Dr. Pieter Wuille, co-founder of Blockstream and one of the most prolific Bitcoin Core developers, announced on Monday a new open-source project that will focus on making improvements to “BTC transaction relay.”
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SegWit2x, a Bitcoin hardfork expected to become effective this November, is among the most talked-about and somewhat disputable matters in the community. ForkLog talked with Dr. Adam Back, the CEO of Blockstream and one of the world’s leading Bitcoin developers, to find out what’s that dangerous about it, and how to prepare yourself for that.
1 What is Segregated Witness? Segregated Witness or SegWit is a protocol update developed by Bitcoin Core team. SegWit’s mission is to optimize the Bitcoin block structure which can be a solution to the long-standing issues of network scalability, block overflow, transaction speed, and commission size. In other words, SegWit improves Bitcoin blockchain’s efficiency without […]
The notorious block size debate is about to gain yet another dimension following the release of a “road map” conceptualized by Bitcoin Core developer Gregory Maxwell.
Being as unsurprising as it gets, the reward halving in Bitcoin is an important event on many levels: it’s a historical milestone and a reason to recap on the progress made, a piece of news big enough to remind the public that Bitcoin is still here, and clear evidence of the predictable deflation that makes […]
There are myriads of individual aspects to the issue of personal privacy. In the case of Bitcoin, privacy is the subject of heated debates that split the community to an extent.
Lightning Network, a second layer payment protocol, can mean a lot to Bitcoin and other blockchain-based systems. It is hailed as a solution to scalability problems and a way to make crypto payments ubiquitous, but the tech isn’t quite mature enough to handle all that.
Schnorr and Taproot soft forks are now official and likely to be activated soon. Both are aimed at increasing Bitcoin’s scalability and privacy of users. The numbers of their respective Bitcoin improvement proposals are BIP-340, BIP-341, and BIP-342.
The war of consensus algorithms is still raging on. While some believe that only Proof-of-Work can underpin a real cryptocurrency, others think that its time passed long ago, and now it’s time for other algorithms like Proof-of-Stake.
As it became known, the mysterious party that had transferred 124 946.6 BTC proved to be BitFinex. According to the exchange’s CTO Paolo Ardoino, the transaction was but a part of transferring 150 thousand BTC to the company’s hot wallet.
According to a May study by The Block, 42 large cryptocurrency exchanges have been compromised since 2012, not taking smaller platforms into account. The total amount of stolen funds exceeded $1.35 billion, with about 59% of these funds (795.5 million) being stolen in 2018.
Christian Decker is one of the true Bitcoin veterans and the first person in the world to get a Bitcoin related PhD. Today the Switzerland-born engineer is one of the leading developers at Blockstream working on Lightning Network specifications and C-Lightning implementation. In an exclusive interview with ForkLog, Christian Decker tells how he came to […]
Hodl Hodl, global non-custodial P2P Bitcoin exchange, has announced its new project Predictions by Hodl Hodl is finally available on mainnet.
Thursday, May 2, saw the official release of Bitcoin Core 0.18.0, the 18th generation of Bitcoin’s original and most popular software client. Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed over a span of about six months, by over a hundred contributors, Bitcoin Magazine reports.
The inaugural Magical Crypto Conference is set to take place on May 11-12, 2019, in New York City, promising an incredibly impressive gathering of Bitcoin entrepreneurs, software developers, and influential crypto Twitter personalities.
Slush Pool is one of those names in Bitcoin industry which, as it might seem, has been around forever. Based in Prague, Czech Republic, it was launched back in 2010 and not only was the very first mining pool in existence, but also paved the way for plethora of other pools, essentially laying the foundation […]
Entrepreneur, developer and educator, Jimmy Song is a well-known figure in Bitcoin community. Former principal architect at blockchain firn Paxos and VP of engineering at wallet management platform Armory Technologies, today he runs a training company called Programming Blockchain, that provides blockchain programming and development training, and also acts as a venture partner at Blockchain […]
More than a year after its conceptual introduction at the Blockchain Association of Canada’s Government Forum in Ottawa, Blockstream’s bitcoin scaling solution made its public debut on October 10, 2018, after going live among its partners on September 27.
