Tag Archives: bitcoin network

According to a study by CoinShares, Chinese miners already account for about 2/3 of the total computing power of the bitcoin network… In addition to the fact that the miners from the Middle Kingdom own the largest shares of the hash rate, they are gradually increasing their entire presence in the market. Researchers say that over the past six months, the Chinese segment has increased from 60% to 66%, attributing this growth to the introduction of new, more advanced equipment for manufacturing. Companies such as Bitmain, Canaan and MicroBT are the largest ASIC manufacturers in the world and they are all located in the Middle Kingdom, which is beneficial for local miners.. According to head Chris Bendixen, CoinShares Research Department, the increase in computing power allows the Chinese to find solutions to mathematical equations to close new blocks earlier and more often than competitors, which increases efficiency.. The company also…

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Bitcoin SV blockchain recently processed the largest block of 369 MB to date. By according to the TaalBlockchain company that carried out its closure.. Such a huge volume was collected as a result of competition among users who deliberately tried to carry out as many operations as possible on the BSV network in order to test its capabilities.. What is Bitcoin SV? BSV Bitcoin focuses on the volume of blocks, not their number, so as not to limit users to frames. This allows you to process any volume of transactions without overloading your work. The following way of such a mechanism is to reduce the amount of commission fees for miners. However, amid the downturn in the Bitcoin network after halving, such a move by an attractive public and after a record block, the BSV network hash rate almost doubled, from 1.1 EH / s to 2.15 EH / s text: Ivan Malichenko,…

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According to the publication of the Libra Association, the cryptocurrency project has been functioning and developing for 5 months… Michael Engle, one of the developers, wrote in his blog, that since September, more than 51 thousand transactions have been made on the Libra testnet and 34 projects have been developed, including 10 wallets and 11 clients. Why Facebook’s Libra Cryptocurrency Is In Trouble The Association also launched a preliminary network. for experimentation. 7 nodes have already been implemented in it and 14 more are in the process of preparation. With the help of the published information, the Libra team hopes to attract new blockchain developers and tell them about the progress of the project, the available tools and future prospects.. Earlier, the association also launched the Bug Bounty program, the remuneration of which depends on the number of errors and can reach $ 10 thousand.. text: Ivan Malichenko, photo: Shutterstock Articles…

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On September 8, two crypto enthusiasts began a discrete contract on the Bitcoin mainnet to automate a 1 BTC dispute. Before smart contracts are commonly associated with Ethereum, EOS, TRON and other similar platforms, as bitcoin has so many intricacies in favor of security. The Suredbits team is actively developing this area… Adding technology to Nicholas Dorier and Chris Stewart to bet on the winner of the upcoming US presidential election using DLC ​​and the Outcome Observer as a third-party oracle who will also pass on the signature to receive the winner’s win following the official announcement of the results in March 2021. If a candidate who has no stakes wins in the race for power, then after confirming the results, the oracle will return the stakes.. According to the developers, many underestimate the possibilities of this type of smart contracts based on bitcoin, but as this direction develops, new…

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