Bitcoin Price News, Updates, Analysis & Index | Bitcoin to AUD/USD Analysis

Bitcoin

Bitcoin is a cryptocurrency which has no central authority (such as a government or CEO) and all transactions are published on a public ledger known as a blockchain. Bitcoin was first invented in 2009 by an anonymous founder known as Satoshi Nakamoto.

How Does Bitcoin Work?

The transactions are verified and broadcast to the network every 10 minutes in what is known as a “block”. A block is more simply thought of as a cluster of verified transactions, which when broadcast connect to the previously authorised transactions, and hence form a chain.It was originally described as a peer-to-peer electronic cash but the technology has evolved to be thought of more as a settlement layer or store of value rather than a payment network. Because of these properties many have led the chorus to call Bitcoin both an inflation hedge, and digital gold. Apple co-founder Steve Wozniacki went a step further when he said Bitcoin is better than both physical gold, and the USD.

“Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.”
Steve Wozniacki, Apple.

Twitter CEO Jack Dorsey believes Bitcoin will become the single global currency.  Irrespective of this commentary, Bitcoin has remained the dominant cryptocurrency since inception.

Bitcoin Price Updates

Here at Mine Digital, we are not only a Cryptocurrency exchange, we are a central source for all things Digital Assets and Cryptocurrency.

Below you can find our most recent articles/analysis on Bitcoin, it’s current price and future…

An Old Photo of Coal Miners. Bitcoin Mining Australia.
Bitcoin

Bitcoin Mining Australia

What it is, and why it is crucially important. Bitcoin miners are in many ways the guardians of the blockchain, insofar that they protect the

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Bitcoin

10,000BTC Pizza

All markets are heavily manipulated Here it is, the 12th edition of The FUD, where I talk about the biggest FUD of the week. I

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Bitcoin

Why Bitcoin Is Money and Will Not Fail

Bitcoin has had detractors from time to time who criticise its ability to be recognised as a true financial asset. Here we take a look at how Bitcoin derives its value and why the asset will not fail.

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