Bitcoin Transactions Will Double By 2017, Research Finds
A new report from Juniper Research forecasts that the number of bitcoin and altcoin transactions will more than double by 2017 to 56 million, up from 24.7 million in 2014 and 18 million in 2013. The finding is part of a new report from the market intelligence firm that analyzes the volume and value of transactions in the cryptocurrency markets and predicts the value of all bitcoin and altcoin transactions will fall by 58% in 2015, to just over $30bn. Still, Dr Windsor Holden, head of consultancy and forecasting at Juniper, suggested that those who read the report should scrutinize its more....
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Verisign patent application for a technology to prevent double spending can make bitcoin payments more efficient. Verisign, a digital signing and security solutions provider has recently moved to patent a technology that prevents double spending. The technology in question can effectively detect and prevent digital assets like bitcoin and other cryptocurrency from being double spent, thus protecting the interests of the receiver. Most digital currencies work using a single use cryptographic key. This key can be transferred only once for the transaction to be considered valid. When multiple....