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New In-Game Cryptocurrency Systems Let You Buy Assets in the Virtual Reality World

High Fidelity is announcing the launch of Avatar Island, a VR domain where High Fidelity users can purchase items for their avatars, all contributed by digital artists from around the world.High Fidelity is a next-generation platform for Virtual Reality (VR) worlds developed by Philip Rosedale, the creator of the once very popular Second Life. In September 2017, the company announced that it was d

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Developers Release Lightning Protocol 1.0; Perform Successful Interoperability Tests

Blockchain developers ACINQ, Blockstream and Lightning Labs, are announcing the 1.0 release of the Lightning protocol and the world’s first Lightning test payments on the Bitcoin mainnet across all three implementations. These are considered to be important steps toward the standardization of the Lightning Network’s second-level, off-chain payment layer. The three teams, and others in the Bitc

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Scriptless Scripts: How Bitcoin Can Support Smart Contracts Without Smart Contracts

Bitcoin’s capacity is limited. Meanwhile, smart contracts can be resource intensive. So even though Bitcoin has always supported basic smart contract functionality, the two have never been a natural match.But a recent topic of research spearheaded byBlockstream mathematician Andrew Poelstra could help fix this. Recently presented as key part of hispresentation atScaling Bitcoin Stanford, “Scri

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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

All You Need to Know About This Whole SegWit vs. SegWit2x Thing, Explained

What is Segregated Witness?Segregated Witness, often abbreviated to SegWit, is a proposed update to the Bitcoin software, designed to fix a range of serious issues.It is developed by its long-standing team. Bitcoin Core is currently the most popular Bitcoin reference client, in use by the majority of the businesses in the industry.Originally, the update was aimed at solving transaction malleabilit

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Scaling Bitcoin 2017: Science Is Central in Stanford (and the Politics Ignored)

Stanford University hosted the fourth edition of theScaling Bitcoin conference over the weekend of November 4–5: “Scaling Bitcoin 2017: Scaling the Edge.”The annual conference, sometimes referred to as a “workshop,” has in its short history grown into somewhat of an institute within the Bitcoin space. It aims to be the main stage for Bitcoin’s technical and academic communities, with l

Fork Watch: The Chain With Less Hashrate Could Come to a Screeching Halt

Op-Ed Over the next two weeks, bitcoin proponents from both sides of the scaling debate will be preparing for a possible hard fork. A lot of people believe the Segwit2x fork will be entirely different than August’s bitcoin cash fork, and for good reason.Also read: Satoshi Revolution – Chapter 2: Technology Meets Anarchy. Both Profit (Part 2)

Graphene Block Propagation Technology Claims to be 10X More Efficient

Technology This week at the Scaling Bitcoin Conference 2017, at Stanford University in California, bitcoin proponents heard about a new block propagation technology that claims to be 10X more efficient than compact blocks. The protocol called “Graphene” is a new method of reducing bandwidth to propagate blocks to full nodes by utilizing bloom fil

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Introducing a Programming Language so Simple, It “Fits on a T-shirt”

Blockstream is introducing Simplicity, a new programming language for blockchain-based smart contracts, intended for inclusion in Blockstream’s sidechains and eventually in Bitcoin. The new language was presented by its creator, Russell O'Connor, Infrastructure Tech Developer at Blockstream, at the ACM SIGSAC Workshop on Programming Languages and Analysis for Security (PLAS 2017)."Simplicity is

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