Trusted Hardware Can Help Bitcoin Scale, But At What Cost?
As 2016 comes to a close, bitcoin development remains at a crossroads. Take the long-anticipated scaling solution, the Lightning Network. An open-source project that aims to boost bitcoin's capacity to millions of transactions per second (and by extension the technology's value), it's code is nearly ready to go live. Yet, bitcoin isn't exactly ready for the change. While some form of the Lightning Network is possible to deploy today, the technical change that could pave the way for an improved version still needs near-unanimous support from miners and users or it won’t activate. (For now,....
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Intel, the largest chip-maker in the world, is looking to trusted execution environments on its hardware chips to enhance security and privacy for blockchain users. Speaking at the Tomorrow’s Transactions conference in London this week, Kelly Olson, director of the distributed ledger technology group at Intel, discussed ways it is possible to use a "secure enclave", similar to what Apple uses for its Touch ID, to increase blockchain security. Olson's group is conducting research on large-scale deployments of blockchains that could scale to several tens of thousands or....
Cryptocurrency mining hardware manufacturer BitFury on Wednesday announced a hosted mining service that will be available to all business customers (as opposed to a select few, we imagine). The company, which recently launched a seed investment fund, says that some 40 percent of all bitcoins are mined using BitFury chips, giving them an interesting and impressive track record. The move comes during a time in which self-mining with one's own hardware has become extremely cost-prohibitive, with constant hardware updates required and significant energy requirements. "We are a trusted partner....
Ghash.io mining pool website. London-based Bitcoin exchange and cloud mining services provider, Cex.io announced on Tuesday that they were lowering the maintenance cost from $0.18 to $0.105 for 1 GHS per month. This reduction in maintenance cost comes after the company upgraded its hardware for mining bitcoins in the cloud. In addition, the hardware upgrade would also enable the company to arrange the lowest possible electricity consumption costs for hosting the ASICs. Also read "Cex.io Contemplates Expansion to Scrypt ASICs: CCN Exclusive Interview with Cex.io". Maintenance Costs and....
The surge of at-home and small-scale bitcoin miners is driving new hardware offerings, hosting services and a return to the practice’s roots.
Have you lost the passphrase for an hardware wallet and looking how to recover your coins? Here is how the KeychainX recovery experts have done just that for a client. This is a trusted service provider that specializes in recovering lost crypto wallets and they can even recover funds from broken hardware drives, phones or Trezor/Ledger wallets.
Recovering a Trezor Wallet Passphrase
A TREZOR hardware wallet is a security device that protects the user from key loggers and phishing e-mail, keeping the user’s Bitcoin and crypto safe. Various hacking groups could open the....