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proof-of-work

Is Proof-of-Work a Major Problem for Bitcoin’s Future?

Bitcoin is a very energy-inefficient project as of right now. The proof-of-work aspect has been discussed many times over. It seems community members are now advocating to change this algorithm altogether. With mining centralization becoming a real problem, such a change is not necessarily a bad thing. The Proof-of-Work Situation Generating new Bitcoins requires dedicated … Continue reading Is Proof-of-Work a Major Problem for Bitcoin’s Future?

Cryptocurrency Exchange Nebula to Launch in March, With Unique Reputation System

Nebula, a cryptocurrency exchange which aims to provide support for cryptocurrencies that struggle to find affordable listing, will launch by the end of March with a unique reputation system. On major cryptocurrency exchanges like Binance and Bitfinex, it is difficult to find cryptocurrencies with small market valuations and shallow order books, because large cryptocurrencies tend … Continue reading Cryptocurrency Exchange Nebula to Launch in March, With Unique Reputation System

bitmain

Mining Boom: Bitmain’s Profit Over $3 Billion According to Researchers

Beijing-based start-up Bitmain now dominates the Bitcoin mining industry. Last year it is estimated the company made as much money as chipmaker Nvidia did, according to estimates from researchers at Wall Street analyst Bernstein. Based on conservative estimates, the analysts calculate that Bitmain made $3 to $4 billion in operating profit last year. Bernstein’s U.S. semiconductor team estimates … Continue reading Mining Boom: Bitmain’s Profit Over $3 Billion According to Researchers

bank of england

UK: Bank of England Researching Digital Currency, No Plans To Launch

Despite rumours to the contrary, the UK government have announced that they will not be following the likes of Venezuela in launching their own digital currency for now. Whilst the Bank of England are indeed studying the implications of centrally-issued electronic currency, a government minister has stated that there are no plans in the immediate … Continue reading UK: Bank of England Researching Digital Currency, No Plans To Launch

gdax

GDAX Announce Full SegWit Support, Network Fees Continue to Fall

GDAX, the trading arm of cryptocurrency brokerage Coinbase, announced today that they will implement full SegWit support for Bitcoin transactions in the coming days. The protocol upgrade aims to make transactions quicker and cheaper for users of BTC. GDAX Joins Coinbase and Bitfinex GDAX are the latest of the cryptocurrency industry’s major players to offer … Continue reading GDAX Announce Full SegWit Support, Network Fees Continue to Fall

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