What is the nature of privacy? Is it our basic right or a privilege? If it is our fundamental freedom, do we have to fight for it? That is the question. Most people prefer easy options to avoid such crucial fights. For years it was only cypherpunks who have tried to develop technologies which could […]
Despite the deep correction the cryptocurrency market has suffered throughout 2018, its capitalization is still holding above $200 billion while leading exchanges are securing deals worth hundreds of millions of dollars every day and institutional investors are looking for a better infrastructure around the industry to take part in the revolution.
It might be a relatively new player on the market, however, having launched only in February this year, cryptocurrency p2p exchange Hodl Hodl already gained enough popularity, primarily among the so called Bitcoin maximalists.
While the crypto market keeps on moving down, it becomes even harder to convince unfortunate retail investors that there is a real value in Bitcoin and its underlying technology.
Emercoin blockchain developers have released 16 updates including support of Segregated Witness (SegWit) protocol. Also a new Emercoin wallet version has been released to match the new rules of the blockchain and dSDKs.
A team of Bitcoin engineers has announced the launch of the Bitcoin Operations Technology Group (Bitcoin Optech) addressing the problem of Bitcoin’s scalability, according to their statement published July 20.
Formerly known as Rootstock, RSK Labs is an Argentinian startup building the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the miners through merge-mining.
Recalling some of the last year’s events, Erik Voorhees says the community is already deeply split and, unfortunately, there were no winners in the stand-off between the Bitcoin Core and Bitcoin Cash proponents.
Bitcoin Core 0.16.1, a new minor version including new features and performance improvements, has been officially released, according to an announcement made on Friday, June 15.
Sweden-based bitcoin startup Bitrefill focused on topping up mobile phone accounts and selling gift cards has garnered some attention from the community in the recent months after implementing some innovative solutions.
November 25-26 Latvia’s capital of Riga hosted its first international bitcoin conference Baltic Honeybadger 2017.
Bitcoin price soared past the $5,000 mark on Thursday, October 12, reaching a current all time high of $5,269 on the Bitfinex exchange.
Summer 2017 was hot in every sense of the word. Aside from the drama that resolved with bitcoin hardforking into two, there were several major conferences and other events like Hyperledger Hackfest in Odessa DataArt center. There, renowned speakers shared their experience of work in blockchain projects, and held several coding practice sessions.
On October 2 and 3, 2017, Berkeley (CA) will host Crypto Economics Security Conference 2017, an event hosted by Blockchain at Berkeley in the University of California. The conference will focus on the issues of security in various blockchain systems.
The price of bitcoin surpassed $2,000 for the first time in history on Saturday, pushing the cryptocurrency to a new ATH amid rising trader interest.
SegWit might be one of the burning issues concerning Bitcoin’s scaling up, however, it has gone beyond the first cryptocurrency.
This March proved exuberant of drama for the entire cryptocurrency community. First, the Winklevoss failed to obtain SEC approval for their ETF, then some altcoins rushed upwards, and all that against the background of fierce discussions concerning well-planned media attacks by both sides of the Unlimited/Core conflict. This feature discusses some important issues of the […]
A team of coders from Imperial College London and Cornell University has come up with a brand new solution for bitcoin network scalability, which uses trusted execution environment in the components of secure hardware.
Reward halving is about to happen in less than hour, and the community gets oversaturated with the opinions as to what will happen to bitcoin price and the cryptocurrency itself once it occurs. Still, halving isn’t the only thing capable of seriously impacting bitcoin price. ForkLog brought together all anticipated events that will definitely have […]
Bitcoin scalability debate gained steam as 8btc.com published details of the Bitcoin Classic implementation proposal discussed by miners of China.
On June 6, bitcoin miners have produced block #415,000. It means that mining reward will halve in less than 5,000 blocks or 42 days.
