The electricity used to power the Bitcoin network is enough to power the Czech Republic more than once over. New figures by a PwC researcher have shown that the Bitcoin network uses more electricity to keep it running than the Czech Republic, a European country with a population of over 10.5 million people. The process Read more…
As the global pension crisis worsens, millennials, are looking at novel retirement strategies, to protect their retirement security. Will bitcoin serve the purpose? Millennials’ Financial Situation Is ‘Relatively Dire’ Baby boomers, and then Generation X, popularized inflation-ridden investments and various retirement schemes that now are in crisis. Generation X had less money than baby boomers. Read more…
The Swedish Central Bank will establish a test group for its potential digital currency – the e-krona. It will run for a year and should confirm if there’s an actual need case for launching a digital krona. Testing The E-Krona Recently reported by local news, the Riksbank is ready to launch a group to examine Read more…
The deposit smart contract for Ethereum 2.0 has completed formal verification and audit of the bytecode. Continued optimizations to ETH 2.0’s beacon chain are also underway. Ethereum 2.0 is Getting Closer to Reality Formal Verification (FV) is essential to production software development. FV is a method of analyzing the code semantics to make sure they Read more…
A new Minecraft server called SatoshiQuest has been launched, providing an online treasure hunt where the prize is real bitcoin. Players pay $1 in bitcoin to play, which is pooled into a prize fund for the winner to find. Rinse. Repeat. A New Way To Mine Bitcoin Each player has a unique in game wallet Read more…
The US congress had a hearing about non-cash payment technologies yesterday. During the discussion, Tom Emmer, the Chair of the National Republican Congressional Committee, mentioned Ripple (XRP) among several other cryptocurrencies. Ripple Fans Get Excited [embedded content] US representative Tom Emmer of Minnesota’s 6th District addressed a panel of payments industry leaders yesterday at the Read more…
One of the most awaited events in the cryptocurrency space, the Bitcoin Halving, is estimated to take place about 100 days from today. On this day, the reward that miners get from adding blocks to the network will be slashed in half: from 12.5 BTC per block, as of today and the recent four years, Read more…
Bitcoin is only a decade old but it has come a long way on the path to becoming money. A couple of metrics to consider are precision of spending and unit of account status. Bitcoin Satoshi Precision Increasing When bitcoin was first envisioned back in 2009 it was largely experimental. For its first year, tens Read more…
Ethereum has had a couple of miserable years in terms of price but development on the world’s largest smart contract and dApp platform has continued. Speed and scalability are the keys for mass adoption and a solution is already being developed. Ethereum Evolution Ethereum’s infighting in 2016 and 2017 has been replaced by co-operation and Read more…
Bitcoin celebrates the 11 year anniversary of its first clear use case, a peer-to-peer trustless transaction. The first transfer happened between the wallets of now-legendary Satoshi Nakamoto and cryptographer Hal Finney. Bitcoin Transactions Picked Up Between Early Adopters Transactions were relatively slow to pick up in the early days, as bitcoin initially had to accrue Read more…