Bitcoin Unlimited to Provide “Several Hundred Thousand Dollars” for Bitcoin Projects
Peter Rizun, known to many simply as “Peter R.,” made a recent summary post on Medium outlining a way for projects which aim to scale within the framework of Bitcoin Unlimited. Bitcoin Unlimited is an ongoing fork of the Bitcoin project which allows for larger blocks. It is an answer to an ongoing debate about how the scaling of Bitcoin should take place, albeit not the most popular. The fundamental rift in the debate is whether third-party products such as Lightning Network should become the primary mode of Bitcoin transfers in the future, or if the core software itself should simply make....
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The team behind a long-contentious proposal to upgrade the bitcoin protocol has announced it is making new funding available for research. In a blog post today, the Bitcoin Unlimited team revealed it has "several hundred thousand" dollars available to fund work it believes will help restore "Satoshi’s vision" for a global peer-to-peer digital cash system. The statements reflect criticisms of Bitcoin Core, the protocol's dominant development team, who have pushed to implement top-level networks that extend bitcoin's functionality without altering its current blockchain....
January 25, 2016 – For the first time Ever, The bitcoin network has exceeded one Exa Hash/s, or approximately 10.8 ZettaFLOPS per second, according to bitcoinwatch.com’s aggregate metric. This makes the bitcoin network around three-hundred-thousand times more powerful than the world’s fastest supercomputer, the tianhe-2 — clocking in at ~34 PetaFLOPS, and over 43 thousand times faster than every supercomputer on the TOP500 list combined. In theory, the network could be repurposed to run a neural net AI about one hundred times as powerful as a human brain. This unprecedented amount of....
It looks as if it’s already time to update Monday’s assessment of the Netherlands as one of Europe’s Bitcoin centers. According to Dutch newspaper Trouw [NL and paywall], the country’s Openbaar Ministerie, or public prosecution office, can take a suspect’s digital currency and put it in a new wallet as part of an investigation. “Once the bitcoins have been transferred to the justice ministry they are immediately cashed in. So far several hundred pieces of the virtual currency have been confiscated, worth several hundred thousand euros.”
Bitcoin Unlimited takes off as Core blocks mined drop below 90% for the first time, indicating that Bitcoin may be forked, increasing the block size limit. Attempts to raise the block size limit have been made in the past, the latest of which before Unlimited, Bitcoin Classic, reached 70 blocks per 1,000 at its height before slowly declining. This month, Bitcoin Unlimited, which would allow the block size to be increased, took off, fast approaching 10% of Bitcoin blocks mined per thousand. Added to Classic’s roughly 30 (and declining) blocks and Core’s block share has dipped below 880.....
PRESS RELEASE.
Bastyon as the Web 3.0 Social Platform
Most crypto projects are nothing but cones of a few successful coins. Bastyon, on the other hand, is a fast-growing social platform that combines elements of Youtube, Twitter and Torrent; it recently passed four hundred thousand users and growing fast. Bastyon is built on the premise that social media should be Web 3.0, decentralized with an open-source code, distributed node infrastructure and no corporate entity to control it, like the Bitcoin model. In Bastyon the users enjoy the content and moderate that....