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Africa Blockchain Conference 2018 • May 23-24, 2018

Organized by The Blockchain Association of Uganda, with support from the Government of Uganda, the Africa Blockchain Conference will concentrate…

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Tag: miners

Global Bitcoin Mining Industry Set to Bring in $4 Billion Per Year

Category: Bitcoin, Business, Mining, News

Global Bitcoin Mining Industry Set to Bring in $4 Billion Per Year

When Bitmain claimed that it is valued at several billions of dollars by its investors including leading venture capital firms IDG and Sequoia, the cryptocurrency communities were taken by surprise. However, that is because only a small portion of the community are aware of the revenues the global Bitcoin mining industry generates. Chris Burniske, a prominent crypto analyst, the founding…

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Coming to your Altcoin soon: Lack of Capacity Causes Congestion on Ethereum

Category: Blockchain, Ethereum, News

Coming to your Altcoin soon: Lack of Capacity Causes Congestion on Ethereum

The problem is well known for Bitcoin; there are more transactions than miners can confirm. Now the shortage has reached Ethereum. Especially after popular ICOs, like Status’, the transaction volume is far beyond the network’s capacity. This problem could be easily solved. The miners, however, resist. Actually, Status is not much more than an Ethereum wallet for a mobile system….

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SegWit2x Alpha is Out: More than 75 percent of Blocks Signal Support

Category: Bitcoin, Blockchain, News, Tech

SegWit2x Alpha is Out: More than 75 percent of Blocks Signal Support

On June 16, Jeff Garzik announced the Alpha release of SegWit2x. After all, miners who have signed the agreement started to signal for its activation, SegWit2x is nearly instantly backed by more than 75 percent of the hash rate. The activation of SegWit, it seems, is safe – while the hard fork, which is part of the packet, is not….

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UASF: The Revolt that Will Not Happen

Category: Bitcoin, Blockchain, Commentary, News

UASF: The Revolt that Will Not Happen

The User-Activated Soft Fork (UASF) wants to enforce SegWit against the will of the miners. After the movement had gained a growing momentum, it had to gulp serious drawbacks in the past weeks. Neither exchanges, miners nor Core developers stand behind it. Is this the end of the self-declared user’s revolt? Basically, the whole UASF story is about the question…

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Bitcoin’s Dominance Wanes: BTCManager’s Week in Review March 27

Category: News, News Digest

Bitcoin’s Dominance Wanes: BTCManager’s Week in Review March 27

The Bitcoin Dominance Index touched fresh lows during the week beginning March 20, with most altcoins surging and BTC-USD bears tried to subdue the cryptocurrency below the $1000 level. Since March 10, the Bitcoin Dominance Index has been in freefall, recovering slightly to 68 percent on March 27, shown below. Altcoins have made strong gains but there is debate within…

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Probability of Bitcoin Unlimited Hard Fork Execution: Where It Is Now

Category: Bitcoin, Blockchain, Commentary, News

Probability of Bitcoin Unlimited Hard Fork Execution: Where It Is Now

The majority of the Bitcoin community believes a hard fork execution will not occur anytime soon. Experts and developers including Andreas Antonopoulos, BitGo engineer Jameson Lopp and Charlie Shrem have noted that Bitcoin Unlimited is not ready for production and its policies toward closed development are not being supported by the market. Over the past few weeks, the Bitcoin Unlimited…

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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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Satoshi Roundtable Review: Majority Supports SegWit, Roadmap Ahead

Category: Bitcoin, Commentary, News

Satoshi Roundtable Review: Majority Supports SegWit, Roadmap Ahead

In late January, developers, CEOs, investors, early adopters and influencers of Bitcoin and blockchain technology met at a private resort in Mexico with the absence of media members or partners to freely discuss issues and topics frequently brought up within the Bitcoin community. Representatives from the bitcoin industry, mining and development communities came together at the invite-only event organized annually…

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