Whether you’re entering into the Bitcoin community for the first time, or are a long-time stan of the digital currency, you’ll identify there are several platforms that tend to stand out and provide the best information on the digital world.
Below is a list of top bitcoin blogs that we found incredibly composed and sufficiently detailed.
The CryptoCoins News covers all cryptocurrency related or particularly, Bitcoin related topics. They produce well-composed articles explaining the trends, price movements, version updates regarding Bitcoin and other digital currencies.
CoinDesk is one of the best platforms for news, prices, and information on Bitcoin, blockchain technology, and other digital currencies. In my opinion, this site has got everything. They’re known to cover all trends, price movements, technologies, companies and people in the bitcoin and digital currency world.
The Cointelegraph brings you the latest news, analysis, and predictions of Bitcoin and the blockchain technology. CoinTelegraph stands out from all its competitors, with custom art attached with every article they post. Be sure to bookmark this page.
NEWSBTC – Bitcoin News, Price, Analysis
NewsBTC is a Bitcoin news service that deals with cryptocurrency news, technical analysis and forecasts for Bitcoin and many other digital currencies. Users looking for daily price analysis and latest Bitcoin headlines should definitely have this site in their favorites.
Reddit – Bitcoin
It’s a community on the Reddit platform that is dedicated to Bitcoin. Users from around the world come together to have discussions on the “internet of money” and help educate newbies as well.
This is the official blog of Bitcoin. The site perfectly outlines all one needs to know about Bitcoin and its functionalities. It’s even got a list of words essential in the Bitcoin vocabulary. Fresh content is added every single day, the blog part of the website continues to attract a lot of eyeballs.
99 Bitcoins is a site for all things Bitcoin, from guides on buying bitcoins to mining and wallet reviews, it’s one of the best. They deliver well-detailed and researched articles and news, proving their dedication to the
Blockchain.info is both a Bitcoin wallet and blog. How great is that? Not only do you get to secure your bitcoins but you can browse through news as well every time you log in to check your balance.
The Coinbase Blog
Coinbase is an exchange platform as well as a blog. It provides data on the most recently mined blocks in the Bitcoin blockchain. A great site to get bitcoins with a debit card, and multiple online wallets for your digital currency.
Bitcoinist provides up-to-date news and insightful analysis on everything Bitcoin. It’s a highly trusted and well-known source dedicated to providing legit content for the Bitcoin technology.
The Blockchain is a public ledger which is used to keep the record of Bitcoin transactions or the transactions made in some other cryptocurrency.
There are three essential technologies used in Blockchain and none of them are new. Instead, it is their arrangement and application methods that are new.
These technologies include:
- Cryptographic keys
- Distributed Network
- Record-keeping and network security.
In this article, we have tried to make clear as to how these technologies cooperate to secure the digital relationships.
Technologies Used in Blockchain – Cryptographic Keys:
Suppose, two individuals need to make an online transaction of bitcoin, each of them holds a public and a private key. Both the keys are in an encrypted form.
The principle motivation behind having a public and private key is to create a digital identity reference. The Identity of a client depends on the blend of two keys.
The blend of these keys is additionally called “digital signature”, which, consequently, gives a strong control of possession.
However, having strong control of possession is not enough to secure digital relationships. While authentication is solved, it must be consolidated with a means of approving transactions and authorization.
In Blockchains, this starts with a distributed network.
The concept of distributed networks can easily be understood with the “falling tree in the forest” example.
If a tree falls in a forest and we have cameras to record the event, we can positively say that the tree fell since we have the visual confirmation. Same can be said in regards to distributed networks.
A substantial piece of bitcoin Blockchain is a huge system of validators – similar to the cameras in above example – where they reach an agreement that they all witnessed the similar event in the meantime. But instead of cameras, they utilize mathematical verification.
To put it plainly, the size of a distributed network is critical for the security of the system.
Distributed networks are one of the primary elements of “Bitcoin Blockchain“. At the time of writing, the system is secured by 3,500,000 TH/s, more than the top 10,000 banks on the planet combined.
The System of Record Keeping and Security:
Lastly, cryptographic keys are consolidated with the system to create a super useful form of digital interactions. The procedure starts with taking sender’s private key, then making a declaration that he is about to make a Bitcoin transaction — and finally appending his private key to the recipient’s public key.
With regards to the earlier example of falling tree, a realist may come up with the question, why there were dozens of PCs with cameras, holding up to record whether or not a tree falls.
Now, translating the same question in blockchain terminology, how do you attract the computing power for the maximum network security.
