Last month’s events brought to the fore once again the question of the real-world identity of Satoshi Nakamoto. At the Deconomy blockchain conference that took place between 3 and 4 April 2018 in Seoul, South Korea, Ethereum co-founder Vitalik Buterin called speaker Craig Wright, an Australian computer scientist and businessman, a ‘fraud’ who didn’t [...]
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 [...]
The world of blockchain technology and cryptocurrencies has come a long way in one decade. Bitcoin’s humble beginnings in 2008 paved the way for a new class of digital assets and birthed what has become one of today’s most promising and innovative technologies: the blockchain. Hundreds of new cryptocurrencies and blockchain platforms have emerged in [...]
Written by Jason Deign If you’re interested in delving into the world of Bitcoin, then you’re probably thinking of it as a possible investment venture. And it’s true that the world’s first decentralised digital currency has risen massively in value since it was launched in 2009. But Bitcoin is also a currency like any [...]
At the core of Bitcoin is its unique way of organizing and storing transaction data, called the blockchain. While there are various iterations of it, this technology is a central aspect of almost all cryptocurrencies. Bitcoin pioneered the concept of the blockchain, paving the way for a multitude of innovative projects both within and beyond [...]