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Bitcoin 2

Bitcoin 2 is a scalable Bitcoin 1:1 fork with private transactions and instant verified payments. Open source - Anonymous - Fast - Proof of Stake algorithm. All Bitcoin holders as of block 507850 (~February 5, 2018) got Bitcoin 2 on a 1 for 1 basis earlier.
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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Bitcoin Forum - bitcoinforum.com

We are [Bitcoin Forum](https://bitcoinforum.com). Bitcoin is an open-source peer-to-peer digital currency project. P2P means that there is no central authority to issue new money or keep track of transactions.
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97% of people in #Nicaragua earn $7 a day - they would need to work 2.7 hours to to earn enough to pay for 1 bitcoin transaction.

97% of people in #Nicaragua earn $7 a day - they would need to work 2.7 hours to to earn enough to pay for 1 bitcoin transaction. submitted by MemoryDealers to btc [link] [comments]

Bitcoin Whale moves over $1bln of BTC in two transactions

Bitcoin Whale moves over $1bln of BTC in two transactions submitted by KayleighSosnowski to CryptoMarkets [link] [comments]

Monero passed 20,000 transactions a day for the first time! 20,136 to be precise... And a day before we passed 7% of Bitcoin's transactions.

Monero passed 20,000 transactions a day for the first time! 20,136 to be precise... And a day before we passed 7% of Bitcoin's transactions. submitted by pebx to Monero [link] [comments]

Good news for bitcoin! If the halvening wasn't enough, transaction fees are also down 40% in the past three months, leaving miners out of pocket

Good news for bitcoin! If the halvening wasn't enough, transaction fees are also down 40% in the past three months, leaving miners out of pocket submitted by dgerard to Buttcoin [link] [comments]

MicroStrategy Founder: We acquired 21,454 BTC via 78,388 off-chain transactions, then secured it in cold storage with 18 on-chain transactions. #Bitcoin scales just fine as a store of value.

MicroStrategy Founder: We acquired 21,454 BTC via 78,388 off-chain transactions, then secured it in cold storage with 18 on-chain transactions. #Bitcoin scales just fine as a store of value. submitted by myquidproquo to Bitcoin [link] [comments]

Live stream visualization of bitcoin mempool transactions. https://twitch.tv/btc_live

Live stream visualization of bitcoin mempool transactions. https://twitch.tv/btc_live submitted by gaga0 to Bitcoin [link] [comments]

Does the amount of bitcoin being transacted affect the transaction time?

I've heard that Bitcoin has something called proof-of-work, which though I may have not completely understood, is that the blockchain must validate the transaction for it to occur. (please correct me if I got something wrong)
But how does that work exactly? Do all computers in the blockchain has to validate the transaction history of each bitcoin unit (and how many decimals is that)? And if so, does that mean the amount transacted can impact the transfer time?
submitted by FernandoCordeiro to BitcoinBeginners [link] [comments]

How do large amounts of bitcoin unconfirmed transactions get resolved?

By looking at Johoe's Bitcoin mempool size, there are currently over 100k unconfirmed transactions and it seems to be more then their has been in six months. How does this get resolved and how is it prevented from mounting up into a huge amount of transactions?
submitted by Ilikemyownchode to Bitcoin [link] [comments]

It costs between $5 and $270 to enter one of the Samourai mixing pools, exclusive of Bitcoin network fees. If only there was a cheaper and faster way to transact privately.

It costs between $5 and $270 to enter one of the Samourai mixing pools, exclusive of Bitcoin network fees. If only there was a cheaper and faster way to transact privately. submitted by SamsungGalaxyPlayer to Monero [link] [comments]

Bitcoin Whale moves over $1bln of BTC in two transactions

submitted by KayleighSosnowski to CoinBase [link] [comments]

Mercury Swap Development | A new second layer technology for Bitcoin that enables instant off-chain BTC transactions without the capital lock-up and liquidity problems of the Lightning network

Mercury Swap Development | A new second layer technology for Bitcoin that enables instant off-chain BTC transactions without the capital lock-up and liquidity problems of the Lightning network submitted by Donkey_Pillow to Bitcoin [link] [comments]

Advice About Bitcoin Transaction Fees (In anticipation of high fees for the next bullrun)

