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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: scalability

Research at University of Sydney Leads to Creation of New Blockchain

Category: Blockchain, News, Tech

Research at University of Sydney Leads to Creation of New Blockchain

The University of Sydney has revealed the creation of a new blockchain, which it believes showcases unparalleled advantages over the blockchains currently in use in cryptocurrency and business settings. The new blockchain is being developed by researchers at the university’s School of Information Technology under the Concurrent Systems Research Group. The CSRG has named the new blockchain ‘Red Belly,’ a…

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Dfinity: A Blockchain With a Nervous System

Category: Blockchain, Ethereum, News, Tech

Dfinity: A Blockchain With a Nervous System

Dfinity showed up on the scene in January 2015 as a research project and is offering a new way to organize blockchain technology, eliminating the need or possibility of a hard fork. It can accomplish this with something called a “Blockchain Nervous System”. This is a kind of governance by distributed intelligence. “It is a platform managed by a decentralized…

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Is Ethereum a Viable Alternative to Bitcoin as a Payment Network?

Category: Blockchain, Commentary, Ethereum, News

Is Ethereum a Viable Alternative to Bitcoin as a Payment Network?

The vast majority of digital currency and Bitcoin enthusiasts perceive Ethereum as a sophisticated smart contract protocol designed and structured to support unique decentralized applications. However, Social Minds founder and Reality Keys developer Edmund Edgar sees Ethereum as a viable alternative to bitcoin as a payment network, primarily due to its simple method of facilitating transactions. Processing payments on the…

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Leading Insurance Executives Expect Blockchain Debut in 2017

Category: Business, News, Tech

Leading Insurance Executives Expect Blockchain Debut in 2017

Leading chief information officers from the insurance industry are expecting some major changes in the IT infrastructure of their companies. The majority of executives who participated in a study led by The Economic Times stated that blockchain technology will most likely make an official debut in the industry by the end of 2017. However, the technology will have to overcome…

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1nd Alpha Release: Lightning Network Open to Developer Testing

Category: Bitcoin, News, Tech

1nd Alpha Release: Lightning Network Open to Developer Testing

The Lightning Network has always been seen as a solution to help alleviate the scalability problems we have seen in Bitcoin as daily transactions continue to rise. Due to the fixed block size of 1MB, Bitcoin can only handle seven transactions per second. Implementation of lightning would enable off-chain transactions with minimal fees and immediate confirmations. Talked extensively with some…

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Three Hurdles Bitcoin Must Overcome in 2017

Category: Bitcoin, Commentary, News, Tech

Three Hurdles Bitcoin Must Overcome in 2017

Bitcoin entered the New Year with a bull run reaching a peak around the $1140 level, briefly reaching parity with gold before crashing 30 percent, and recovering to around the $900 mark. For Bitcoin to continue growing regarding adoption, use, and consequently price, it must overcome the following hurdles; namely, centralization, fungibility, and scalability. Centralization and Scalability More than ever,…

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Emin Gün Sirer Launches Off-Chain Solution Teechan, Controversy on Intel Licence

Category: Bitcoin, News, Tech

Emin Gün Sirer Launches Off-Chain Solution Teechan, Controversy on Intel Licence

On December 22, four researchers from the Imperial College London and Cornell University, including professor Emin Gün Sirer, released a lightweight trusted execution environment (TEE)-based solution called Teechan, which acts as a high throughput off-chain transaction protocol on top of the original bitcoin network. Structurally and conceptually, it is similar to the Bitcoin Core development team’s Lightning Network, except for…

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The State of Average Block Sizes and Scaling Debate: An Overview

Category: News, Tech

The State of Average Block Sizes and Scaling Debate: An Overview

Industry leaders, dominant startups, and bitcoin and security experts have contributed to the on-going and seemingly neverending block size debate Bitcoin core developers including Jeff Garzik and Gavin Andressen have proposed various Bitcoin Improvement Proposals (BIPs) such as the BIP 202 and BIP 101, to increase the block size to prevent transactions from being delayed due to lack of confirmations….

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Bitcoin-NG Whitepaper Proposes A Scalable Blockchain Protocol

Category: News, Tech

Bitcoin-NG Whitepaper Proposes A Scalable Blockchain Protocol

Bitcoin-NG, a proposal that came to fruition from the works of Ittay Eyal, Adam Efe Gencer, Emin Gun Sirer, and Robbert van Renesse, recently had their whitepaper titled “Bitcoin-NG A Scalable Blockchain Protocol” published. Bitcoin-NG is a proposed blockchain protocol aimed to relieve Bitcoin of the scalability limitations that will bottleneck the use of Bitcoin and Bitcoin services shortly. Bitcoin…

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