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Blockchain Brunch Hamptons White Party • August 21, 2018

 With the SEC decision on the third Bitcoin ETF likely just four weeks away. Right now, there is no better…

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Tag: bitcoin network

Game Theory in Cryptoeconomics

Category: Altcoins, Bitcoin, Blockchain, Cryptocyclopedia, Finance

Game Theory in Cryptoeconomics

Bitcoin’s pseudonymous creator(s) Satoshi Nakamoto utilized a range of scientific and economic models when he developed the world’s first digital currency. While many of these technologies already existed, it was Nakamoto’s combination of this knowledge – in conjunction with his developed distributed ledger technology (DLT) – that ushered in a new age of decentralized digital currencies. Polymath a Prerequisite Nakamoto…

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Cryptocurrency’s People-Oriented Nature Beats Traditional Monetary System

Category: Altcoins, Bitcoin, Commentary, Finance, Investment, News, Tech

Cryptocurrency’s People-Oriented Nature Beats Traditional Monetary System

At a time when central banks and other heavyweights in the traditional finance sector are busily stating reasons why bitcoin and the entire cryptocurrency ecosystem can’t function as fiat money, highly reputable serial entrepreneur Jeffrey Wernick has come up with ideas why he thinks the world’s legacy finance system is faulty. Central Banks Are not Accountable In an interview with…

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Ethereum’s Blockchain Holds as Much USD Value as All Other Blockchains

Category: Bitcoin, Blockchain, Ethereum, News, Tech

Ethereum’s Blockchain Holds as Much USD Value as All Other Blockchains

With how finicky Bitcoin (BTC) has been lately as far as transaction confirmations and the tremendous volatility going on, there are quite a few folks who are interested in cryptocurrency but quite wary of Satoshi’s creation. For good reasons as well. Heavy-Weight Flippening Contender The BTC blockchain was notoriously stubborn in making any concessions to improve its efficiency this year….

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A Guide to Mining Bitcoin

Category: Mining

A Guide to Mining Bitcoin

In this guide we explain what exactly bitcoin mining is and how to get started. What is Mining? Mining is the term used to refer to the process of bringing bitcoin into existence. While a bitcoin does not exist in a physical form, computers around the world mine bitcoin, which basically means that they verify transactions and record it onto…

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A Security Threat to the Bitcoin Blockchain?

Category: Bitcoin, Commentary, News, Tech

A Security Threat to the Bitcoin Blockchain?

In a report to be featured at the 38th IEEE Symposium on Security and Privacy in May, Aviv Zohar of The Hebrew University present findings on how an attack to the Bitcoin Blockchain can occur via the Internet’s routing infrastructure. In this paper, Zohar and his collaborators Maria Apostolaki and Laurent Vanbever, show off two ways a Border Gateway Protocol…

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Exchanges Issue Contingency Plan in Event of Bitcoin Split

Category: Bitcoin, Blockchain, News

Exchanges Issue Contingency Plan in Event of Bitcoin Split

As the likelihood of a Bitcoin hard fork increases, a document published March 17 details a contingency plan that nearly 20 exchanges plan to be a part of in the event of a split in the Bitcoin network. Exchanges include ones with massive amounts of volume, such as Bitfinex, BTCC, Kraken, and ShapeShift, as well as some lesser-known exchanges. The…

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Coinbase: Users to Pay Fees for On-chain Transactions, Internal Off-chain Transactions Still Free

Category: Bitcoin, Blockchain, Business, News

Coinbase: Users to Pay Fees for On-chain Transactions, Internal Off-chain Transactions Still Free

The Bitcoin ecosystem evolves. Coinbase, with six million users the largest exchange platform in the US, reacts to the emerging fee market and does no longer pay the transaction fee for its customers. Off-chain transactions, from Coinbase account to Coinbase account, however, are still free. Besides some minor updates in its so-called “Spring Cleaning” Coinbase also adjusts its wallets to…

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Bitcoin Core 0.14 Released: Better Performance, Faster Synchronization, and More

Category: Bitcoin, Blockchain, News, Tech

Bitcoin Core 0.14 Released: Better Performance, Faster Synchronization, and More

Bitcoin Core released version 0.14 of the reference client of Bitcoin. This release contains some significant improvements in the performance, especially when building a node. Also, it changes the mempool management, enables users to retrospectively increase the fee for a transaction and many more things. With the version number 0.14 Bitcoin Core, the reference client of Bitcoin reaches a new…

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Bitcoin Subverts Power, But this does not make it Democratic

Category: Bitcoin, Commentary, News, Tech

Bitcoin Subverts Power, But this does not make it Democratic

A sociologist from the UK analyzes in a paper, how Bitcoin can be understood as a political technology. The approach is pretty interesting – even if the result is somehow weak. Tom Redshaw is Ph.D. at the School of Social Science at the Manchester University. And when it happens that a Social Scientists analyzes Bitcoin, he doesn’t care about technology,…

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Bitcoin is Being Pushed to Full Capacity

Category: Bitcoin, Commentary, News, Tech

Bitcoin is Being Pushed to Full Capacity

Many things have been predicted to happen when Bitcoin reaches its capacity. Now, as it happens, the mempool becomes one of the most intriguing Bitcoin stats to observe. When Bitcoin blocks reach its size limit of 1MB, there is a prediction of doom and gloom. Most prominently Bitcoin developer Jeff Garzik forecasted in December 2015 the so-called “fee event” that…

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