With blockchains, clients are offered special rewards in return for giving their PC’s processing power to secure the system. Which, ultimately, pulls in an extensive number of clients offering their machines’ computing power. The more the power, the more secure the system.
Brief History of Bitcoin
Bitcoin was the first cryptocurrency, which was launched in 2009 by a mysterious developer, with a name “Satoshi Nakamoto.” Since the creation of Bitcoin, it has inspired thousands of other cryptocurrencies (generally called altcoins) and has gained an enormous acceptance across the world.
Though some altcoins have copied some aspects from the original concept of Satoshi, other altcoins also made significant development on the Bitcoin model. However, in some cases, some altcoins are just a copy of bitcoin and have the similar underlying program – but at the same time, they are a bit different from the original Bitcoin. In such cases, the bitcoin blockchain should undergo a procedure which is called “forking.”
- In forking process, Bitcoin blockchain divided itself into two distinct entities.
- Through forking, numerous cryptos with a similar name to Bitcoin were generated, including; bitcoin gold and bitcoin cash.
- It may be a bit difficult for a casual investor to differentiate amid these cryptos and to plan the dissimilar hard forks on a timeline.
What is Genesis Block?
- After Bitcoin was created, the first block was referred to as “Genesis Block.” It was mined on the Bitcoin blockchain by Satoshi.
- Satoshi made many changes to the Bitcoin network in this process and those changes have now become even more complex as the userbase of Bitcoin has fully-fledged.
- Not one can regulate when and how Bitcoin should upgrade, and this makes the entire process of changing/updating the system a little bit more complex.
- Even after the creation of Genesis Block, a number of hard forks still existed.
- Hard fork included the upgrading of software executing bitcoin and its mining processes.
- Once a software is upgraded by a user, that software version discards all other transaction from older software and generates a new branch of the bitcoin blockchain.
- However, users who use the older software are still going to continue to process transactions, henceforth, there’d be a similar set of transactions going on across two different Blockchains.
- This is one of the most notable Bitcoin hard forks.
- In 2014, Mike Hearn made the software for integrating some of the new features that he proposed.
- At that time, Bitcoin allowed only 7 transactions-per-second.
- Bitcoin XT was intended to allow 24 transactions-per-second.
- Bitcoin XT primarily experienced a great success after its launch, with almost 1,000 nodes running its software (back in 2015).
- However, just after few months, users lost interest in Bitcoin XT, making it ‘doomed to die.’
- Even though Bitcoin XT is officially available today, but it has visibly tumbled out of the errand of crypto community.
- After Bitcoin XT failed, few cryptocurrency community members demanded an increase in the block sizes.
To accomplish this goal, Bitcoin Classic was created in 2016.
- Unlike Bitcoin XT, Bitcoin Classic intended to raise block size to only 2 megabytes.
- Just like Bitcoin XT, Bitcoin Classic also saw initial interest with almost 2,000 nodes for few months in 2016.
- Bitcoin Classic still exists today and has gained a strong support from some developers.
- In 2015, Bitcoin core developer, Peter Wuille introduced the idea of SegWit (Segregated Witness).
- SegWit aims to reduce the size of all Bitcoin transactions, letting more transactions to come off at the same time.
- However, SegWit was officially a soft fork and might have assisted in prompting hard forks after it was initially proposed.
- Some community users and developers decided to introduce a hard fork in response to SegWit, as well as to evade the procedure-updates.
- This, at the same time led to the creation of Bitcoin Cash.
- Bitcoin Cash detached from the main blockchain in August 2017 – when Bitcoin transactions were excluded by Bitcoin Cash wallets.
- Up till now, Bitcoin Cash is the most effective and successful hard fork of Bitcoin.
- Bitcoin Cash is also the 4th largest cryptocurrency by market cap and allows blocks of 8 megabytes.
- After the creation of Bitcoin Cash, Bitcoin Gold was created.
- The creators of Bitcoin Gold intended to evoke the mining functionality with elementary GPU (Graphics Processing Units) since they experienced that mining became also particular – in terms of hardware necessities.
- Post-mine is an exclusive feature of the Bitcoin Gold and a procedure through which the developers mined 100,000 coins.
- In general, Bitcoin Gold follows the basic concepts of Bitcoin.
- Also, it is different in terms of ‘proof-of-work algorithm.’
As Bitcoin has been forked quite a few times within few years, there is a possibility that Bitcoin would still continuously experience both soft forks and hard forks in the future.
Before using Bitcoin for any bigger transaction make sure to what you have to know and what are some best ways to secure your Bitcoin wallet. Always keep in mind it’s your responsibility to decide about your wallet carefully. Adopt some better practices to protect your money. A Bitcoin wallet is a collection of some private keys and used to make transactions on the Bitcoin network.
