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Samson Mow Reaffirms $6,000 Target as Bitcoin Price Hits New All-Time High

Earlier today, on October 12, the Bitcoin price achieved a new all-time high at $5,220, despite the uncertainty surrounding the SegWit2x hard fork in November. Subsequent to the recent surge of the Bitcoin price, Samson Mow, the chief strategy officer at Blockstream, the blockchain technology development firm, reaffirmed his interim price target of $6,000 by the end of 2017.Just a reminder. $BTC a

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Craig Wright Claims Only Corporations Need to Dictate Mining and Non-mining Nodes Don’t Matter

The concept of mining Bitcoin has always been somewhat controversial. More specifically, there are a lot of conflicting opinions about this concept. There is a high degree of centralization in Bitcoin mining right now. Craig Wright, the self-professed Satoshi Nakamoto, states this was always the plan. Anyone running a non-mining node “is irrelevant|. Another controversial statement that won’t

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What to Expect from SegWit2x and its Current Mining Support

Quite a few discussions regarding SegWit2x are taking place as we speak. A lot of enthusiasts assume this blockchain will gain traction. That is mainly due to the current level of mining support for this concept. However, Just because there is so much intent to signal doesn’t mean S2X will become the new Bitcoin all of a sudden. There is a very long way to go before that can be the case. SegWit2

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What to Expect from SegWit2x and its Current Mining Support

Quite a few discussions regarding SegWit2x are taking place as we speak. A lot of enthusiasts assume this blockchain will gain traction. That is mainly due to the current level of mining support for this concept. However, Just because there is so much intent to signal doesn’t mean S2X will become the new Bitcoin all of a sudden. There is a very long way to go before that can be the case. SegWit2

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Interview: Cryptographer Silvio Micali on Bitcoin, Ethereum and Proof of Stake

Silvio Micali is an MIT professor and Turing Award–winning cryptographer known for his work in technologies that form the bedrock of blockchains today: public-key cryptosystems, digital signatures, pseudorandomness and multiparty computations. He is also the co-inventor of the zero-knowledge proof.In the ’90s, he worked onByzantine agreement, a protocol for getting nodes in a distributed syste

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2x or NO2X: Why Some Want to Hard Fork Bitcoin — and Why Others Do Not

NO to more security tradeoffsSegWit2x opponents generally agree that increasing Bitcoin’s block size comes with a number of tradeoffs.For one, bigger blocks increase resource requirements for operating a full node, such as more bandwidth use, longer sync time for new nodes and more. This increases the cost for individual users to partake in the network in a trustless and therefore optimally secu

Japan’s Finance Industry Embraces Bitcoin Mining

Mining Japan’s major players in the financial industry are eyeing bitcoin mining with a goal of generating new revenue. They also hope to help set the ground rules for using bitcoin. In early September Japan’s GMO and DMM.com said they were moving into the mining space. Both companies have started crypto and bitcoin exchanges. Also read:&nbs

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Jaxx Remains Indecisive on SegWit2x Support

There is still a lot of speculation regarding SegWit2x. That is not surprising as the deadline for activation draws near The question is whether or not all signees will honor the agreement signed several months ago. Some companies have pulled out already, with others likely to follow. Jaxx is one of the companies still on the fence despite signing the New York Agreement.The activation of SegWit2x

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The Curious Case of Bitcoin’s “Moby Dick” Spam and the Miners That Confirmed It

The scaling debate has dominated the Bitcoin space for well over two years now. As a central issue, Bitcoin’s one-megabyte block size limit was often insufficient to include all transactions on the network. This ultimately led to the replacement of this block size limit for a block weight limit through SegregatedWitness, allowing for up to four megabytes of transaction data. And a group of Bitco

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SegWit2X and the Case for Strong Replay Protection (And Why It's Controversial)

Come November, the remaining signatories of the “New York Agreement” (NYA) plan to deploy the “SegWit2X” hard fork to double Bitcoin’s block weight limit, allowing for up to 8 megabytes of block space. Since not everyone supports this hard fork, this could well “split” the Bitcoin network into two incompatible blockchains and currencies, not unlike Bitcoin and Bitcoin Cash (Bcash) di

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