What Does the 2018 G20 Summit Mean for Bitcoin?

What is the G20 Summit? The G20 Summit is an annual event in which representatives from the governments and central banks of the world’s wealthiest countries get together to discuss a variety of international issues, primarily pertaining to the global economy. G20 stands for “Group of Twenty,” and the group currently consists of 19 [...]

By | 2018-03-27T23:20:22+11:00 March 28th, 2018|Uncategorized|0 Comments

What is a 51% Attack and How Big of a Risk is it to Bitcoin?

Cybersecurity, Vaults, and Background of a 51% Attack Before we dive into the specifics of a 51% attack, we need to look a bit at the larger concept of security. It is important to understand that in the world of networked technologies nothing is ever totally secure. The greatest cybersecurity experts in the world [...]

Bitcoin Mempool is Clear and Transaction Fees are the Lowest They’ve Been in 6 Months – What Happened?

What is the Bitcoin Mempool? When a Bitcoin transaction is initiated, it needs to be verified by the Bitcoin network before it can actually go through and be processed. In order to be verified, a miner needs to add the transaction into a new block, broadcast that block to the network, and the majority [...]

By | 2018-03-01T01:25:01+11:00 March 1st, 2018|Bitcoin, Blockchain|0 Comments