AsicBoost Dominates Bitcoin Mining, Solving Bitmain’s 2017 Controversy

The 2017 ASICBoost controversy, which accused Bitmain of unfair mining practices, has resolved itself. Bitcoin (BTC) miners openly using AsicBoost are now comprising 63% of its network hashrate. This vindicates community concerns from 2017 that accused Bitmain of using the “covert” version of AsicBoost. The statistic was highlighted on March 9 by Bitmex Research, building […]

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New Bitcoin Core Software Update Uses Bech32 Addresses by Default

The Bitcoin Core development team today released the latest update to Bitcoin’s original software client — the nineteenth in the coin’s eleven-year history. The Bitcoin Core development team released the latest update on Nov. 24 to Bitcoin (BTC)’s original software client — the nineteenth in the coin’s eleven-year history. Releasing Bitcoin Core 0.19.0 (eventually 0.19.0.1 […]

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Bitfinex Adds Bitcoin Bech32 Support — Hints at Lightning Network Next

Bitfinex adds Bitcoin bech32 address deposits and withdrawals as its the exchange’s CTO hints at integrating Lightning Network in the near future. Major global crypto exchange Bitfinex now supports Bitcoin (BTC) bech32 addresses generation and deposits to bech32 addresses. Following the launch of Bitcoin withdrawals on bech32 addresses on Oct. 29, Bitfinex officially announced on […]

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SegWit, Explained

SegWit is an often misunderstood concept in the blockchain sphere, and for those just now entering, it’s crucial to get it right. Are there downsides to SegWit? SegWit is associated with Bitcoin and its core principles, so its strengths and weaknesses will vary depending on who is observing it. SegWit’s ability to give blocks more […]

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Share of SegWit-Spending Bitcoin Transactions Now Over 50%

The percentage of Segregated Witness-spending Bitcoin transactions has reached an all-time high of 50.5%. The percentage of Segregated Witness (SegWit)-spending Bitcoin (BTC) transactions has reached 50.5%, or an all-time high, according to transactionfee.info statistics. SegWit solution to Bitcoin transactions  SegWit is a proposed update to the Bitcoin Core, which is designed to reduce processing and […]

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Blockchain.com Wallet Seeking New $50M Funding Round: Report

Unidentified parties tell mainstream media the wallet provider wants to buy equity and cryptocurrency. Cryptocurrency wallet and statistics resource Blockchain (formerly Blockchain.info) is reportedly raising $50 million in a new funding round. According to Yahoo! Finance citing two anonymous sources on Sept. 4, Blockchain is already negotiating the cash, which it will use to invest […]

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