Bitcoin (CURRENCY:BTC) traded down 0.9% against the U.S. dollar during the twenty-four hour period ending at 20:00 PM Eastern on February 26th. Over the last seven days, Bitcoin has traded 2.8% lower against the U.S. dollar. Bitcoin has a market capitalization of $67.50 billion and $7.74 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be purchased for $3,843.80 on exchanges including Covesting, CPDAX, Coinsquare and BitMart.
Here’s how other cryptocurrencies have performed over the last 24 hours:
- Bitcoin Cash (BCH) traded down 3.1% against the dollar and now trades at $133.19 or 0.03465840 BTC.
- Steem (STEEM) traded up 2.6% against the dollar and now trades at $0.34 or 0.00008949 BTC.
- Unobtanium (UNO) traded down 0.9% against the dollar and now trades at $99.96 or 0.02601646 BTC.
- Namecoin (NMC) traded 1.8% higher against the dollar and now trades at $0.59 or 0.00015242 BTC.
- Counterparty (XCP) traded down 0.9% against the dollar and now trades at $1.76 or 0.00045887 BTC.
- Crown (CRW) traded down 4.2% against the dollar and now trades at $0.11 or 0.00002748 BTC.
- CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0377 or 0.00000971 BTC.
- Terracoin (TRC) traded down 7.9% against the dollar and now trades at $0.0193 or 0.00000502 BTC.
- ATBCoin (ATB) traded up 4.6% against the dollar and now trades at $0.0098 or 0.00000256 BTC.
- Zetacoin (ZET) traded up 0.3% against the dollar and now trades at $0.0017 or 0.00000044 BTC.
Bitcoin 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 17,560,250 coins. Bitcoin’s official message board is bitcointalk.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 website for Bitcoin is bitcoin.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: Kryptono, B2BX, Bitbank, Iquant, Liquid, Cryptonex, OEX, Coinsquare, xBTCe, Coinone, Coinbase Pro, Gemini, Exrates, BtcTrade.im, Paribu, ZB.COM, BiteBTC, Livecoin, MBAex, Bitsane, Instant Bitex, Fatbtc, Coincheck, DragonEX, Hotbit, Coinhub, Bitstamp, Upbit, Vebitcoin, BTCBOX, BitMEX, Covesting, LocalTrade, HitBTC, BitBay, OOOBTC, Cryptopia, Exmo, CoinsBank, Huobi, CoinEgg, DigiFinex, LATOKEN, Bibox, FCoin, QuadrigaCX, YoBit, TOPBTC, InfinityCoin Exchange, Binance, Coinroom, Mercatox, Trade By Trade, Cobinhood, UEX, Bit-Z, Bitinka, Korbit, ChaoEX, Coinsuper, bitFlyer, GOPAX, IDCM, Gate.io, LBank, RightBTC, Tidex, LakeBTC, ABCC, Ovis, Negocie Coins, CPDAX, Coindeal, CEX.IO, BitMart, OKEx, Sistemkoin, Coinbe, Poloniex, Bitlish, Kraken, Zaif, BigONE, BCEX, Bitfinex, HADAX, BitForex, Simex, CoinEx, CoinTiger, Kucoin, DOBI trade, C2CX, Bithumb, Bittrex, CoinBene, Allcoin, EXX, BTC-Alpha, IDAX and itBit. Investors seeking to trade Bitcoin using U.S. dollars directly can do so using Coinbase, Changelly or GDAX.
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