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Is Proof-of-Work a Major Problem for Bitcoin’s Future?

Bitcoin is a very energy-inefficient project as of right now. The proof-of-work aspect has been discussed many times over. It seems community members are now advocating to change this algorithm altogether. With mining centralization becoming a real problem, such a change is not necessarily a bad thing. The Proof-of-Work SituationGenerating new Bitcoins requires dedicated hardware. This hardware is

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Sidechains: Why These Researchers Think They Solved a Key Piece of the Puzzle

New blockchains are born all the time. Bitcoin was the lone blockchain for years, but now there are hundreds. The problem is, if you want to use the features offered on another blockchain, you have to buy the tokens for that other blockchain.But all that may soon change. One developing technology called sidechains promises to make it easier to move tokens across blockchains and, as a result, open

12 Reasons Bitcoin Cash is the Real Bitcoin

Op-Ed The following opinion piece was written by Jonald Fyookball.So you’ve heard of Bitcoin Cash — one of the top cryptocurrencies along with BTC and Ethereum. But why does it exist? Is it a cheap copy of Bitcoin? A pump-and-dump scheme? An attempt to hijack the brand and attack Bitcoin? In my estimation, the opposite is true. Bitcoin Cash is ev

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Arizona State University Partners With Dash to Fund Research, Scholarships

Arizona State University (ASU) has announced a partnership with the digital currency Dash that will provide $350,000 to “accelerate research, development, and education in ways that advance blockchain transaction speed, efficiency, security, and expand its uses.” The funds will be allocated as follows:The Dash Scholars Program, which provides $100,000 in scholarships for undergraduate and grad

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The Satoshi Revolution – Chapter 3: Wall Streeting Bitcoin (Part 5)

Featured The Satoshi Revolution: A Revolution of Rising Expectations.Section 1 : The Trusted Third Party ProblemChapter 3: Trying to Undo Satoshiby Wendy McElroyWall Streeting Bitcoin (Chapter 3, Part 5)Bitcoin was supposed to demonstrate the power of a true free market. Instead it’s full of scams, rent-seekers, theft, useless for real purchases…

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Op Ed: Bitcoin’s Scaling Challenge Brings the Battle for Liberation of Cyberspace

This year brought a climax in the prolonged Bitcoin block size debate. Heated disputes over scaling that have become toxic in the ecosystem have overshadowed the technology. The cancelation of SegWit2x, the most controversial proposal in this cryptocurrency’s history, averted a potential catastrophe. Innovation moves on and the community is finding some time for reflection. What did this latest

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Steam Stops Accepting Bitcoin Payments Citing Extreme Volatility, Fees

Today, Valve announced that the Steam gaming platform will no longer accept Bitcoin payments due to high fees and incredible volatility. Valve says transaction fees, which are passed on to the company by Bitcoin payment processor Bitpay, surpassed $20 last week. Transaction fees were only 20 cents last spring when Valve began accepting the digital currency for payment.The Steam platform began acce

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SpaceX Intern Claims Founder Elon Musk Created Bitcoin

The crypto-sphere has been awash recently with stories claiming that the creator of Bitcoin is none other than SpaceX founder and Tesla CEO Elon Musk. Nobody really knows the true identity of Bitcoin’s father other than the pseudonym Satoshi Nakamoto and its elusive connotations. Interest has surged in the cryptocurrency which is currently teetering on breaking the ten thousand dollar price leve

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2x or No 2x, That Was the Question

SegWit2x was supposed to be a SegWit derivative that doubled the amount of data a block could hold from 1MB to 2MB. The SegWit2x plan came into being at the 2017 Consensus conference in New York. At this event, 58 Bitcoin-related companies signed an agreement proposed by the Digital Currency Group - the company behind $GBTC. This agreement proposed that SegWit be activated as soon as possible, and

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Lightning Must Strike Soon, Bitcoin Facing Backlogs as Scalability Solution Awaited

At press time, the Bitcoin network is currently facing a backlog of over 135,000 unconfirmed transactions and fees have soared. This comes days after the proponents of the SegWit2x scaling solution announced they wouldn’t move forward with a doubling of Bitcoin’s block size due to lack of consensus. Since larger blocks are clearly dead in the water, there is only one apparent solution to the s

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