Bitcoin (CURRENCY:BTC) traded 0.1% higher against the U.S. dollar during the 1 day period ending at 21:00 PM E.T. on January 4th. Bitcoin has a total market cap of $64.39 billion and $5.38 billion worth of Bitcoin was traded on exchanges in the last day. During the last seven days, Bitcoin has traded 4.8% lower against the U.S. dollar. One Bitcoin coin can currently be bought for approximately $3,684.49 on exchanges including Fatbtc, Coinbase Pro, Ovis and Bithumb.
Here is how similar cryptocurrencies have performed during the last day:
- Bitcoin Cash (BCH) traded up 2% against the dollar and now trades at $135.87 or 0.03697424 BTC.
- Steem (STEEM) traded down 0.4% against the dollar and now trades at $0.26 or 0.00007129 BTC.
- Unobtanium (UNO) traded up 1.3% against the dollar and now trades at $83.55 or 0.02273779 BTC.
- Namecoin (NMC) traded up 5.6% against the dollar and now trades at $0.72 or 0.00019648 BTC.
- Counterparty (XCP) traded down 3.9% against the dollar and now trades at $2.01 or 0.00054657 BTC.
- Crown (CRW) traded 3.4% lower against the dollar and now trades at $0.12 or 0.00003223 BTC.
- CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0628 or 0.00001550 BTC.
- Terracoin (TRC) traded 1.4% lower against the dollar and now trades at $0.0191 or 0.00000520 BTC.
- ATBCoin (ATB) traded 0.2% lower against the dollar and now trades at $0.0090 or 0.00000246 BTC.
- UnbreakableCoin (UNB) traded flat against the dollar and now trades at $0.11 or 0.00001757 BTC.
Bitcoin Coin Profile
Bitcoin (CRYPTO:BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was January 3rd, 2009. Bitcoin’s total supply is 17,477,037 coins. Bitcoin’s official website 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.”
Buying and Selling Bitcoin
Bitcoin can be bought or sold on the following cryptocurrency exchanges: Bitinka, Upbit, Cobinhood, LATOKEN, Instant Bitex, Bit-Z, Bitsane, Covesting, LBank, Cryptonex, Bitlish, CPDAX, Coinroom, Coincheck, CoinsBank, C2CX, CoinEgg, BigONE, Exmo, Huobi, Coinsuper, IDCM, HitBTC, DOBI trade, BitMart, Fatbtc, CoinEx, Bitfinex, Tidex, Hotbit, Negocie Coins, Poloniex, CEX.IO, TOPBTC, Coinhub, BiteBTC, DragonEX, BCEX, Allcoin, BTC-Alpha, Bitstamp, Ovis, DigiFinex, HADAX, BitMEX, Cryptopia, Coinbase Pro, Coindeal, Korbit, Kryptono, Coinbe, Bibox, Kraken, Sistemkoin, ChaoEX, EXX, Exrates, Paribu, itBit, QuadrigaCX, CoinTiger, Coinone, Zaif, Bithumb, Coinsquare, Binance, Mercatox, RightBTC, ZB.COM, Bittrex, Gate.io, UEX, OEX, Gemini, CoinBene, InfinityCoin Exchange, bitFlyer, Simex, OKEx, Kucoin, Bitbank, FCoin, Iquant, BtcTrade.im, MBAex, Vebitcoin, xBTCe, GOPAX, BTCBOX, BitForex, YoBit, OOOBTC, B2BX, BitBay, Trade By Trade, Livecoin, ABCC, IDAX, LakeBTC, Liquid and LocalTrade. Investors seeking to trade Bitcoin using U.S. dollars directly can do so using Gemini, Changelly or GDAX.
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