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SegWit Goes Beyond Scaling Bitcoin

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 [...]

By | December 22nd, 2016|

Why Fungibility Took Center Stage at the Bitcoin Scaling Event in Milan

Fungibility was the central theme at the third Bitcoin scaling event, which took place on the October 9 and 10, 2016 in Milan, Italy. Blockchain experts made detailed presentations showing how this necessary property of [...]

By | December 8th, 2016|

Ethereum is Ditching PoW for PoS; What Does that Mean?

It is now not a matter of whether but when Ethereum is to switch to Proof of Stake (POS) consensus reaching mechanism. Indeed, plans seem to be at an advanced stage. And those in charge [...]

By | November 24th, 2016|

As With Bitcoin, Commercial Banks Fought M-Pesa, Then Adopted It

'First, they ignore you. Then they attack you. Then you win.' This quote is sometimes attributed to Mahatma Gandhi, and other times to the early 20th-century American trade unionist Nicholas Klein. Irrespective of who said [...]

By | October 28th, 2016|

5 Strengths of Ethereum Over Bitcoin

In what specific areas is Ethereum better than Bitcoin?   In the beginning, there was only one blockchain; Bitcoin. In the seven years since its creation, thousands have joined it. One of those is Ethereum. [...]

By | October 19th, 2016|

Understanding Lightning Networks; a Guide for Dummies

Bitcoin has one major limitation. It has a significantly low capacity to process transactions. While Visa, for example, can do up to 45,000 per second, Bitcoin can only manage a paltry seven in the same [...]

By | October 5th, 2016|