Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
The crypto world has a very active crypto holiday calendar. Bitcoin, in particular, has been impressive over the years. Bitcoiners tend to celebrate most of the special days. Here are the holidays every bitcoiner must know.
You need to know how changes happen in the coin's network to understand Independence Day. The coin had issues on the transaction speeds for some time.
It completes around seven transactions per second. This is low compared to Visas 2000 transactions per second. These limits can reach 56,000 if needed.
There had been varying opinions on how to improve such speeds. One team believed the best way to increase rates is by increasing the block size. The other proposal was to increase the Bitcoin network without increasing the block size. Such differences have already seen the coin undergo a fork to form Bitcoin Cash. The Bitcoin Cash protocol is for those who believe in expanding the block size.
Bitcoin found a way to improve transactions through a segregated witness (segwit). Every Bitcoin transaction consists of a sender, receiver, and a signature (witness). Segwit improves transactions by separating the witness from transactions. Transactions still involve witnesses, but they don't get recorded as part of it.
Implementing the new development took quite a long time. It required a majority of the critical mass to agree to it. The same issues have arisen with other proposed implementations to the Bitcoin network. Some of these changes are the Segwit2x, BIP 148, and UASF.
Bitcoin Independence Day recognizes the coin's self-reliance. It emphasizes the uniqueness of the currency such that no single party controls it. Anything owned by a single entity is easy to effects changes. Bitcoin requires consensus before implementing a difference in the network.
Bitcoin also works such that only the strongest option wins the day. Bitcoin users tend to have differing opinions. Still, they can always get into constructive debates, and a sound one wins.
The Genesis day is all about looking into the milestones of Bitcoin. Bitcoin founder released the Genesis block on January 3rd, 2019. The block contains the first 50 BTC and cannot be spent by anyone. It is also known as "block zero."
The block had the intention of Bitcoin to liberate finances inscribed. It has texts appearing on January 3rd, 2009, in the UK Times Newspaper. The message is about Chancellor bailing reserve banks. It is more of depicting the failing reserve banks as Bitcoin seeks to take over.
Over the years, the Genesis block has experienced active interactions. Some users have added around 18.13BTC to the block. Several users also send messages to Satoshi through the blockchain addresses. Most of the letters are soliciting for Bitcoin.
Genesis Day looks into what the coin has achieved over the years. The coin has grown from a block to become a primary world currency. It is already accepted into the mainstream world and by several businesses. The reserve banks are also accepting Bitcoin as an asset. The coin still looks to improve even more in the future.
Bitcoin transactions have become familiar in the world. Several stores currently accept Bitcoin as a payment method.
Bitcoin Pizza Day, however, celebrates the first Bitcoin transaction. The transaction involved a user paying for pizza using the crypto coin. He bought two pizzas for 10000 BTC.
These are huge figures by the current Bitcoin's value. Putting it into context makes it appear as a landmark event. That first transaction was by a Florida man called Laszlo Hanyecz. He is one of the notable Bitcoin contributors.
He launched the use of GPUs to mine Bitcoin. The GPUs are faster and more efficient than CPUs. His invention kicked-off the race for looking for the most powerful mining tools.
Hanyecz however, is more famous for the first transaction. What raises eyebrows are the value of such transactions. Barely nine months after the purchase, Bitcoin grew level to the US dollar. It currently trades at around $11k. It means the two pizzas were purchased for more than 110,000,000 by current rates. Also, he went on to spend approximately 100,000 on pizza during the first months.
Most people would feel wrong about such. Hanyecz, however, has no regrets. He feels it was necessary, and Bitcoin was less valuable back then. The Bitcoin enthusiast holds this day dearly. They celebrate the day every year by eating pizzas.
This was the day when Satoshi released the Bitcoin whitepaper to the crypto mailing list. It marked the official introduction of the coin to the public.
A whitepaper is one of the most critical documents in the crypto world. It outlines everything the coin is all about. It is an essential educational tool for users to understand the currency.
Bitcoin's whitepaper contained information on transactions, proof-of-work, and the blockchain network. It also expanded on incentives, privacy, and calculations. It is the single most exhaustive document about Bitcoin.
It is not every day when a short story in a public forum becomes folklore. Still, this is the case of a user in the Bitcointalk forum. He was writing about the reasons for holding coins while others were selling on a bear-run.
The drunk user misspelt the heading when explaining how a bad trader he is. He also claimed only exceptional, or illusioned traders sell on a bear-run. Fast forward to today, it seems the user made the best decision. Every year on December 18th, the Bitcoin world celebrates him.
The crypto world has grown in the past few years. It has hit several milestones in the process.
These milestones come with several memorable days. The list gives you some of the holidays to mark such days.
MicroStrategy, the software and business intelligence firm, has once again made waves in the cryptocurrency market with its...
6 days ago | Kim Sorgson
Why 55,500 More Bitcoins?
6 days ago | Kim Sorgson
The U.S. election results have sparked a whirlwind of excitement in the cryptocurrency space. With Donald Trump’s unexpected...
6 days ago | Kim Sorgson
The Bitcoin Act of 2024: A Framework for the Reserve
6 days ago | Kim Sorgson
batholomew brown batholomew brown . I’m a bitcoin trader and the time I’m writing this blog I can’t find a single review about many bitcoin trading signal services and companies. I have lost lots of money testing them for over an year. I don’t want you to be scammed too. 4 years ago from Canada
0 Reply
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
Trending
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
BitEXC's Grand Launch in Vietnam: A New Era of Crypto Trading Revolution
4 days ago | Phillip Small
Is the U.S. Government's Bitcoin Sell-Off a Catastrophic Misstep?
4 days ago | Abraham Saynes
Today's Top Stock Movers: Winners, Losers, and What It Means for Investors
6 days ago | Kim Sorgson
MicroStrategy's $5.4 Billion Bitcoin Bet: What It Means for Investors and the Future of BTC (Updated 01.12.2024)
6 days ago | Kim Sorgson
Tezos (XTZ) Review 2024: Everything You Need to Know Before Buying Tezos
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; backgrou...
Chromia (CHR) Review 2024: Everything You Need to Know Before Buying Chromia
Illuvium (ILV) Review 2024: Everything You Need to Know Before Buying Illuvium
My Neighbor Alice (ALICE) Review 2024: Everything You Need to Know Before Buying My Neighbor Alice
Star Atlas (ATLAS) Review 2024: Everything You Need to Know Before Buying Star Atlas
OQtima
Oqtima is an emerging online trading platform that offers a wide range of financial instruments, inc...
Saxo
Saxo Bank is a leading global online broker offering a wide range of financial instruments, includin...
FXCC
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; background-c...
Quadcode Markets
Quadcode Markets is an online brokerage offering a wide range of financial instruments, including fo...
Trading 212
Trading 212 is a popular online broker offering a range of financial products including stocks, ETFs...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Holidays for Bitcoiners To Know About
The crypto world has a very active crypto holiday calendar. Bitcoin, in particular, has been...
The European Union Adopts Rules to Reduce the Anonymity of Crypto-Currency Users
The Council of the European Union has just adopted new directives on crypto-currencies in...
The Twitter Effect on Crypto Markets: How Tweets Shape the Future of Digital Assets
.article-container...
The Best 20 Cryptocurrencies in 2024: Growth, Value, and Potential
In 2024, the cryptocurrency market continues to thrive, offering investors numerous...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (1)