Jae Kwon and Ethan Buchman from Tendermint are developing a new architecture to solve the scalability problem found in blockchain systems. The researchers use the practical experience of such systems as thereum, Bitcoin, and Zerocash. The project’s whitepaper reads: â€śThe combined success of the open-source ecosystem, of decentralized file-sharing, and of public cryptocurrencies, has inspired […]
Bitcoin and related issues, positive and not-so-positive news from exchanges and platforms, new investment in the industry, and possible contradiction in the midst of interbank umbrella â€” all in ForkLog’s traditional weekly overview.
ForkLog continues exploring cryptocurrency worlds of different countries. Earlier we took a close look at bitcoin’s stance in Bulgaria and Finland. Today we decided to explore one of the Baltic states, Estonia. There are not too many news concerning blockchain and cryptocurrencies coming from Estonia; however, the country has its own bitcoin community as well […]
Bitcoin price growing, new investments in the industry, ambitious statements on practical application of blockchain technology – all highlights of crypto-industry’s week presented in ForkLog’s weekly overview.
Bitcoin Core developers have announcedÂ they release the new version of Bitcoin network client numbered 0.12.1. The release features a new mechanism of soft-fork deployment BIP9, which in turn activates proposals BIP68, BIP112, and BIP113. More About the BIPs BIP68 allows miners to prohibit a transaction until a specified moment in time or until the transaction […]
Last month has been quite fruitful with events being held with a single aim to reach an industry-wide consensus on Bitcoin network scaling. Bitfury Group, the world’s leading Bitcoin Blockchain infrastructure provider and transaction processing company, initiated the first Bitcoin Consensus Roundtable back in January, with two other meetings to follow later. The second Roundtable, […]
Last weekend, the second international conference Satoshi Roundtable featuring the industry’s stakeholders was held to discuss the issues of network scalability and community development. The event held at a secret venue, allegedly somewhere in Florida, US, featured around 75 attendees representing almost any prominent company and startup, alongside with leading developers. While block size debate […]
The week was marked by cryptocalypse in Russia, which had uncovered bitcoin’s cunning plans to demolish the country’s financial system; continuing scalability debates; a Ukrainian breakthrough in blockchain applications; and many more. Bitcoin Price During last seven days, bitcoin did its best to keep with the best traditions of volatility. It managed to solidify its […]
Following an 18 hour-long meeting in Hong Kong, a group of miners representing nearly 80% of the network’s hash power, alongside with representatives of several prominent exchanges, issued a timeline for introducing a hard-fork solution.
After the last week’s bitcoin roundtable, where some of the most prominent figures of the industry have gathered to discuss possible solutions to the drawn out block size dispute, some thought the resulting letter was making an offer the developers wouldn’t refuse. As a reminder, last week, representatives for several mining pools collectively holding at […]
Mining pools collectively holding at least 70% of the whole bitcoin network’s hash power sided with two large bitcoin exchanges in a so-called “call for consensus”. The call in question was compiled following the roundtable where the attendees agreed not to support Bitcoin Classic or any other hard-fork they call “contentious”. This move may propel […]
It’s not a secret that China is bitcoin world’s leader in many regards. Since the major cryptocurrency glut in 2013, Chinese companies started getting increasingly involved in virtual money, including mining and various financial services. Currently there are about 20 major companies involved in cryptocurrency operations, with about 800,000 customer base, not to mention smaller […]
The continuing block size debate has entered a new phase following the announcement by Antpool concerning its forthcoming test run of Bitcoin Classic, which is considered one of possible solutions to the problem. Jihan Wu, CEO at Antminer, tweeted: Antpool will start to test Classic soon. There is 7day long holidays ahead, so it's likely […]
Surprisingly for many bitcoin community members, Jonathan Toomim’s Bitcoin Classic proposal has garnered support from as much as 72% of the network’s mining capacity. With the consensus threshold set at 75%, the proposal is very likely to become active in no time.
The infamous block size debate has launched a tidal wave of concerns and controversies. While major players express their support for various BIP’s, and no consensus about the matter is on the table as yet, the community rages about unprecedented censorship occurences related to the matter. Bitcoin.org has recently removed Coinbase from the site after […]
Two prominent Bitcoin Core contributors, Jeff Garzik and Gavin Andressen, co-wrote a response to the recently published bitcoin scalability roadmap by Gregory Maxwell, which is based on the SegWit concept.