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Bitcoin Fees Climb 150% in 3 Days as Block Space Grows More Expensive
9.11.2023
Transaction fees within the Bitcoin network have surged considerably, eclipsing the figures recorded merely three days prior. A transfer deemed high-priority, which formerly cost an average of $3.38, now demands a fee of $8.46. This significant increase was recorded on Thursday, November 9, 2023...
Bitcoin Network Shatters Records With Hashrate Climbing to 464 EH/s
1.11.2023
While the price of Bitcoin has found stability, and the network’s difficulty remains fixed at 62.46 trillion until November 12, 2023, a different story unfolds in the hashrate department. Here, the seven-day average showcases a record-breaking moment for the network on November 1....
Centralized Mining Pools ‘Antithetical to the Ideals That Gave Rise to BTC and the Blockchain Movement’ — Tomer Afek
22.10.2023
The apparent centralization in both proof-of-work and proof-of-stake protocols is “tragic because it’s antithetical to the cypherpunk ideals” that birthed the the bitcoin and blockchain movement, Tomer Afek, the CEO at the crypto platform Spacemesh, has argued. To back this assertion...
Bitcoin Might Get Ethereum-Style Smart Contracts Under ‘BitVM’ Plan
11.10.2023
The goal of BitVM is to enable Turing-complete Bitcoin contracts without making the network more complicated for other users
Bitcoin Miners Brace for Increased Challenge as Network Difficulty Hits New High of 57.32 Trillion
3.10.2023
On October 3, 2023, at block height 810,432, the Bitcoin network experienced its second consecutive difficulty increase since September 19. The challenge of uncovering block rewards escalated as the difficulty reached a new pinnacle, rising by 0.35% to 57.32 trillion on Tuesday. Bitcoin Network...
Friend.tech look-alike ‘Alpha’ emerges on Bitcoin network
21.9.2023
A new social token network called Alpha has emerged rivaling the popular Friend.tech platform but built on top of the Bitcoin blockchain
Building Trust in the Bitcoin Network in El Salvador
12.9.2023
Interlay Launches MVP of BOB, A New Bitcoin Layer 2 Bridge For Cross-Chain Token Transfers to the Bitcoin Network
30.8.2023
On August 29, the team behind decentralized Bitcoin infrastructure provider Interlay unveiled the Minimum Viable Product (MVP) of its BOB ("Build on Bitcoin") solution, a new Bitcoin layer 2 network.
As a hub for innovation and decentralized application development, BOB integrates Rust smart...
As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn
21.8.2023
Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions represented a hefty 53.9% of all transaction...
Ordinals still make up majority of Bitcoin txs despite price collapse
21.8.2023
Bitcoin Ordinals appear to be alive and kicking with nearly 85% of network activity dominated by inscriptions and BRC-20 minting on Aug. 21
Bitcoin Network’s Inherent Properties Can Be Leveraged to ‘Enhance the Security of PoS Chains’ — Babylon Chain CTO
11.8.2023
Fisher Yu, the co-founder and chief technology officer (CTO) at the bitcoin staking protocol Babylon Chain, has argued that when staking bitcoin, stakers “do not need to trust or give their bitcoins to any third parties.” According to Yu, such an attribute helps to “eliminate...
Bitcoin Network Adjusts: Mining Difficulty Rises 0.12% to 52.39 Trillion
10.8.2023
Bitcoin miners saw a slight increase in mining difficulty on August 9, 2023, at block height 802,368, as the difficulty rose 0.12% from 52.32 trillion to 52.39 trillion. Over the last 2,016 blocks, miners recorded an average hashrate of about 376.5 exahash per second (EH/s). Miners Experience...
Bitcoin’s Historic Surge: Record 682,281 Transactions in a Day Mark 2023 as Year of Increased Activity
6.8.2023
In a year marked by historic milestones, the Bitcoin network has recorded its most active period ever, processing the highest number of confirmed transactions per day. The network reached an all-time high on May 1, 2023, with 682,281 transactions. This unprecedented activity began its upward trend...
Bitcoin Network’s High Difficulty Levels Poised to Ease Amid Longer Block Intervals
24.7.2023
Upon achieving an unprecedented all-time high on July 11, 2023, soaring to a staggering 53.91 trillion, Bitcoin’s difficulty is poised to decline by an estimated range of 3.9% to 4.04% come July 26, 2023. Block generation periods have been lagging behind their typical ten-minute average...
Bitcoin block 800,000 mined — What’s next?
24.7.2023
Tick tock, next block. The Bitcoin network passed block 800,000 with less than a year to go to the next block reward halving
Bitcoin ETFs Can ‘Act as a Gateway to Crypto for Many’ — Mintlayer CEO Enrico Rubboli
22.7.2023
According to Enrico Rubboli, the CEO of Mintlayer, Bitcoin exchange-traded funds (ETFs) can potentially act as “a gateway to crypto” for users who are likely to eventually show greater interest in the underlying asset. Rubboli argued that while bitcoin maximalists may view Blackrock...
New Research: Bitmain's S19 Miners Hold Majority of Bitcoin Network Hashrate
12.7.2023
Bitcoin’s energy efficiency has been a concern over the years as mining activities consumed rather massive amounts of electricity.
Part of this resulted from the machines miners use, which have a high energy consumption.
According to a new report by Coinmetrics, three Bitcoin mining rig models...
New Research: Bitmain's S19 Miners Hold Majority of Bitcoin Network Hashrate
12.7.2023
Bitcoin’s energy efficiency has been a concern over the years as mining activities consumed rather massive amounts of electricity.
Part of this resulted from the machines miners use, which have a high energy consumption.
According to a new report by Coinmetrics, three Bitcoin mining rig models...
Bitcoin’s 2024 Halving Presents New Challenges: A Deep Dive Into the Future of Mining Rewards
7.7.2023
As we wrap up the initial six months of 2023, the Bitcoin network inches closer to a significant milestone — the impending block reward halving, which lies just under 300 days ahead. Projections indicate that this event is slated to take place between April 21 and 27, 2024, leading to...
New BRC69 Token Standard Promises 90% Savings for Bitcoin’s Ordinal Inscriptions
5.7.2023
While Ordinal inscriptions continue to rise, nearing the 15 million range, a new token standard was revealed on July 3 called BRC69. According to the creators of the concept, it can reduce the costs of inscriptions for Ordinal collections by over 90%. The launchpad Luminex, which announced...