Bitcoin (CURRENCY:BTC) traded 1.7% higher against the dollar during the 1 day period ending at 23:00 PM E.T. on May 14th. Bitcoin has a total market cap of $142.58 billion and approximately $32.79 billion worth of Bitcoin was traded on exchanges in the last 24 hours. Over the last seven days, Bitcoin has traded 36.9% higher against the dollar. One Bitcoin coin can now be purchased for $8,054.67 on major exchanges including CoinEx, Kryptono, Simex and CoinTiger.
Here’s how similar cryptocurrencies have performed over the last 24 hours:
- Bitcoin Cash (BCH) traded up 0.1% against the dollar and now trades at $389.84 or 0.04841577 BTC.
- Steem (STEEM) traded 5.8% higher against the dollar and now trades at $0.36 or 0.00004522 BTC.
- Unobtanium (UNO) traded down 0.4% against the dollar and now trades at $169.34 or 0.02105275 BTC.
- Namecoin (NMC) traded down 13.6% against the dollar and now trades at $0.40 or 0.00004976 BTC.
- Counterparty (XCP) traded 6.7% higher against the dollar and now trades at $1.32 or 0.00016423 BTC.
- Crown (CRW) traded down 0.6% against the dollar and now trades at $0.13 or 0.00001627 BTC.
- Terracoin (TRC) traded up 5.4% against the dollar and now trades at $0.0405 or 0.00000503 BTC.
- ATBCoin (ATB) traded 0.8% higher against the dollar and now trades at $0.0144 or 0.00000179 BTC.
- CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.
- Zetacoin (ZET) traded 18.4% lower against the dollar and now trades at $0.0020 or 0.00000025 BTC.
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 traded on these cryptocurrency exchanges: DragonEX, GOPAX, Simex, Kraken, CoinEgg, Hotbit, Kryptono, Bitbank, FCoin, Cryptonex, Coinone, Vebitcoin, CoinBene, ZB.COM, Huobi, Coincheck, Liquid, BitMEX, Bitinka, Cryptopia, Coinsuper, BitForex, OKEx, Coinbe, IDCM, Allcoin, Coinsquare, LBank, EXX, Coindeal, LakeBTC, Bitlish, Exmo, ABCC, Binance, RightBTC, HADAX, LocalTrade, Paribu, BiteBTC, Fatbtc, Mercatox, MBAex, BtcTrade.im, LATOKEN, Iquant, CoinsBank, Instant Bitex, Covesting, TOPBTC, Coinroom, DigiFinex, Livecoin, Bitfinex, BTC-Alpha, BitMart, Upbit, xBTCe, Zaif, Ovis, Bitsane, Cobinhood, Negocie Coins, Bitstamp, CEX.IO, Trade By Trade, QuadrigaCX, CoinTiger, UEX, Coinbase Pro, Bithumb, Kucoin, CPDAX, Poloniex, Korbit, Bittrex, C2CX, OEX, BitBay, B2BX, Exrates, itBit, bitFlyer, DOBI trade, Coinhub, Sistemkoin, BCEX, OOOBTC, InfinityCoin Exchange, YoBit, BigONE, Gemini, IDAX, Bit-Z, ChaoEX, HitBTC, CoinEx, Bibox, Gate.io, Tidex and BTCBOX. Investors seeking to acquire Bitcoin using US dollars directly can do so using Gemini, Changelly or GDAX.
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