Bitcoin (CURRENCY:BTC) traded down 3.9% against the dollar during the one day period ending at 21:00 PM Eastern on October 28th. In the last week, Bitcoin has traded up 12.6% against the dollar. One Bitcoin coin can now be purchased for $9,264.92 on cryptocurrency exchanges including OEX, Coinsquare, Fatbtc and Coinroom. Bitcoin has a total market capitalization of $166.94 billion and approximately $30.75 billion worth of Bitcoin was traded on exchanges in the last day.
Here’s how other cryptocurrencies have performed in the last day:
- Bitcoin Cash (BCH) traded up 0.2% against the dollar and now trades at $266.22 or 0.02875806 BTC.
- Steem (STEEM) traded up 3.2% against the dollar and now trades at $0.14 or 0.00001564 BTC.
- Unobtanium (UNO) traded down 0.2% against the dollar and now trades at $68.42 or 0.00739189 BTC.
- Namecoin (NMC) traded 5% lower against the dollar and now trades at $0.50 or 0.00005432 BTC.
- Counterparty (XCP) traded 13.4% higher against the dollar and now trades at $1.71 or 0.00018433 BTC.
- Color Platform (CLR) traded 4.8% lower against the dollar and now trades at $0.0226 or 0.00000244 BTC.
- PIXEL (PXL) traded down 1.9% against the dollar and now trades at $0.0193 or 0.00000208 BTC.
- Crown (CRW) traded down 12.1% against the dollar and now trades at $0.0435 or 0.00000470 BTC.
- Terracoin (TRC) traded down 7% against the dollar and now trades at $0.0372 or 0.00000402 BTC.
- CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.
Bitcoin (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 18,018,037 coins. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. Bitcoin’s official website is bitcoin.org. The Reddit community for Bitcoin is /r/bitcoin and the currency’s Github account can be viewed 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.”
Buying and Selling Bitcoin
Bitcoin can be bought or sold on these cryptocurrency exchanges: CoinEgg, BtcTrade.im, Coinhub, MBAex, BitMart, Coinbase Pro, Fatbtc, Bittrex, Allcoin, Zaif, BitMEX, BTCBOX, BitForex, Covesting, OOOBTC, Paribu, Exmo, QuadrigaCX, Coindeal, BTC-Alpha, Sistemkoin, bitFlyer, Coinone, LocalTrade, CoinsBank, DragonEX, CEX.IO, Bitfinex, Trade By Trade, IDAX, OKEx, Bithumb, Gemini, ZB.COM, Vebitcoin, TOPBTC, LATOKEN, Simex, Kryptono, C2CX, Bit-Z, Huobi, Cobinhood, Korbit, itBit, Iquant, YoBit, Bitsane, CoinTiger, Coinsuper, CoinBene, Negocie Coins, Mercatox, BitBay, Cryptopia, Upbit, OEX, CoinEx, Cryptonex, Livecoin, xBTCe, LakeBTC, GOPAX, Coinbe, Instant Bitex, Coinsquare, Kraken, Bitinka, Ovis, B2BX, Tidex, Kucoin, Bibox, DOBI trade, RightBTC, Coinroom, Poloniex, Bitlish, DigiFinex, BigONE, HitBTC, HADAX, Binance, CPDAX, LBank, BCEX, IDCM, UEX, Coincheck, Bitstamp, FCoin, ChaoEX, ABCC, Gate.io, EXX, Hotbit, BiteBTC, Liquid, Bitbank, InfinityCoin Exchange and Exrates. Investors seeking to trade Bitcoin using U.S. dollars directly can do so using Gemini, Changelly or GDAX.
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