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The Lightning Network, the touted scaling solution for the BTC chain, has recently seen its capacity decrease significantly and the beta project is still best suited for a cliche of technically savvy users. Now according to an analysis by Bitmex Research, the Lightning Network’s nodes have taken 2.2 BTC in “justice transactions” even though the … Read more
Roughly a year ago, the Simple Ledger Protocol (SLP) debuted on the Bitcoin Cash (BCH) network, giving anyone the ability to mint, store, receive, and send SLP tokens. Since then there’s been a ton of tokens created on the BCH network as the simplicity of the system outpaces tokens built on alternative chains like ERC20s … Read more
Cryptocurrency advocates have been discussing a new social media platform designed by one of Bitcoin’s earliest developers Martti Malmi, otherwise known as Sirius. The project he designed, called Iris, is a social networking application that stores and indexes everything on the user’s devices and connects directly with peers rather than using centralized and privacy-invasive algorithms. … Read more
The energy used to mine bitcoin has long caused debate over whether it’s a wasteful process. As the arguments have rumbled on, some people have been focused on mining coins with renewable energy. On May 29, Christian Ander, the founder of Stockholm’s Btcx exchange, explained how instead of selling surplus solar energy, he’s been using … Read more
On May 27, the analytics and data web portal Coin Dance announced the team has added the Cashscript project to the website’s development tracker. Cashscript is a high-level language that enables basic smart contract functionality on the Bitcoin Cash (BCH) network. Also Read: Crypto Assets Outshine Most Traditional Investments in 2019 Meet Cashscript: A High-Level … Read more
A number of Bitcoin Cash detractors and media publications have recently been spreading a false narrative that the BCH network was ‘51% attacked.’ In reality, however, honest nodes used their hashrate to stave off attacker nodes that were attempting to steal funds on the network. Also Read: Massive Growth by P2P Exchange and AT&T Accepting … Read more
On May 15, the Bitcoin Cash network successfully upgraded by implementing Schnorr signatures, after which a few developers processed some basic Schnorr signatures. Then, on Saturday, May 18, software developers Chris Pacia, Mark Lundeberg, and Checksum0 performed the first multi-sig Schnorr signature on BCH and sent the funds to Freeross.org. Also Read: After Trillions Printed … Read more
On Wednesday, May 15, the Bitcoin Cash (BCH) network will be upgraded to incorporate the highly anticipated Schnorr signature algorithm, a digital signature scheme widely known for its simplicity. Also read: Bitcoin History Part 12: When No One Wanted Your BTC Schnorr Sigs Are Coming Next week, the Bitcoin Cash blockchain will be upgraded by … Read more
The Bitcoin Cash network is scheduled to fork on May 15 and the community has been steadily preparing for the next upgrade, which will entail the addition of Schnorr signatures and Segwit recovery exemption. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings Bitcoin Cash Upgrade Time: May 15, 2019, Shortly After 12 … Read more
Last week, mining manufacturer Bitmain launched its latest Antminer 17 series. Now Canaan Creative has published its own device specifications and pricing for the new Avalonminer 10 series that process between 31-33 trillion hashes per second (TH/s). In addition to Canaan’s latest miners, two more China-based companies are releasing next-generation miners this summer that mine … Read more
