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How to Decide What Size Bitcoin Transaction Fee to Attach

The choice to attach a small fee for miners every time you send bitcoins is slowly going from voluntary to mandatory. Miners are already taking longer to confirm transactions that lack sufficient fees.

SegWit Goes Beyond Scaling Bitcoin

FreeImages.com/Leszek Soltys

Segregated Witness (SegWit) does more than condense transaction data that goes into the Bitcoin block. Marek “Slush” Palatinus, architect of the hardware wallet Trezor, pointed this out when he said:

“Segregated Witness is not just about scaling. There are other issues with Bitcoin under the hood, and SegWit opens potential for applications and use-cases that are not possible today. For those who think only bigger blocks will save Bitcoin’s exchange rate this is important to understand.

Four Lessons to Learn From the Ethereum Hard Fork

Someone exploited a code loophole on the Decentralized Anonymous Organization (DAO) and hijacked close to $50 million. It took an Ethereum hard fork to claim back the funds.

Public and Private Blockchains: There is A Place For Both

Everyone is building a blockchain solution.

Ok, not actually everyone. But many have fallen in love with the Bitcoin code; some are copying it, and others are building on top of it.

The first copycats of the blockchain resulted in basically complete clones of Bitcoin. That’s how altcoins like Litecoin, Dogecoin and Namecoin came into existence.

A lot has happened since.

Here are Answers to Questions You Might have on DAO

As June 2016 got underway, there was a new attraction in the crypto space.

And that was DAO (Decentralized Anonymous Organization). This entity had raised about $150 million from excited investors online.

Everyone couldn’t wait to see it go live. And then the unexpected happened. On the 16th June 2016, a hacker exploited weakness on a single line of its code and siphoned out about $50 million of the funds.

The Bitcoin Community Blasts Nathaniel Popper Over NPR’s Podcast

Image: Planet Money, NPR, screenshot

Does the name Nathaniel Popper ring any bells?

He is the author of Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money.

It’s time to introduce you to a new way to buy Bitcoin

We are proud to launch Bitcoin.com.au in partnership with over 1200 retail outlets to provide you with the most convenient way to buy Bitcoins in Australia. We have created the safest, fastest and most trusted Bitcoin exchange in Australia.

Why Social Media on Decentralized Peer-to-Peer Networks Might be the Way Forward

Source: Coindesk.com

“We are not the customers of Facebook, we are the product. Facebook is selling us to advertisers.”- Douglas Rushkoff, media theorist and writer.

Most of us can’t imagine life without social media, it’s the first place we visit in the morning and the last place we report to before falling asleep. It’s fun and exciting to link with relatives, friends and strangers at a very personal level throughout the day, and it doesn’t matter what side of the world they are in. Social media has afforded us connectedness that we’ve never experienced before as human beings. Even better, the service is free (apart from the data, of course). So, what exactly is the cost?

Four Areas that Differentiate between Public and Private Blockchains

In the beginning, there was one blockchain (the Bitcoin Blockchain). Then came a second blockchain, and another – Now there are many, and more are being created as we speak. While they all share the same basic structure, these blockchains are quite unique. One division is between the public blockchains, known as ‘permission-less’ and private blockchains, known as ‘permission-ed’.