After Months of Tests, the Bid to Finally Scale Bitcoin is Nearing Launch
Since Segregated Witness was announced last December, it has been one of the most anticipated software releases across the bitcoin community. If it succeeds, the software patch could be the first step to growing the block size and scaling bitcoin. Yet, due to the scope of the project and the long-term implications it could have for the $7bn network, the development team is moving carefully. Despite recent assurances that segwit would launch in April, the team continues to review the software well into May. In an interview, Eric Lombrozo, CEO of Ciphrex and a spokesperson for Bitcoin Core,....
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Eighteen months and roughly $18m after it was first announced, Ethereum has launched. Arguably the most ambitious 'crypto 2.0' project to date, and the third-largest crowdfunded project of all time, Ethereum is aiming to create a new universe of programmable contracts, powered and secured by its own proof-of-work blockchain. Grand in scale and flexible by design, it aims to decentralise pretty much anything on the Internet. "What bitcoin does for payments, Ethereum does for anything that can be programmed," the site reads. This Monday, Stephan Tual, Ethereum's CCO, confirmed in a company....
After over three months of delays from all major competitors, it seems as though the race to develop the first ASIC-based Bitcoin mining computer is finally drawing to a close. Less than three weeks ago, Avalon ASIC announced a hard shipping deadline for themselves of January 19, and placed a countdown on their website. On December 28, another competitor, ASICMiner, published pictures of fully completed mining chips, and on January 3, their PR representative published a post on the Bitcointalk forums: "The samples passed all functionality tests. The power consumption is also within the....