Bitcoin (CURRENCY:BTC) traded up 1.5% against the U.S.dollar during the twenty-four hour period ending at 12:00 PM ET on January 24th.One Bitcoin coin can currently be purchased for about $8,495.63 on major cryptocurrency exchanges including Poloniex, Tidex, Bitsane and CoinEx.Bitcoin has a market cap of $154.44 billion and approximately $24.86 billion worth of Bitcoin was traded on exchanges in the last 24 hours.During the last week, Bitcoin has traded down 4.3% against the U.S.
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Here is how related cryptocurrencies have performed during the last 24 hours: Get Bitcoin alerts: Bitcoin Cash (BCH) traded down 3.5% against the dollar and now trades at $322.70 or 0.03795899 BTC.Steem (STEEM) traded up 2.7% against the dollar and now trades at $0.16 or 0.00001915 BTC.Unobtanium (UNO) traded down 8.3% against the dollar and now trades at $59.79 or 0.00705475 BTC.
Namecoin (NMC) traded up 1.5% against the dollar and now trades at $0.51 or 0.00006047 BTC.Counterparty (XCP) traded up 12.4% against the dollar and now trades at $1.39 or 0.00016381 BTC.
Color Platform (CLR) traded up 0.4% against the dollar and now trades at $0.0111 or 0.131 BTC.
Crown (CRW) traded 14.8% higher against the dollar and now trades at $0.0582 or 0.687 BTC.Terracoin (TRC) traded 7.7% higher against the dollar and now trades at $0.0361 or 0.426 BTC.
PIXEL (PXL) traded 0.3% higher against the dollar and now trades at $0.0178 or 0.210 BTC.CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.392 BTC.
Bitcoin Profile
Bitcoin (CRYPTO: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 18,179,237 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 these cryptocurrency exchanges: UEX, Hotbit, BCEX, Paribu, Cryptonex, Bitinka, Kryptono, Fatbtc, QuadrigaCX, BitForex, Ovis, OKEx, Sistemkoin, Coinone, MBAex, Coinsuper, BiteBTC, ABCC, Exmo, LocalTrade, CoinTiger, Tidex, Bitbank, Simex, Coinbe, Coinroom, Bitsane, Korbit, Upbit, YoBit, Liquid, GOPAX, BitMart, CoinsBank, Kraken, Bitfinex, Coindeal, B2BX, CEX.IO, ZB.COM, Kucoin, Livecoin, HitBTC, Cryptopia, CoinBene, BTC-Alpha, CoinEx, Coinsquare, Negocie Coins, itBit, IDAX, OEX, BitMEX, Vebitcoin, EXX, Zaif, HADAX, DigiFinex, Bitstamp, FCoin, Trade By Trade, bitFlyer, LBank, BigONE, Coincheck, IDCM, Gemini, Huobi, CPDAX, CoinEgg, xBTCe, Iquant, DragonEX, DOBI trade, Allcoin, TOPBTC, Bitlish, Bittrex, LakeBTC, LATOKEN, Covesting, Coinhub, Bit-Z, C2CX, Bithumb, BtcTrade.im, Exrates, BTCBOX, Gate.io, Mercatox, ChaoEX, Binance, BitBay, InfinityCoin Exchange, Coinbase Pro, Bibox, OOOBTC, RightBTC, Poloniex, Cobinhood and Instant Bitex.Investors seeking to trade Bitcoin using US dollars directly can do so using Coinbase , GDAX or Gemini.Receive News & Updates for Bitcoin updates for Bitcoin and related cryptocurrencies CryptoBeat newsletter .«.