Now we know Bitcoin will officially activate SegWit, it's time to take a look at what that means for users. Developers of the Lightning Network and "payment channels" say this will make everyday transactions faster and cheaper, and make bitcoin micropayments possible again. Also read: Bitcoin Gets SegWit. Is the Great Scaling Debate Now Over? All technical debates aside, … [Read more...] about Jackson Palmer Explains: Payment Channels and Lightning Network
SegWit
Bitcoin Gets SegWit. Is the Great Scaling Debate Now Over?
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It's official: Bitcoin has locked in SegWit. The long-awaited first protocol upgrade to address transaction capacity will now become functional in two weeks. Also read: BTC Price Breaks More Records, as Bitcoin Cash Rises Again For Bitcoin trivia buffs, block #479707 on 8th August 2017 marked the exact point at which miner support reached the required level, within the … [Read more...] about Bitcoin Gets SegWit. Is the Great Scaling Debate Now Over?
Bitcoin Has Officially Hard Forked as First Bitcoin Cash Block Is Mined
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The Bitcoin fork is here, and the first block for Bitcoin Cash (BCC) has been mined. This has opened the door for exchanges, traders, miners, and potentially attackers to begin using Bitcoin Cash. Also read: Bitcoin Price Holds Steady in Face of Historic Hard Fork Block number 478559 on the BCC hard fork was mined by ViaBTC at 2:21 PM EST. This block contained 6,985 … [Read more...] about Bitcoin Has Officially Hard Forked as First Bitcoin Cash Block Is Mined
SegWit? Check. UASF? Check. Hard Fork? Wait and See…
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First of August, 2017 -- the day of the fork is finally upon us. "Where were you when Bitcoin split?" your grandchildren may ask. Or more likely, they won't. The BTC price currently stands around $2,870 USD, indicating the market at least doesn't fear a disaster. Also read: Trader Sues Exchange for 3,084 BTC Over Reversed Trades Let's be clear: on 2nd August, Bitcoin (the … [Read more...] about SegWit? Check. UASF? Check. Hard Fork? Wait and See…
One Week to Go Till 1st August – Do You Still Have to Worry About Bitcoin?
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There's now one week left before 1st August -- the date that was supposed to be a day of reckoning for Bitcoin. Is there still any reason to fear it? Signs say probably not, but as always it's best to be prepared. Also read: Did Someone Try to Kill John McAfee? What Happens on 1st August and Why? Going over some background: 1st August was the day a number of conflicting … [Read more...] about One Week to Go Till 1st August – Do You Still Have to Worry About Bitcoin?