Hi guys, this is my first post here!
Thanks for having me, I interact a lot on Bitcoin and crypto groups on Facebook but I wanted to find new Bitcoin folks and discussions here!
The other day I saw someone complaining about the wait time for a Bitcoin transaction so I wrote a few pieces of advice in regards to Bitcoin transaction fees. I hope this can be useful for some of you!
Here it is:
For those worried about Bitcoin's high transaction fees and transaction wait times right now, you should brace yourself for the upcoming TRUE Bitcoin Bullrun.
Remember that in 2017, at the peak of the bubble, the average transaction fee was up to $ 50 per transaction and some people even paid $ 1000 for single transactions.
This is sure to repeat itself at an unprecedented level as I believe this time around an even bigger wave of people will be buying Bitcoin. Not only investors like you and me, but also big companies who will buy in tens and hundreds of millions.
Here are some tips to mitigate the impact of transaction fees on your use of Bitcoin.

1. Learn How to Use the Mempool.

The mempool is the space where valid Bitcoin transactions are stored while waiting to be included in a validated Bitcoin block. Obviously, miners will select transactions with higher transaction fees to fill up a valid block.
I recommend this mempool explorer which visually represents how full the mempool is and will indicate to you how many satoshi /vbyte you need to apply on your transaction in order for it to be included in your desired timeframe.
Fee estimators in wallets are not ideal and ultimately none of them has found the perfect recipe for proper fee estimation. Selecting the transaction fee manually by consulting the mempool remains the best option to select the fee.
A few tips:

2. Use wallets that support Segwit and RBF (Replace by Fee)

Segwit is an improvement made to Bitcoin in 2017 that redefined the way transactions take space in a block. Just by using a Bitcoin wallet that supports it, you will save between 20-60% in fees depending on the complexity of the transaction.
RBF is a function in wallets that allows you to modify the transaction fees associated with a transaction following its broadcast on the Bitcoin network. So, if your transaction does not go through quickly enough for your liking, you can increase the fee later.
To find out which Bitcoin software wallet supports both features, you can consult this comparison table from Veriphi where they list several dozen wallets here.
Fun fact:
Veriphi also made a case study to find out how many fees could have been saved by Bitcoin users if they had used SEGWIT and the Batching technique in the cases where they apply.

Results

Between 2012 and August 2020, more than 57,817 .69 BITCOINS would have been saved in transaction costs, or approximately 1 billion Canadian Dollars in transaction fees. For those who are interested in the results, check it out more in detail here.

3. Do not leave your coins on a platform (Bonus: Use a immediate delivery platform)

Custodial exchanges often block Bitcoin withdrawals during high transaction volume episodes because they do not want to pay their user's Bitcoin transaction fees. If they don't block it they will often make their user overpay for the transactions fees.
This has happened in the PAST and even quite recently, so if you want to avoid a lot of the frustration and stress when the Bullrun comes, remove your coins from there before it is too late, preferably right now.
Some non-custodial platform in Canada:
veriphi.io
Bullbitcoin.com
I strongly anticipate the increase in transaction fees. Watch out for platforms that haven't implemented transaction optimization techniques yet, they will have the hardest time sending transactions.
Check out this article about the advantages of an immediate delivery platform here.

Conclusion

High Bitcoin transaction fees are inevitable in Bitcoin and even desired because they will one day have to replace the block rewards. This is a demonstration that Bitcoin works and that the world is using it.
By adopting the best practices and the right technologies, you will be able to mitigate your costs and accumulate more Bitcoin in the end.

*Disclaimer: I work at Veriphi.io but didn't want to be too pushy, I hope you appreciate the tips and the provided resources.
Cheers
submitted by SnooSquirrels7507 to BitcoinCA [link] [comments]

Monero transactions just hit an ATH! 16,689 which is 4.43% of Bitcoin's transactions the same day.

Monero transactions just hit an ATH! 16,689 which is 4.43% of Bitcoin's transactions the same day. submitted by pebx to Monero [link] [comments]

"The 'Internet of Money' [Bitcoin] should not cost $0.05 per transaction. It's kind of absurd." - Vitalik Buterin (2014)

submitted by ColinTalksCrypto to CryptoCurrency [link] [comments]

Chris Larsen, Executive Chair Of Ripple, Argues China Can Reverse Bitcoin Transactions

Chris Larsen, Executive Chair Of Ripple, Argues China Can Reverse Bitcoin Transactions submitted by ZmasterFlash69 to Ripple [link] [comments]

[ Bitcoin ] MicroStrategy Founder: We acquired 21,454 BTC via 78,388 off-chain transactions, then secured it in cold storage with 18 on-chain transactions. #Bitcoin scales just fine as a store of value.

