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Over the past few months, there’s been a lot of headlines and new wallets created for the notorious Lightning Network — The second layer payment protocol that’s being touted as a solution to the BTC chain’s scaling issues. The project is in its very early stages as the technology is still in beta, but people are … Read more
As more new people adopt cryptocurrencies, lots of newbies are creating mnemonic recovery phrases in order to make sure their digital assets are kept secure. It is very important to understand how your private keys are stored just in case there is an issue with your wallet client or device that holds your funds. Not … Read more
On Friday, June 22 a new bitcoin cash tipping application has been announced called Gitcash.io. The new platform allows registered Github users to tip each other with BCH using the web-based hosting service tethered to the Gitcash.io service. Also Read: Bitcoin Cash Football: Multiplayer World Cup App Powered By BCH Gitcash.io Allows Github Users to Tip … Read more
Just recently news.Bitcoin.com reported on the Chainbet protocol created by the developer Jonald Fyookball, designed to add trustless betting features to the Bitcoin Cash network. Following the launch of this concept, the Openbazaar developer Chris Pacia messed around with the idea and completed the first on-chain atomic bet. Now, this week the Chainbet contributors Fyookball, … Read more
This week the Zcash Foundation and researchers from the University of Luxembourg have released a study that finds the presence of ASIC and FPGA miners may be controlling around 30 percent of the overall Equihash mining hashrate. The study speaks volumes to cryptocurrency developers and communities who have attempted to produce proof-of-work mechanisms that were … Read more
This week four Bitcoin Cash (BCH) researchers and developers proposed a different transaction sorting process for the BCH protocol called ‘canonical transaction ordering.’ The proposed method would sort transactions against their identifiers, rather than the current topological transaction ordering rule, making it easier to for the network to process very large blocks. Also read: Crypto … Read more
Just recently news.Bitcoin.com wrote about a trustless betting protocol designed by Jonald Fyookball called Chainbet, a protocol that enables simple coin flip wagers using the Bitcoin Cash (BCH) blockchain. Since then the Openbazaar developer Chris Pacia performed the first atomic bet utilizing the BCH network’s re-enabled OP_Codes and Fyookball’s Chainbet concept. Also read: Chainbet Protocol Proposes … Read more
There are a lot of people people who own cryptocurrencies, and then there are those who think they own these digital assets, but in actuality don’t possess the private keys because they are held with a third party. Learning how to securely archive records that hold private keys like a JSON file or exporting, importing, … Read more
Fees on the bitcoin core network have reached their lowest in seven years, with the median cost of sending BTC currently standing at $0.11. While there are several reasons why BTC fees are low, one of them is obvious: less people are using the network. The number of daily transactions has dropped sharply since last … Read more
It has been estimated that approximately 6.25% of the total bitcoin supply has been deposited with Xapo – a Hong-Kong Based company providing bitcoin wallet, cold storage, and bitcoin-based debit card services. Xapo claims that BTC deposited with company are held in underground vaults located across five continents. Also Read: Ethereum Founder Responds to Charges of … Read more
