Bitcoin (CURRENCY:BTC) traded up 0.4% against the dollar during the twenty-four hour period ending at 21:00 PM ET on October 12th. One Bitcoin coin can now be bought for $6,283.61 on major exchanges including xBTCe, Bitbank, DOBI trade and Cryptonex. Bitcoin has a total market capitalization of $108.83 billion and $3.66 billion worth of Bitcoin was traded on exchanges in the last day. During the last seven days, Bitcoin has traded down 4.9% against the dollar.
Here is how similar cryptocurrencies have performed during the last day:
- Bitcoin Cash (BCH) traded up 3.3% against the dollar and now trades at $447.03 or 0.07132168 BTC.
- Steem (STEEM) traded up 8.3% against the dollar and now trades at $0.84 or 0.00013473 BTC.
- Namecoin (NMC) traded 39% higher against the dollar and now trades at $1.84 or 0.00029419 BTC.
- Unobtanium (UNO) traded 0.4% higher against the dollar and now trades at $60.42 or 0.00964011 BTC.
- Counterparty (XCP) traded 4.2% higher against the dollar and now trades at $2.82 or 0.00045125 BTC.
- Crown (CRW) traded up 2.3% against the dollar and now trades at $0.35 or 0.00005608 BTC.
- Terracoin (TRC) traded 7.5% higher against the dollar and now trades at $0.0637 or 0.00001020 BTC.
- CHIPS (CHIPS) traded up 0.4% against the dollar and now trades at $0.0455 or 0.00000726 BTC.
- ATBCoin (ATB) traded up 1.3% against the dollar and now trades at $0.0211 or 0.00000337 BTC.
- Zetacoin (ZET) traded 3.3% lower against the dollar and now trades at $0.0024 or 0.00000038 BTC.
Bitcoin Coin Profile
Bitcoin (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 17,319,112 coins. Bitcoin’s official website is bitcoin.org. The official message board for Bitcoin 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. “
Buying and Selling Bitcoin
Bitcoin can be traded on these cryptocurrency exchanges: Gemini, Binance, ZB.COM, BigONE, EXX, Gate.io, MBAex, UEX, Coinhub, Fatbtc, RightBTC, LakeBTC, ABCC, OKEx, Cobinhood, CoinBene, LBank, Coinsuper, Zaif, Kucoin, Bit-Z, OEX, CoinEx, Paribu, IDAX, BCEX, Huobi, DigiFinex, Kryptono, InfinityCoin Exchange, C2CX, BTCBOX, Bitsane, CEX.IO, LATOKEN, Coincheck, QuadrigaCX, Bitbank, Bitfinex, ChaoEX, Coinbe, xBTCe, Cryptonex, BitMart, Allcoin, Coinroom, Negocie Coins, Upbit, BtcTrade.im, TOPBTC, Sistemkoin, OOOBTC, Bibox, CPDAX, Kraken, HitBTC, DragonEX, Bitstamp, BitBay, HADAX, Mercatox, Tidex, BTC-Alpha, Bittrex, Simex, itBit, Poloniex, Trade By Trade, Bitinka, LocalTrade, BitForex, Livecoin, Instant Bitex, Bithumb, Coindeal, Cryptopia, Vebitcoin, IDCM, Coinsquare, CoinTiger, CoinsBank, FCoin, Bitlish, Ovis, DOBI trade, CoinEgg, Korbit, BitMEX, BiteBTC, Hotbit, YoBit, B2BX, bitFlyer, Exrates, Coinone, Coinbase Pro, Exmo, Iquant, Liquid and GOPAX. Investors seeking to trade Bitcoin using U.S. dollars directly can do so using Coinbase, Changelly or Gemini.
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