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BITCOIN PRICE: 5,473.41     HIGH: 5,610.00     LOW: 5,199.80

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Decentralized • November 14-16, 2018

After the huge success of Decentralized 2017, the University of Nicosia is proud to announce that Decentralized 2018 will take…

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Tag: bitcoin transactions

What is Bitcoin Batching?

Category: Bitcoin, Blockchain, Cryptocyclopedia, Tech

What is Bitcoin Batching?

Batching is a method used to place as many transactions as possible into the limited block space available on Bitcoin’s blockchain. Batching is important because combining multiple outputs and payments into a single operation is space and cost efficient. What is Batching? Batching multiple transactions into one transaction, therefore, creates cheaper and lower fees for everyone on the network. While cryptocurrency…

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PayPal’s High Fees May Have Given Crypto a Lifeline, but There Are Huge Challenges ahead

Category: Altcoins, Bitcoin, Business, Ethereum, Finance, News, Tech

PayPal’s High Fees May Have Given Crypto a Lifeline, but There Are Huge Challenges ahead

In what could count as a boost for propagating the adoption of cryptocurrencies, April 2018 saw Paypal – the world’s most extensive payments network – announce a fixed levy of $4.99 per cross-border transaction. However, low fees represent only one certain benefit, with other issues severely impeding the sector’s growth. Crypto’s Low Transfer Fees Paypal’s move was satirically lauded by…

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Everything You Need to Know about Bitcoin Cash’s (BCH) Hard Fork

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Tech

Everything You Need to Know about Bitcoin Cash’s (BCH) Hard Fork

The price of Bitcoin Cash (BCH) has soared considerably in the last one week. Currently, Bitcoin Cash is trading at $1,317 after it almost reached the $1,500 mark on April 23, 2018.  Bitcoin ABC This development comes as the cryptocurrency market has been experiencing something of a resurgence of late. However, the proximity of the Bitcoin Cash price climb to…

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Russia: Cryptocurrency to Fiat Transactions Exceeding $9,600 Must Be Reported

Category: Altcoins, Bitcoin, Mining, News, Regulation

Russia: Cryptocurrency to Fiat Transactions Exceeding $9,600 Must Be Reported

In the latest development, the Russian Federation announced on April 12, 2018, that all crypto transactions that exceed 600 rubles must be scrutinized. Latest Review On March 6, 2018, the Russian Ministry of Finance reportedly announced it was formulating a regulation to criminalize the use of blockchain-based virtual currencies as legal tender. Deputy Finance Minister Alexei Moiseev revealed that his…

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Pakistani Suspect Arrested in UAE’s First Bitcoin Scam

Category: Bitcoin, News

Pakistani Suspect Arrested in UAE’s First Bitcoin Scam

The Criminal Investigation Department (CID) of Sharjah police arrested a suspect in the first ever reported UAE Bitcoin fraud. The perpetrator managed an alleged two million Dirham ($680,625) worth of bitcoin in the scam. Transaction Confusion The Sharjah Police received a report from an Indian citizen claiming to have purchased bitcoin from a Pakistani national also living in the UAE….

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Coinfinity completes World’s First Lightning Network transaction on Bitcoin ATM

Category: Bitcoin, News, Tech

Coinfinity completes World’s First Lightning Network transaction on Bitcoin ATM

Coinfinity, an Austria based cryptocurrency startup, has accomplished the first ever bitcoin transaction via the Lightning Network (LN) through a Bitcoin ATM. The historic off-chain bitcoin transaction was completed at the Cofinity office marking a historic achievement. The Coinfinity blog stated “To establish a connection to the lightning network, a payment channel was funded through this transaction. For this early…

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A Beginner’s Guide to Newcomer RaiBlock

Category: Altcoins, Bitcoin, Blockchain, Cryptocyclopedia, News, Tech

A Beginner’s Guide to Newcomer RaiBlock

Since the release of bitcoin in 2009 and by extension, the cryptocurrency ecosystem, have both come a long way. Tossing aside the inevitable discussion about bitcoin’s, which reached astronomical highs in 2017, the past year was also a significant one regarding feature additions and quality of life improvements for the digital currency. The introduction of Segregated Witness (SegWit), for example,…

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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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Fee Market Kicks in with Weird Consequences

Category: Bitcoin, Blockchain, Commentary

Fee Market Kicks in with Weird Consequences

Bitcoin knocks at its capacity limits. After the Mempool did not empty at the weekend for the first time, the traffic jam on the Blockchain might become a permanent state. Full capacity already bears weird results, like that you can buy faster confirmations with credit cards. What can be done? Is there help in sight? By itself it is no…

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