You've probably heard a lot about the different (and rival) proposals to scale Bitcoin. But can you explain why Bitcoin needs a scaling solution in the first place? Developer and professor Nikita Zhavoronkov puts it in simple terms to set the stage for other conference speakers. Also read: The Future of Bitcoin 2017 Series: Andrew Stone on FSH Extension Blocks Zhavoronkov: … [Read more...] about The Future of Bitcoin 2017 Series: Nikita Zhavoronkov, Why Scale Bitcoin?
The Ethereum community is up in arms over delayed transactions, amid claims of "hundreds or even thousands" of pending transactions. It raises questions over whether the smart contracts blockchain can scale adequately to handle thousands of new users. Also read: R3 and Singapore Testing Local Currency on Ethereum Additionally, the price of Ethereum's ether "currency" has … [Read more...] about Ethereum Users Again Question Long Transaction Delays
The blows against Bitcoin just keep coming. This time, major electronics retailer Newegg said it has started looking into Litecoin as its second method of cryptocurrency payments -- having accepted bitcoin since 2014. Also read: Bitcoin Price Inches Closer to $2000 in Unstoppable Market Rally Newegg Goes Litecoin Newegg revealed on Friday morning that it had started … [Read more...] about Newegg Chooses Litecoin as a Faster Alternative to Bitcoin Payments
Blockchain projects throughout the crypto community continue to adopt the SegWit upgrade originally proposed for Bitcoin. Meanwhile, Bitcoin itself remains frozen in its 1 MB block size, with warring factions unable to reach consensus. Also read: Litecoin Begins Activating SegWit as Block Threshold Is Surpassed DigiByte Goes SegWit During the afternoon of April 28, … [Read more...] about More Digital Currencies Activating SegWit as Bitcoin Remains in Deadlock
It looks like Litecoin will get its SegWit activation soon enough, which might scare some Bitcoiners who oppose the Core-backed upgrade. Also read: Bitcoin Unlimited Continues Losing Support as Node Count Suddenly Nosedives SegWit Locked In During the afternoon of April 26, Litecoin mined the last block it needed to begin activating SegWit. Therefore, the cryptocurrency … [Read more...] about Litecoin Begins Activating SegWit as Block Threshold Is Surpassed