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Dogecon • June 21-24, 2018

Dogecon Vancouver 2018 is a weekend celebration of the social layer of crypto culture, embracing memes and tweetstorms as the…

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Tag: scaling

What is Zilliqa And Is it a Good Investment?

Category: Altcoins, Cryptocyclopedia, Ethereum, News

What is Zilliqa And Is it a Good Investment?

The cryptocurrency space continues to expand with new blockchain projects seemingly launching on a daily basis. While many of these projects do not contribute anything of note to the cryptocurrency community, some projects are working on solving real challenges that the market is facing. Blockchain technology is being utilized in innovative ways leading to improvements in several industries, but not…

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Bitcoin’s Average Transaction Fee Decline to Lowest Level in 7 Years

Category: Bitcoin, Finance, News, Tech

Bitcoin’s Average Transaction Fee Decline to Lowest Level in 7 Years

Bitcoin transaction fees are at their lowest level since 2011. The lower fees follow on from bitcoin fees rising as high as $50 per transaction at the end of 2017, a situation that did not have much economic viability. Consider that the basic premise of blockchain technology is to enable faster and cost-effective transactions. If PayPal and other mainstream payment…

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MIT Researchers Demo a Smart Contract-powered Lightning Network for Bitcoin

Category: Bitcoin, Blockchain, News, Tech

MIT Researchers Demo a Smart Contract-powered Lightning Network for Bitcoin

The Digital Currency Initiative (DCI), a cryptocurrency and blockchain-focused research community at MIT, are demonstrating an experimental use case in the backdrop of Bitcoin’s Lightning Network that would amalgamate smart contracts with the Bitcoin network to scale further. The Lightning Network is an open protocol layer that is built on the bitcoin blockchain network, enabling faster and cheaper transactions. The…

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Bitcoin Cash’s (BCH) Eight Lane Highway is Empty, Hard Forks to 32 Lane

Category: Altcoins, Commentary, News

Bitcoin Cash’s (BCH) Eight Lane Highway is Empty, Hard Forks to 32 Lane

Bitcoin Cash (BCH) is hard forked to a 32MB block size on May 15 despite having 99 percent of block size unutilized. Liquidity issues have seen the cryptocurrency, delisted from two crypto exchanges in recent months.   Does BCH Really Need 32MB Blocks? One of the most significant challenges that Bitcoin Cash faces have to do with the fact that…

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Bitcoin Cash Hard Fork Addresses Bottlenecks around Block Size Limits and Enables Smart-Contract Scripting

Category: Altcoins, Blockchain, Commentary, News

Bitcoin Cash Hard Fork Addresses Bottlenecks around Block Size Limits and Enables Smart-Contract Scripting

Alejandro de la Torre, VP of Business Operations at BTC.com, the leading digital platform for cryptocurrency users, miners and developers explains the recent Bitcoin Cash hard fork in this guest post. You can follow him on Twitter: @bitentrepreneur. It was another hard fork day on May 15! Bitcoin Cash is creating a new blockchain with 32MB block size limits and…

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Bulletproofs can Help Bitcoin to Process Anonymous Payments Efficiently Says Developer

Category: Altcoins, Bitcoin, News, Tech

Bulletproofs can Help Bitcoin to Process Anonymous Payments Efficiently Says Developer

 Adam Gibson, a Python developer and bitcoin researcher, stated private or anonymous bitcoin transactions are large in size but can be scaled with solutions like bulletproofs. Private Transactions are Larger than Public Ones Anonymous transactions are larger in size than normal transactions. As such, most blockchain projects consider scalability as the main long-term challenge that needs to be improved as…

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Australian City Brisbane to Host a Debate Between Bitcoin and Bitcoin Cash

Category: Altcoins, Bitcoin, Commentary, News

Australian City Brisbane to Host a Debate Between Bitcoin and Bitcoin Cash

Brisbane, the capital of Australian territory Queensland, will be hosting a discussion between Bitcoin and Bitcoin Cash on May 15, 2018. Since there are many divided opinions, disagreements and confusion concerning the two technologies, Hayden O, a cryptocurrency technical analyst and trader and organizer of the meetup, will represent Bitcoin Cash and debate against supporters of Bitcoin Core’s lightning network….

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Bitcoin Developer Peter Todd Believes Lightning Network is ‘Maturing’

Category: Bitcoin, Blockchain, Business, Commentary, News, Tech

Bitcoin Developer Peter Todd Believes Lightning Network is ‘Maturing’

Bitcoin developer Peter Todd has finally praised the implementation of the long-awaited second layer scaling solution, the Lightning Network. Todd’s recent experience with the scaling solution saw him take to Twitter on April 21, 2018, when he attempted to make a payment via Bitrefill over the Lightning Network but was not successful. In the subsequent attempt with Acinq, however, the…

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Lightning Over NFC: Developer Proposal Hopes to Electrify Everyday Payments for Bitcoin

Category: Bitcoin, Blockchain, Finance, News, Tech

Lightning Over NFC: Developer Proposal Hopes to Electrify Everyday Payments for Bitcoin

Lightning Developer Igor Cota has submitted a proposal to connect Lightning with near-field communication (NFC) on April 5, to make everyday payments feasible with bitcoin. The Lightning Network is billed as Bitcoin’s most promising scaling solution, but is still in the alpha phase and lacks a simple user interface. By integrating Lightning with NFC, users could potentially make transactions using…

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Vitalik Buterin: Until Ethereum’s Scalability is Improved, “Developers Are Screwed”

Category: Blockchain, Commentary, Ethereum, News, Tech

Vitalik Buterin: Until Ethereum’s Scalability is Improved, “Developers Are Screwed”

Speaking at the Deconomy conference in South Korea on April 3, Ethereum co-creator Vitalik Buterin discarded the idea to discuss his 12-month vision for the world’s second largest blockchain, in favor of a more basic discussion on blockchain technology and its potential. Transition Is Need Of The Hour This discussion with the present Ethereum developers provided an idea as to…

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