBit, DOBI trade, IDCM, CEX.IO, YoBit, Allcoin, Bitinka, Poloniex, B2BX, Coinbase Pro, Paribu, QuadrigaCX, Bibox, Covesting, Cobinhood, C2CX, DigiFinex, CoinsBank, Coinbe, Bitsane, Fatbtc, CoinEgg, Bitstamp, BitForex, OEX, Exmo, LakeBTC, IDAX, OOOBTC, UEX, Bitlish, BiteBTC, Huobi, CoinTiger, Korbit, CoinBene, Sistemkoin, BitMEX, ABCC, CoinEx, Iquant, LBank, Kucoin, BTC-Alpha, MBAex, LocalTrade, LATOKEN, Upbit, Kraken, OKEx, BtcTrade.im, Simex, ZB.COM, Coinsuper, Vebitcoin, DragonEX, Negocie Coins, bitFlyer, Exrates, Bithumb, Ovis, xBTCe, Coinone, Livecoin, Hotbit, Cryptopia, Binance, Instant Bitex, Kryptono, EXX, BCEX, FCoin, BTCBOX, Coincheck, Tidex and Gate.io. Investors seeking to trade Bitcoin using US dollars directly can do so using Coinbase, Gemini or GDAX.
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