software client for the Bitcoin network derived from the reference client, Bitcoin Core: Bitcoin XT Bitcoin Classic Bitcoin Unlimited Coin splits of
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Bitcoin IRA Inc is an American company that combines various cryptocurrencies with Individual retirement accounts. Contrary to some reports, no investment – including Bitcoin – is approved by the IRS as an IRA investment. The ability to buy Bitcoin in an IRA is supported, but not plainly endorsed, through a 2014 IRS ruling that clarified the tax treatment for Bitcoins as non-currency personal property which is similar to stocks, and presumably compatible with IRA’s.
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The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Whilst the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.
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Auroracoin (code: AUR, symbol: ᚠ) is a peer-to-peer cryptocurrency launched in February 2014 as an Icelandic alternative to bitcoin and the Icelandic króna. The unknown creator or creators use the pseudonym Baldur Friggjar Óðinsson (or Odinsson). They stated that they planned to distribute half of auroracoins that would ever be created to all 330,000 people listed in Iceland’s national ID database beginning on March 25, 2014, free of charge, coming out to 31.8 auroracoins per person.
Auroracoin was created as an alternative currency to address the government restrictions on Iceland’s króna, in place since 2008, which severely restricts movement of the currency outside the country. Iceland’s Foreign Exchange Act also prohibits the foreign exchange of bitcoins from the country, according to a government minister. Auroracoin was the first of a number of country-based cryptocurrencies.
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The Bitcoin scalability debate led to the cryptocurrency split on August 1, 2017. A chain coming out of the split and setting its block size limit to eight megabytes to increase the number of transactions its ledger can process is called Bitcoin Cash (BCH). The rule change increasing the bitcoin block size limit of one megabyte to eight megabytes is classified as a hard fork.
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the Bitcoin, Litecoin and Dogecoin networks. The snapshots for this distribution were taken at blocks 300377(Bitcoin), 565693(Litecoin), and 218556(DOGE)
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LTC may refer to:
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Bitcoin Core is the reference client of bitcoin. Initially, the software was published by Satoshi Nakamoto under the name Bitcoin, and later renamed to Bitcoin Core to distinguish it from the network. For this reason, it is also known as the Satoshi client. It is the reference implementation for bitcoin nodes, which form the bitcoin network. As of 2018, Bitcoin Core repositories are maintained by a team of maintainers, with Wladimir J. van der Laan leading release process.
The MIT Digital Currency Initiative funds some of the development of Bitcoin Core. The project also maintains the cryptography library libsecp256k1.
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Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC).
