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18 Months Away? Latest Lightning Network Study Calls System a ‘Small Central Clique’

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The Lightning Network has been touted as the solution to the Bitcoin Core (BTC) network’s scalability problem for years now. Over the last few months, the Lightning Network has shown growth but there are still significant concerns about centralization, routing issues, and creating a usable mainstream-friendly interface. The ongoing joke that the network is “18 … Read more

Central Bank Official: Regulators Are Hindering the Development of Cryptocurrencies

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An excessive number of regulatory agencies are interfering with the prospects of successful development of cryptocurrencies in Ukraine, according to a high-ranking representative of the country’s central bank. What the sector needs instead is proper regulations and laws that will allow it to grow, the banker insists. Also read: Cryptocurrency Exchanges Eye Russia for Expansion … Read more

Major Mining Pools Have a ‘High Die-Off Rate’ Study Reveals

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On Monday, Coinmetrics.io published a study looking at hashrate history of the most competitive BTC mining pools. The research from the open source cryptocurrency analytics site reveals interesting insights into how the mining ecosystem has evolved over time. Also read: Connecticut Software Engineering School Receives $10,000 BTC Donation ‘Major Mining Pools Are Fallible’ Cryptocurrency mining is a … Read more

South African Officials Create Regulatory Working Group Dedicated to Cryptocurrencies

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The Minister of Finance of South Africa, Tito Mboweni, explained in a letter on Jan. 2 that the region’s government has created a regulatory working group dedicated to cryptocurrencies. According to Mboweni, the working group includes representatives from multiple South African agencies and aims to produce a comprehensive regulatory response to the growing digital asset … Read more

Private Blockchains Have Few Applications, Study Finds

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Despite all efforts, so far businesses haven’t been able to come up with significant applications for private, centralized blockchains as opposed to public distributed ledgers, a new study shows. According to the authors, in most cases corporate blockchain networks are used mainly for database verification and transactions auditing. Also read: Poll Shows 13% of Russians … Read more

Poll Shows 13% of Russians Use Cryptocurrency for Online Purchases

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Cryptocurrency transactions are becoming a viable alternative to traditional electronic payments and Russia is no exception to the trend. Recently conducted surveys indicate that a large number of Russians have already started using digital coins for online purchases and many others are willing to try.    Also read: Russians to Be Allowed ICO Investments up … Read more

Study Finds Less Than 40% of BTC Addresses Are Economically Relevant

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The number of unique addresses on the Bitcoin Core (BTC) network is constantly growing but only 37 percent of them are “economically relevant,” according to a recent study by Chainalysis. The vast majority of them – 86 percent – are controlled by service providers and the rest are used by private investors. Another key finding … Read more

Study Argues Chinese Mining Centralization Poses Threat to Bitcoin Network

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A joint study conducted by Princeton University and Florida International University has found three-quarters of Bitcoin mining is based in China and warned of the potential risks that could result from the significant geographical centralization of the mining network. Also Read: Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders  Researchers Argue China is the “Most … Read more