How Bitcoin Exchange Market is Preparing for Hard Fork

How Bitcoin Exchange Market is Preparing for Hard Fork Bitcoin exchanges are preparing for a potential hard fork execution of Bitcoin Unlimited. While most major Bitcoin exchanges including BTCC, Bitstamp and Bitfinex have clarified their stance on the hard fork contingency, some regional exchanges such as Korbit and HitBTC haven’t come to a consensus in…

Bitcoin Developers Propose Changing Proof-of-Work Algorithm

Bitcoin Developers Propose Changing Proof-of-Work Algorithm As the Bitcoin’s scaling debate intensifies, many people are choosing sides and thinking of solutions that best suit their subjective opinions of how the network should operate. Now discussions on Bitcoin’s blockchain possibly forking has caused some people to consider trying to change the digital currency’s Proof-of-Work consensus mechanism. Bitcoin…

Why bitcoins are a bit risky

Why bitcoins are a bit risky While bitcoin usage could increase, it is not a substitute for normal currency “Bitcoin value hits a life-time high,”; “bitcoins are now more expensive than gold,”; “Winklevoss twins make a bid for an exchange traded fund based on bitcoin.” Headlines such as these are making everyone sit up and…

Hold ’em, don’t fold ’em: how to bite Bitcoin pools

Hold ’em, don’t fold ’em: how to bite Bitcoin pools Bitcoin’s reward mechanism is based on publishing a solution to the block chain. What if an Evil Genius™ reversed this, and rewarded miners for withholding their solutions? The simple answer: a pool of miners in which an Evil Genius™ withheld solutions would collapse. The surprise…