How China’s Evolving Internet Will Impact Bitcoin Users
One of the major topics of concern regarding the Bitcoin block size debate has been how the Internet infrastructure in China is evolving over time. With its current data caps and fairly slow speed – compared to the rest of the world – bigger Bitcoin blocks are not something Chinese pool operators and digital currency enthusiasts are looking forward to.....
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The Consumer Electronics Show for 2016 is just around the corner, and a lot of eyes will be on how the technology industry will keep evolving throughout the next few years. These evolutions are of great importance to the Bitcoin community as well. With more and more internet-connected devices, Bitcoin adoption can thrive in due time. There are quite a few different types of internet-connected devices in existence already. Other than computers and mobile device, home automation is another market where internet connectivity plays a big role. Controlling electronics from one’s mobile device....
Web3 technology is here to revolutionize how the current internet works. Web3 achieves this by decentralizing the current framework into various pieces instead of centralized technologies. “Web3” is the name some technologists have given to the idea of an internet service built using decentralized blockchains. Why Web3? The internet is evolving; its influence on us […]
An interesting statistic was released earlier today, detailing how slightly over half of the Chinese population is now officially connected to the Internet. Despite being the world’s largest nation, Internet penetration has been a major issue in China for quite some time now. Especially mobile Internet is playing a big role in this number increase, which creates an interesting opportunity for adoption of new payment methods in the country. Internet Connectivity In China Is on The Rise. For a country that is well known for its technological prowess, the status of not having half of its....
The loss due to internet shutdowns last year is estimated to be $2.4 bln. While internet access is taken for granted in today's connected world, various governments across the world have imposed internet shutdowns. Costly Government Intervention. According to research by The Center for Technology Innovation at Brookings, shutdown of the internet, primarily short-term, by governments have caused an estimated loss of $2.4 bln last year due to loss of economic activity alone. If the secondary impact such as loss of investors, consumer confidence, taxes, etc. of internet shutdowns is....
China has the world’s largest market for digital shopping, mobile payments and Internet-enabled financial services. Close to 400 mln people in China conduct most of their payments using their smartphones. China’s overall business in information technology is a market of well above $300 bln, and it is estimated that more than 700 mln Chinese have access to the Internet. So any law impacting the online space - cybersecurity included - will make ripples in the way China does business. That’s why its new cybersecurity law - due to take effect in June of next year - is particularly alarming. It....