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Cryptocurrency enthusiasts were not surprised to find out various central banks and governments want to issue their own digital currency in the future. In the United States, this initiative is known as Fedcoin. The idea was first proposed in 2014 by JP Koning. Fedcoin will not necessarily be a threat to bitcoin anytime soon, yet it is worth looking at what t…
The Large Bitcoin Collier (LBC) -not to be confused with LocalBitcoins - is a decentralized network of computers looking to utilize the collective computing power to find a collision of private Bitcoin keys. Its name pays homage to the Large Hadron Collider. Essentially this project is looking to challenge the notion that it is “impossible” to break into a B…
Cryptocurrency enthusiasts will often hear how miners have to provide more powerful hardware to keep up with the mining difficulty. To some people, this may sound strange, as the mining difficulty doesn't become more difficult in the traditional sense. The difficulty is a unit of measurement designed to indicate how difficult it is to find a hash below the g…
There has been quite a lot of controversy regarding Bitmain's ASICBOOST technology over the past few days. This technology allows the company to use a flaw in the bitcoin mining protocol to gain a competitive advantage over their competitors. However, there are some some claims ASICBOOST only works with a specific type of scaling proposal. It is time we dive…
Decentralized applications also known as DApps, are the next logical step in the evolution of technology. A decentralized application is similar to a smart contract on the Ethereum blockchain, yet it also has key differences. Unlike smart contracts, Dapps do not need to revolve around finance but can leverage blockchain technology for any purpose that comes…