Some best Bitcoin wallets 2017 are:
1- BitCoin Core:
Bitcoin Core is developed to choose which blockchain have valid transactions and the users only accept the transactions for that blockchain. It’s those users who keep Bitcoin decentralized. They run individually their personal Bitcoin Core full nodes and each full node individually follows the same rule to decide which blockchain is valid.
Some Bitcoin Core features are:
- Full Validation
- Better Privacy
- Excellent Security
- Better User Interface
- Support the Network
Armory is a full featured and most secure means available for the users and organizations to generate and store Private Keys. The Armory team is experienced in private key and cryptography ceremonies. Armory established cold storage and distributed multi-signature. The Bitcoin cold storage is a system for storing Bitcoin safely on a fully air-gapped offline computer. At Armory, we attempt to improve constantly the best Bitcoin wallet with some extra security features.
3- Mycelium Wallet:
With the Mycelium Wallet, you can send and receive Bitcoin by using your mobile phone. The Supreme cold storage functionality enables you to secure your funds 100% until you spend them.
Features of Mycelium Wallet are:
- Provide 100% control over your Private-Key.
- No blockchain download, just install and run in seconds.
- Manage your multiple accounts and never recycle addresses.
- Ultra-fast connection to a Bitcoin network with the help of super nodes.
- Read only addresses and Private-Key imported for secure cold-storage integration.
- Protected your wallet with a PIN.
- Support for BIP38 Keys.
- Compatible with other Bitcoin services.
- MultiBit enables your Bitcoin wallet to make easy and fast transactions. After the installation process, a wizard guides you through effective steps to create your wallet and its backup. In just a few moments, you’ll be ready to join Bitcoin economy and now you can handle your funds and wallets. Your wallet and its backup resides encrypted on your personal computer and never with a third party.
- MultiBit adds an extra security layer for your bitcoins when used with KeepKey. KeepKey is USB device which stores and secures your Bitcoin.
Xapo Wallet offers a way to handle your funds when or where you want with just the click of a button. You can also manage your funds by sending an email and swipe of your Xapo Debit Card. Xapo iOS is your mobile Bitcoin wallet that combines industry-leading and convenience security to handle your bitcoins and sending currency to your family and friends. Simply scan a QR or wallet address or enter a name, or email to instantly send money worldwide.
Features of Xapo Wallet are:
- Fully insured Bitcoin storage in the market.
- Send and receive Bitcoin in just two clicks.
- Two-factor authentications.
- By sharing Xapo on social networks you can earn Bits.
- Zero network transaction fees.
Anyone can get the best for digital and traditional currency. You can get an online banking account, cheap money transfer, worldwide issued Bitcoin debit cards, and much more in just one place.
Features of Wirex are:
- Secure and Convenient: Secured with multi-signature and two-factor authentication.
- Easy Access: Manage all your accounts, past transactions, and debit cards by using your smart phone 24/7.
- Total Freedom: Send and receive currency from 130+ countries and with almost no limits.
Generally, Bitcoin wallets have just a single Private-Key to make your Bitcoin susceptible to misplaced or theft. The multi-signature technology of BitGo offers three keys for your wallet. BitGo does not have the facility to access your Bitcoin as other Bitcoin companies have. BitGo only holds one key which not enough for the transaction on your behalf.
If only a single key is compromised, your Bitcoin cannot be stolen. This makes BitGo almost hack proof. BitGo required 2F authentications and use high-level security measure to make a full protection of your Bitcoin.
GreenAddress is a safer Bitcoin wallet which provides you full control and it doesn’t compromise your privacy. Our pre-transaction 2-factor authentications and multi-signature wallet empower you with a supreme control over your transactions. GreenAddress never keep your Private-Keys, not even encrypted. We also make it fast to view and transfer your funds.
CoinBase is the world-famous source to buy and sell Bitcoin. It is CoinBase is also a popular Bitcoin and Ethereum wallet. CoinBase provides the facility to buy, store, use, and accept Bitcoin and Ethereum securely. You can experience a best digital currency managing on the mobile phone.
Some additional features of Coinbase wallet are:
- Send and receive Bitcoin.
- Track the Price of Bitcoin anywhere with the help of Bitcoin price charts, Bitcoin price alerts, and Bitcoin price ticker.
- You can check transaction history, balance, and transaction details of all your accounts.
- You can send Bitcoin and Ether via email.
- Send via QR code with zero transaction fees.
- You can set a password to secure the mobile app.
- You can remotely inactivate your phone’s access if it’s stolen or lost.
- Historical and real-time Bitcoin and Ether price charts.