Introduction to bitcoin Part 1

in bitcoin •  7 years ago  (edited)

image

Hello people of steemit,

Today we are going to talk about the virtual currency called BITCOIN. So basically bitcoin is a virtual currency created by Satoshi Nakamoto in 2009 and to get this form of currency,you would have to mine for the bitcoins.

Then, in 2014, Ethereum was created by Vitalik Buterin and changed the game.
It quickly rose in popularity, becoming the 2nd most used cryptocurrency of the world.
Especially this year, during the ICO hype, Ethereum has experienced a big step towards mass adaption.

How to mine for bitcoins?

1-Purchase custom mining hardware.When Bitcoin first started, it was possible to mine using only your desktop's CPU and GPU. ...

2-Obtain a bitcoin wallet. ...

3-Secure your wallet. ...

4-Decide between joining a pool or going alone. ...

5-Download a mining program. ...

6-Run your miner. ...

7-Keep an eye on temperatures. ...

8-Check your profitability.

Good company to look into mining is...

A good company that i would recommend is Genesis Mining, It is super simple and Your mining rigs are already set up and running.Plus as soon as you’ve set-up your account you can start to earn your first coins from our bitcoin cloud mining service!

image

What is eBTC ?

eBTC is a cryptocurrency that was only launched this recently and It is an ERC20 tokenized copy of Bitcoin - mimicking Bitcoin's characteristics with its supply of 21 million tokens.
eBTC was airdropped just a few days ago at a price of $0.03 per token.

I believe that eBTC, with adoption, could be a real asset for Ethereum. It will not only boost Ethereum’s recognition in the crypto-currency community but also in the eyes of the public, while also providing a way to utilize Ethereum’s vast capabilities with a token which is representative of Bitcoin. (...) eBTC is a simple token with a simple goal. To complement and work in tandem with Bitcoin, providing a way to use a Bitcoin related asset within the Ethereum ecosystem.
-"Satoshi 21", creator EBTC."

image

Links

  1. https://www.genesis-mining.com
  2. https://www.bitcoin.com
  3. https://en.m.wikipedia.org/wiki/Bitcoin
  4. https://coinmarketcap.com/currencies/ebtc/
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!