Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other types of consensus algorithms have been effective at being secure while […]
The Bitcoin Cash (BCH) blockchain split on Nov. 15 and the community are still discussing the subject at great length. Since the chain splintered into two separate networks, additional trading platforms like Coinbase and Bitstamp have re-established BCH markets by choosing to list the ABC chain with the exchange ticker “BCH.” Also Read: Indian Government Expects […]
The post Hash Wars: BCH Community Evaluates Six Days of Battle appeared first on Bitcoin News.
On Saturday, Nov. 17, the Bitcoin Cash (BCH) community entered the third day of its hash war, with many supporters growing confident that a resolution may be in sight. Close to 300 blocks have been mined on the Bitcoin ABC side of the chain using the new consensus ruleset, which has also given the network […]
The post Hash Wars: BCH Proponents Confident a Resolution Is in Sight appeared first on Bitcoin News.
On Oct. 31, 2008, at 2:10 p.m. EDT, the creator of the Bitcoin network, Satoshi Nakamoto, announced the publication of the protocol’s whitepaper using a Vistomail email address. It’s now been 10 years to the day since Satoshi’s idea was first revealed to the world — an idea that unleashed the first pure peer-to-peer version of […]
The post Ten Years Ago Today, the Whitepaper Changed the Way We Look at Money appeared first on Bitcoin News.
Accident-prone altcoin verge has been crippled by yet another mining attack. A little over a month after being subjected to a 51% attack, the network is once again at the mercy of a malevolent attacker who is rejecting blocks and profiting handsomely off the carnage caused. The repeat attack illustrates the risks faced by low […]
The post Verge Struck by Second PoW Attack in as Many Months appeared first on Bitcoin News.
The following opinion piece was written by Jonald Fyookball. In part 1 of this series, I highlighted the importance of education. A community that is educated will be less influenced by propaganda. The second principle is that of clarity. The community needs to be “on the same page”. There is never going to be a perfect alignment […]
The post How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 2 appeared first on Bitcoin News.
This weekend marks a milestone for bitcoin as 80 percent of the currency has now been mined into circulation, this means there’s only 20 percent left to mine. Satoshi Nakamoto’s protocol was one of the first to introduce digital scarcity and soon enough the digital asset will become even harder to obtain. Also read: How to […]
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To proponents, the words “bitcoin mining” are synonymous with security, value, and financial freedom. To exponents, those same words evoke images of burning tyres, oil slicks, and crying kittens. To say that bitcoin mining evokes strong feelings is like saying Charles Manson was “a bit naughty”. While the amount of energy bitcoin mining uses is […]
The post Ludicrous Headlines About Bitcoin Mining Will Kill Us All appeared first on Bitcoin News.
Bitcoin has had a phenomenal year in 2017 surpassing many expectations as the decentralized currency now commands a whopping $100B market capitalization. This Halloween marks another milestone as nine years ago today the anonymous creator of the ‘Internet of Money,’ Satoshi Nakamoto, released the Bitcoin white paper. Also Read: Bitcoin Prices Skyrocket to $7200 on Zimbabwean […]
The post Satoshi Nakamoto’s Brilliant White Paper Turns 9-Years Old appeared first on Bitcoin News.