Bitcoin (CURRENCY:BTC) traded down 0.2% against the US dollar during the 1-day period ending at 22:00 PM Eastern on October 21st. During the last seven days, Bitcoin has traded 1.8% lower against the US dollar. Bitcoin has a market cap of $147.97 billion and approximately $15.90 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can now be bought for $8,218.19 on popular cryptocurrency exchanges including Bibox, UEX, Coinone and Bitbank.
Here is how similar cryptocurrencies have performed during the last day:
- Bitcoin Cash (BCH) traded 3.2% higher against the dollar and now trades at $232.45 or 0.02829461 BTC.
- Steem (STEEM) traded down 1% against the dollar and now trades at $0.14 or 0.00001690 BTC.
- Unobtanium (UNO) traded down 17.6% against the dollar and now trades at $57.52 or 0.00700102 BTC.
- Namecoin (NMC) traded 1.9% lower against the dollar and now trades at $0.47 or 0.00005738 BTC.
- Counterparty (XCP) traded down 0.8% against the dollar and now trades at $1.56 or 0.00018930 BTC.
- Color Platform (CLR) traded down 1.6% against the dollar and now trades at $0.0299 or 0.00000363 BTC.
- Crown (CRW) traded down 1.7% against the dollar and now trades at $0.0481 or 0.00000585 BTC.
- PIXEL (PXL) traded 1.2% higher against the dollar and now trades at $0.0184 or 0.00000225 BTC.
- Terracoin (TRC) traded up 11.6% against the dollar and now trades at $0.0430 or 0.00000524 BTC.
- CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.
Bitcoin Coin Profile
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 purchased on the following cryptocurrency exchanges: UEX, OEX, CoinsBank, BitBay, Bibox, Huobi, FCoin, Bitfinex, Trade By Trade, Covesting, YoBit, Binance, Exrates, Korbit, Coinbe, OKEx, Livecoin, LakeBTC, Coinsquare, ABCC, B2BX, Upbit, Instant Bitex, Cobinhood, BitForex, Cryptonex, Sistemkoin, Simex, HADAX, BitMEX, IDAX, Kryptono, Poloniex, Paribu, LATOKEN, Bitlish, Bittrex, ChaoEX, Bitstamp, Coinhub, TOPBTC, Fatbtc, CPDAX, Coincheck, QuadrigaCX, C2CX, Coindeal, LocalTrade, Mercatox, Negocie Coins, Vebitcoin, Bitbank, BigONE, LBank, CoinBene, DigiFinex, Coinbase Pro, Tidex, Hotbit, BtcTrade.im, BitMart, MBAex, Coinroom, CEX.IO, bitFlyer, Exmo, Bit-Z, GOPAX, Kucoin, OOOBTC, Liquid, InfinityCoin Exchange, Kraken, xBTCe, Coinone, EXX, Gate.io, Zaif, BCEX, Coinsuper, ZB.COM, CoinTiger, DragonEX, RightBTC, itBit, Cryptopia, Bitsane, HitBTC, Bithumb, Ovis, Iquant, Bitinka, Gemini, CoinEx, Allcoin, BiteBTC, DOBI trade, BTCBOX, BTC-Alpha, CoinEgg and IDCM. Investors seeking to acquire Bitcoin using US dollars directly can do so using GDAX, Coinbase or Gemini.
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