Bitcoin (CURRENCY:BTC) traded 0.3% higher against the US dollar during the twenty-four hour period ending at 10:00 AM E.T. on December 3rd. One Bitcoin coin can now be purchased for approximately $7,312.92 on exchanges including DigiFinex, Zaif, Iquant and Cryptonex. During the last seven days, Bitcoin has traded 1.9% higher against the US dollar. Bitcoin has a market cap of $132.22 billion and $15.22 billion worth of Bitcoin was traded on exchanges in the last 24 hours.
Here’s how other cryptocurrencies have performed during the last 24 hours:
- Bitcoin Cash (BCH) traded up 0% against the dollar and now trades at $214.02 or 0.02930941 BTC.
- Steem (STEEM) traded 4% lower against the dollar and now trades at $0.12 or 0.00001630 BTC.
- Unobtanium (UNO) traded 30.6% higher against the dollar and now trades at $50.83 or 0.00691203 BTC.
- Namecoin (NMC) traded down 1.5% against the dollar and now trades at $0.39 or 0.00005358 BTC.
- Counterparty (XCP) traded up 1.3% against the dollar and now trades at $1.49 or 0.00020286 BTC.
- Color Platform (CLR) traded up 1.1% against the dollar and now trades at $0.0120 or 0.00000163 BTC.
- Terracoin (TRC) traded up 4.6% against the dollar and now trades at $0.0605 or 0.00000822 BTC.
- Crown (CRW) traded down 0.9% against the dollar and now trades at $0.0389 or 0.00000530 BTC.
- PIXEL (PXL) traded down 7.1% against the dollar and now trades at $0.0154 or 0.00000210 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 launched on January 3rd, 2009. Bitcoin’s total supply is 18,080,725 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. 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 purchased on the following cryptocurrency exchanges: Sistemkoin, Coinbase Pro, Kryptono, xBTCe, BTC-Alpha, Coinroom, TOPBTC, HADAX, Zaif, CEX.IO, BitMEX, LBank, FCoin, ChaoEX, Coinhub, HitBTC, BitMart, Korbit, GOPAX, Iquant, QuadrigaCX, Ovis, Exmo, CoinBene, Coincheck, Simex, Mercatox, BCEX, InfinityCoin Exchange, LakeBTC, Upbit, Kucoin, BigONE, Coinbe, Hotbit, Gemini, IDAX, Vebitcoin, OEX, Bitfinex, Bitsane, Cobinhood, Bithumb, Coinsuper, LATOKEN, Cryptonex, Exrates, OOOBTC, BtcTrade.im, ABCC, Bit-Z, Gate.io, DragonEX, Bitinka, CPDAX, LocalTrade, BTCBOX, Cryptopia, RightBTC, Bitbank, OKEx, ZB.COM, DOBI trade, Coinsquare, Bittrex, Liquid, B2BX, CoinsBank, Livecoin, Poloniex, Fatbtc, BitBay, Bitstamp, Huobi, Binance, bitFlyer, Tidex, CoinTiger, CoinEgg, IDCM, Trade By Trade, EXX, Kraken, YoBit, MBAex, Allcoin, Coindeal, Bitlish, CoinEx, Covesting, BitForex, Bibox, Instant Bitex, itBit, Paribu, Negocie Coins, UEX, Coinone, DigiFinex, BiteBTC and C2CX. Investors seeking to acquire Bitcoin using US dollars directly can do so using GDAX, Gemini or Coinbase.
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