One of the characteristics that gave rise to a fascination with Bitcoin is the way its pseudonymous creator, Satoshi Nakamoto, tied the creation of coins to the work needed to prevent counterfeiting. Bitcoin is generated by so-called miners whose computers perform complex calculations that validate the transactions on what’s known as the blockchain, a public digital ledger. The miners compete with each other to earn newly-issued tokens known as a block reward.Read More
Welcome to Bitcoin
Bitcoins are not issued by a central bank or government system like fiat currencies.
Why the need for bitcoin in the first place, if there are already so many traditional means of making payments? A key element of bitcoin is its decentralized status, meaning that it is not controlled or regulated by any central authority. This immediately distinguishes it from fiat currencies. Bitcoin payments are processed through a private network of computers linked through a shared ledger. Each transaction is simultaneously recorded in a "blockchain" on each computer that updates and informs all accounts. The blockchain serves as a distributed ledger and obviates the need for any central authority to maintain such records.JOIN US NOW
Why Choose Bitcoin
The primary draw of bitcoin for many users, and indeed one of the central tenets of cryptocurrencies more generally, is autonomy. Digital currencies allow users more autonomy over their own money than fiat currencies do, at least in theory. Users are able to control how they spend their money without dealing with an intermediary authority like a bank or government.
Safe and Secure
The bitcoin payment system is purely peer-to-peer, meaning that users are able to send and receive payments to or from anyone on the network around the world without requiring approval from any external source or authority.
Standard wire transfers and foreign purchases typically involve fees and exchange costs.
Like with many online payment systems, bitcoin users can pay for their coins anywhere they have Internet access.
Because users are able to send and receive bitcoins with only a smartphone or computer, bitcoin is theoretically available to populations of users without access to traditional banking systems,
However, unlike online payments made with U.S. bank accounts or credit cards, personal information is not necessary to complete any transaction.
To take a trivial example, which off us ever undertakes laborious physical.
How it Works
At Our Dream miners our vision is to revolutionizes the financial world creating a safer, faster and inexpensive financial products and services and helps everyone become part of it. We are changing the world of finance and investment by challenging its traditional methods. Using Our non complicated mining system, we make cryptocurrency easy to mine, easy to trade and easy to use.
Create Your Wallet
Buy or Sell Orders
BITCOIN LIVE PRICE TABLES
We are open and honest in our dealings. By being the first Our Dream storing KYC documents in its new blockchain, we set a new industry standard.
Bitcoin is notoriously volatile, prone to sudden price surges and swift reversals that can wipe out millions of dollars of value in a matter of minutes. Those changes are often mysterious to market observers, given the digital currency’s lack of fundamentals, or ties to the real economy. Bitcoin has another quirk, one that was built into the code that gave it birth: every so often, the formula that governs the rate at which new tokens are created changes. As another such event -- called a halving -- approaches, Bitcoin supporters and skeptics are debating what kind of impact it may have on the coin’s value.
A halving – sometimes referred to as halvening – is a planned reduction in rewards miners receive (the term is mentioned in Bitcoin’s code). Halvings happen once every four years or so – more precisely, every 210,000 blocks of transactions. As the name suggests, each one cuts the amount of Bitcoin miners receive per block reward in half. At Bitcoin’s launch in 2009, miners received 50 Bitcoin per block, but that reward was reduced to 25 in the first halving, in 2012, to 12.5 in 2016, and will fall to 6.25 tokens in the next.Read More
Bitcoin’s issuance is limited in several ways. For one thing, according to its founding protocol, just 21 million will ever be in circulation. That’s appealing to many who fear that fiat money -- the kind issued by governments -- can lose its value to inflation if too much is printed. Supporters argue that Bitcoin, by contrast, will be guaranteed to increase. Halving also prevents inflation by acting to periodically slow the pace at which Bitcoin are created, so as to not outstrip demand. To other observers, halvings can serve as a hurry-up-and-buy signal by suggesting that slower growth could be accompanied by a bump in price.Read More
The next one is expected to take place in May 2020 and the internet is replete with countdown clocks. In general, predicting the exact date is hard because the time it takes to generate new blocks can slow down or speed up depending on a number of factors. Going by most estimates, there will be 64 Bitcoin halvings before that 21 million maximum is reached sometime around 2140, at which point halvings will stop. Once that happens, miners will no longer collect rewards and are expected to rely on charging fees for handling transactions, similar to what credit card companies do.Read More
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That’s a matter of heated debate. Following previous reductions, the token’s price rose. In 2012, for instance, Bitcoin gained about 8,000% in the 12 months following the cut in rewards, and again rose almost 1,000% in the wake of the 2016 cut.