Thinking in Transactions
This post is also in issue 18. Every Bitcoin transaction runs a small program that describes under which conditions the transaction is valid. This surprising behavior can be exploited to construct a variety of contracts on top of bitcoin. In this article you will learn how basic transaction scripts work in principle. A new transaction is valid if the....
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If you are a board member, a CFO or a CEO of a nonprofit, you owe it to your mission to study Bitcoin. The post Why Your Nonprofit Should Be Thinking About Bitcoin appeared first on Bitcoin Magazine.
The president of PayPal says he's intrigued by bitcoin and is thinking about adding the digital currency as a funding instrument for the popular online payments processor. "I've been spending a lot of time looking at it (bitcoin), and it's truly fascinating the way the currency has been designed ... ," David Marcus said in an interview with Bloomberg TV. "For us at PayPal, it's just a question of whether bitcoin will make its way to PayPal's funding instrument or not ... we're kind of thinking about it." Reaction to the announcement within the bitcoin community was generally positive. "It....
The U.K.’s Financial Conduct Authority (FCA) is thinking about approving a number of blockchain companies as it actively encourages businesses to utilize bitcoin’s underlying technology. Despite the fact that some regulators are cautious over the use of blockchain technology, the U.K.’s FCA is known as the most forward-thinking. It comes as no surprise then, that in an interview with the Financial Times, Chris Woolard, the FCA’s director of strategy and competition, explained that the FCA believes that the blockchain technology has some potentially interesting applications. He said: We are....