Category Archives: Bitcoin Technology

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Increased SegWit Adoption May have Finally Solved Bitcoin’s Fee Problem

Increased SegWit Adoption May have Finally Solved Bitcoin’s Fee ProblemA couple months after two of the largest cryptocurrency trading exchanges, Bitfinex and GDAX, finally adopted the bitcoin SegWit protocol, transaction fees for the currency are finally back to reasonable levels. Bitfinex, on February 20 2018, announced support for bitcoin deposit and withdrawals using P2SH Segregated… Read More »

Think ‘Heretical’ Thoughts: Mike Hearn tells Bitcoin Cash

Think ‘Heretical’ Thoughts: Mike Hearn tells Bitcoin CashEarly Bitcoin developer Mike Hearn isn’t coming back to the open-source community, but he does have some thoughts on what has transpired since he cut ties with the project in 2016. Hearn — who now develops distributed ledger technology (DLT) at banking consortium startup R3 — conversed at… Read More »

Mysterious Developer bitPico Claims Responsibility for Lightning Network DoS Attack

Mysterious Developer bitPico Claims Responsibility for Lightning Network DoS AttackMysterious Bitcoin developer bitPico has confirmed rumors that they have launched an attack against the Lightning Network’s nascent mainnet implementation. The pseudonymous individual or group made the announcement on the bitPico Twitter account, describing the attack as a “stress tool” for the LN software — which… Read More »

Bitcoin Gloom? Cheer Up People. Things Are Moving Forward!

Bitcoin Gloom? Cheer Up People. Things Are Moving Forward!Apparently the community sentiment towards cryptocurrencies is darkening, yet again, due to the recent price drops. The culprit behind these massive sell orders? You already know the answer, Mt. Gox creditor. Google trends quickly show how the community is reacting to the recent events: people’s interest is… Read More »

PayPal Files Patent to Improve Cryptocurrency Transaction Times

PayPal Files Patent to Improve Cryptocurrency Transaction TimesThe post PayPal Files Patent to Improve Cryptocurrency Transaction Times appeared first on CCN PayPal has filed a patent for a system designed to improve the speed of cryptocurrency payments. Documents filed with the US Patent and Trademark Office (USPTO) on March 1 show that the payment processing… Read More »

Public Blockchain On-Chain Scaling ‘Degrades Decentralization’: Microsoft Researcher

The post Public Blockchain On-Chain Scaling ‘Degrades Decentralization’: Microsoft Researcher appeared first on CCN A team of Microsoft blockchain researchers has concluded that on-chain scaling — a method employed by Bitcoin Cash and other cryptocurrencies — is antithetical to decentralization and will not provide a network with the ability to operate at “world-scale.” On-Chain Scaling… Read More »

‘Zap’: Developers Release Lightning Network Beta Wallet

The post ‘Zap’: Developers Release Lightning Network Beta Wallet appeared first on CCN Developer Jack Mallers has announced that Lightning Network wallet Zap is ready for testnet use with its Beta release on Monday. The project has been open-source since its inception, but the release of Zap aims to make transacting on the Lightning Network… Read More »

Bitcoin Atom: Exchange Disrupter?

The post Bitcoin Atom: Exchange Disrupter? appeared first on CCN Bitcoin Atom (BCA) cut itself from the original Bitcoin blockchain in another controversial hard fork (a hard fork is a permanent software divergence from the previous version of the blockchain). Bitcoin Atom introduces the Atomic Swap as a means to potentially disrupt the current exchange-based buying… Read More »

‘Testnet Is So Boring’: TorGuard Accepts Bitcoin Mainnet Lightning Payments

The post ‘Testnet Is So Boring’: TorGuard Accepts Bitcoin Mainnet Lightning Payments appeared first on CCN Virtual private network (VPN) service TorGuard has begun accepting Lightning Network payments on the main bitcoin network, even though the technology has yet to receive an official production release. TorGuard made the announcement on Twitter, stating that “testnet is… Read More »