Tag: network

Bitcoin Network Hashpower Dips Slightly After Price Drop

Over the past few weeks, a lot of people have been paying close attention to the overall hashrate pointed at the Bitcoin network. With BitFury deploying their new data center in Georgia, the network hashrate spiked to unseen heights. Now that the price has dropped off by a fair bit, the hashpower is declining as well. No reason to panic yet, although 200 petahash has suddenly gone missing. Also read: …
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Shorter Bitcoin Block Time Due To Hashrate Spike Is No Reason For Concern

People who have been paying close attention to the overall hashrate pointed to the Bitcoin network will have noticed the numbers increased by 50% over the past week. Part of this growth can be attributed to the new BitFury data center in Georgia, which makes use of the country’s cheaper energy solutions to bring additional mining hardware online. Some people are worried about the number of network blocks being generated …
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Bitcoin is Leading The Disruption of Financial Services Industry

According to a new research report titled ‘Horizon Scan: ICT and the Future of Financial Services‘, the potential for industrial disruption within the financial services industry is increasing as new entrants use digital technologies to enter adjacent markets through payment schemes. As a result, it explores the implications and provides an in-depth understanding of the emerging ‘Networked Society.’ The rise in popularity of cryptocurrencies is an indication of the early stages of the …
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5 reasons why Bitcoin kicks SWIFT’s ass

5 reasons why Bitcoin kicks SWIFT’s ass There has been a lot of buzz and hype around the fact that Bitcoin is a better payment protocol network than the already established method of cross border payments called, SWIFT. Is it just another smart marketing stunt or is there any truth behind the hype? Let’s examine this for ourselves. First, let’s highlight how both of these payment networks work in order …
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