Bitcoin: XBT or BTC?

A new abbreviation for Bitcoin is starting to come into use, “XBT.”  Up to this time “BTC” has been the generally accepted notation for Bitcoin.  Since Bitcoin is decentralized there is no standard or anyone to dictate what it should be.  The XBT comes from an International Standards Organization (ISO) that keeps a list of […]

Bitcoin Blockchain – The Longest Chain Wins

The Bitcoin “Blockchain” is the database of Bitcoin transactions.  It is basically a ledger and all Bitcoin balances can be obtained from it.  A section is added to the database about every 10 minutes on average.  Each block on the end depends on all the blocks before it so you cannot just insert a new […]