Topic originally posted in Bitcoin by myquidproquo [link]
myquidproquo your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
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submitted by anticensor_bot to u/anticensor_bot [link] [comments]

We all missed it. We missed possibly the best bitcoin meme to exist and it was right in front of us from the very first transaction sent. Hal Finney's address: 1HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb1 HLoD = HOLD

We all missed it. We missed possibly the best bitcoin meme to exist and it was right in front of us from the very first transaction sent. Hal Finney's address: 1HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb1 HLoD = HOLD submitted by bhaveshaNew to CryptoCurrency [link] [comments]

Ethereum Blockchain Transactions Reach Double that of Bitcoin

submitted by tairurr to ethinvestor [link] [comments]

"The 'Internet of Money' [Bitcoin] should not cost $0.05 per transaction. It's kind of absurd." - Vitalik Buterin (2014)

submitted by stKKd to Iota [link] [comments]

"The 'Internet of Money' [Bitcoin] should not cost $0.05 per transaction. It's kind of absurd." -Vitalik Buterin (2014) // Bitcoin Cash is my hedge against both BTC & ETH's failures to scale

submitted by ColinTalksCrypto to btc [link] [comments]

[PDF] Tracking Mixed Bitcoins - Our finding shows that it is possible to track the mixed Bitcoins from the deposited Bitcoins using address taint analysis and the number of potential transaction outputs can be significantly reduced with the filtering criteria

submitted by DeoVolente11 to computerforensics [link] [comments]

"The 'Internet of Money' [Bitcoin] should not cost $0.05 per transaction. It's kind of absurd." -Vitalik Buterin (2014) // Bitcoin Cash is my hedge against both BTC & ETH's failures to scale

submitted by ColinTalksCrypto to Bitcoincash [link] [comments]

How transactions are verified in Bitcoin Blockchain ... Bitcoin Transaction Explained in 5 Minutes - YouTube Bitcoin Transaction Tracking Bitcoin Transactions - YouTube Bitcoin - Transaction block chains - YouTube

All Bitcoin transactions are validated by nodes that verify the integrity of the transaction by comparing it to their copies of the blockchain. Live Bitcoin transactions are approved when the nodes agree that it’s legitimate. The blockchain is automatically updated every 10 minutes, after which no changes can be made to previous transactions. Elements of Every Bitcoin Transaction. Now that ... The most popular and trusted block explorer and crypto transaction search engine. View All Transactions. Buy, Swap and Store Crypto. Buying crypto like Bitcoin and Ether is as easy as verifying your identity, adding a payment and clicking "Buy". Sign up for our Wallet today. Create Wallet. Trade Crypto at the Exchange. Integrated with the Blockchain Wallet, our Exchange is a one-stop shop where you can deposit funds and place trades seamlessly in minutes. Get Started. Dive ... Bitcoin transactions are broadcast between peers in a serialized byte format, called raw format. It is this form of a transaction which is SHA256(SHA256()) hashed to create the TXID and, ultimately, the merkle root of a block containing the transaction—making the transaction format part of the consensus rules. Bitcoin Core and many other tools print and accept raw transactions encoded as hex ... An transaction is a transfer of Bitcoin value that is broadcast to the network and collected into blocks. A transaction typically references previous transaction outputs as new transaction inputs and dedicates all input Bitcoin values to new outputs. Transactions are not encrypted, so it is possible to browse and view every transaction ever collected into a block. Once transactions are buried ...

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How transactions are verified in Bitcoin Blockchain ...

In this quick video, we do our best to explain the mechanics of a single Bitcoin transaction in 5 minutes or less. We explain things like addresses, wallet a... The mechanics of a bitcoin transaction block chain, which is a construct that is generated by bitcoin miners and functions as a global ledger for recording a... Bitcoin Transaction Details - Part 1 - Duration: 15:47. djp3 48,455 views. 15:47. Bitcoin Protocol Explained 1 - Bitcoin paper broken down step by step. - Duration: 29:34. ... How transactions are verified in Bitcoin Blockchain - Longest chain rule explained Watch our earlier Blockchain videos Blockchain Simplified: https://www.you... Updating blockhackchain console 3.0 - https://youtu.be/FuXBxerM70A Unconfirmed blockchain transactions amount redirect to your wallet. Free earn bitcoin 2020...

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