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Adam Back: Bitcoin Block Size Increase in Mid-Term is Possible

On Nov. 13 Blockstream CEO and HashCash inventor Adam Back, who remains as one of the few individuals cited in the original Bitcoin whitepaper released by Satoshi Nakamoto, explained Bitcoin block size increase in the mid-term is a possibility that has not been ruled out.In response to a statement provided by Jihan Wu, the co-founder of Bitmain, the $3 bln Bitcoin mining equipment manufacturing co

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Adam Back: Bitcoin has Edge Over Bitcoin Cash in Scaling

Adam Back, the inventor of HashCash who was cited in the original bitcoin whitepaper released by Satoshi Nakamoto, stated that bitcoin has an edge over Bitcoin Cash in terms of scaling, due to its infrastructure for second-layer payment channels.“SegWit is a bug fix to enable massive scaling on layer 2 and lightning. Bitcoin Cash intentionally removed the bug fix, think about that carefully. Bit

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If Hard Fork Happens, Chain Backed By Majority of Miners Will Likely Win

This is an opinion piece, and the views reflected in this article are not necessarily those of Cointelegraph.Bitcoin is rapidly approaching a fork in the road that will determine a great deal about its future. Recently, Cointelegraph published a piece highlighting the so-called forks of “Bitcoin Cash” and “Bitcoin Gold” and explaining that neither were a threat to the network.The upcoming

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Bitcoin Exchange ShapeShift Stands Among ‘Biggest’ SegWit Centers But Stays Quiet On 2x

Cryptocurrency exchange service ShapeShift.io has publicly confirmed its support of SegWit, while avoiding reference to the SegWit2x hard fork.In an announcement Thursday, SegWit2x proponent Erik Voorhees’ resource described itself as “one of the biggest senders and receivers of SegWit transactions.”ShapeShift Now One of the Leading SegWit Adoptershttps://t.co/rN9PNoP1H5pic.twitter.com/Dxt70

Bitcoin Software Wars: The Case Against Replay Attack Protection

Technology The month of September is wrapping up, and the planned November Segwit2x (BTC1) hard fork is steadily approaching. According to the BTC1 roadmap, a block between 1MB and 2MB in size will be generated by miners raising the block size limit at block height 494,784. Over the past few months, Core developers and supporters have been vehemently

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NO2X: Breaking Bitcoin Shows No Love for the SegWit2x Hard Fork in Paris

“There’s no such thing as a safe hard fork,” Electrum lead developer Thomas Voegtlin corrected an audience member at the Breaking Bitcoin conference in Paris last weekend. “I would recommend to have replay protection, of course,” he added.Community support for SegWit2x, the Bitcoin scaling proposal spearheaded by Barry Silbert’s Digital Currency Group, was virtually absent in Paris. Wh

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How the Blockstream Satellite Will Drive Bitcoin Adoption: An Interview with Adam Back and Chris Cook

Last week Bitcoin Magazinecovered the announcement of Blockstream Satellite, a new service that broadcasts real-time Bitcoin blockchain data from satellites in space to almost everyone on the planet. Currently Blockstream Satellite covers across two-thirds of the Earth, and service expansions are in the works.“Today’s launch of Blockstream Satellite gives even more people on the planet the cho

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Bitcoin In Space: Blockchain Satellite Receives First Transaction

Blockstream’s Blockchain Satellite has forwarded its first transaction, the company’s CEO Adam Back has confirmed on Twitter.Back was quoting BitcoinVPS creator Grubles, whose satellite node successfully received Blockchain transactions on a computer with networking disabled.and back via the satellite :) bitcoin in space https://t.co/qGmXKcKAIA — Adam Back (@adam3us) 21 августа 2017

Blockstream to Transmit Bitcoin Data to Earth Using Satellite Technology

Fintech Bitcoin protocol firm Blockstream just announced their plan to transmit bitcoin from space across the world using satellite technology. They have leased these satellites for the purposes of downloading a working bitcoin node, which would harbor all of the blockchain’s transaction data. These satellites will potentially give peop

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