Buterin is convinced of the need to speed up the Ethereum original network (ETH) to 100 thousand operations per second. He expressed such plans during a conversation with a representative of Abra. Moreover, the creator of Ether has identified several other key parameters, including ease of use, anonymity, as well as increased scalability of the overall network. It is necessary to add that Vitaly spoke about such necessities before, therefore some of them were implemented in the last update. "Thus, the blockchain ETH can now process up to 15 transactions per second, and we need to increase this number to…
Author: BlockchainJournal
Switzerland's largest online retailer Digitec Galaxus AG has started accepting Bitcoin and several other cryptocurrencies as a means of payment. Swiss customers of online stores Digitec and Galaxus will be able to pay for purchases Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Cash SV (BSV), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Litecoin (LTC) , TRON (TRX), OmiseGo (OMG) and NEO (NEO). If the experiment with cryptocurrency payments in Switzerland is successful, the company intends to extend this form of payment to its online stores in Germany. A new method of payment was implemented in the framework of the pilot project…
Recently, the story of the blocking of Tinkoff Bank accounts of a client who sold Bitcoin in a crypto exchanger has spread on the Internet. HYIP identified other similar cases. Actually the problem is not new. The status of cryptocurrency in Russia can not determine for several years. It is still impossible to legally withdraw a large amount to a bank account. Accounts can be blocked even for minor transfers related to cryptocurrency. Why is this happening and how to avoid it – let's look at this material. How do banks block accounts for cryptocurrency transactions? In mid-February, entrepreneur David…
In anticipation of the summer decline in the cost of electricity, the largest manufacturer of mining equipment Bitmain intends to increase production capacity in the southeastern provinces of China. It is reported by CoinDesk, citing sources familiar with the situation. Bitmain plans to place 200 thousand mining devices in regions with excessive hydropower resources, where in summer there is a seasonal reduction in tariffs. For this, the Chinese giant is negotiating with […]
Avnet has expanded the list of companies that have seen the future behind digital assets. The American company Avnet has decided to charge Bitcoin (BTC) and Bitcoin Cash payments from its partners. It is noteworthy that such a decision was made not by a startup, but by an organization that was created in 1921 and is the oldest supplier of electronic components in the USA. She is also one of the largest players in the world in this sector, entering the Fortune 500 list. The operator of payments will be BitPay, which has already established itself in various projects, including…
According to the mayor of Chicago, Emanuel Ram, the mass adoption of cryptocurrency is inevitable due to increasing global instability and financial crises in various countries. This is reported by Forbes. In his speech on the prospects for the development of the fintech industry, Ram noted the following: “National states are falling apart and experiencing crises. Cities are evolving, political systems are changing, against which we all grew up. Perhaps somewhere […]
rate Bitcoin hashrate (BTC) or computing power to ensure network security has reached levels that have not been seen since November 2018. According to Blockchain.com, on March 19, the network hashrate exceeded 52 quintillant hashes per second. Accordingly, the higher the hashrate, the more resources are needed for a successful attack on Bitcoin. Also, increasing the hashrate leads to the accession of new miners to the network. Due to the fact that the complexity of mining has remained relatively unchanged for more than a month, it has become easier for new miners to connect their rigs to the network. Probably,…
The Bitzlato team is pleased to announce the launch of a new cryptoplatform product – cryptocurrency exchanges . The platform is launched in open beta and is already actively processing the transactions of the first traders. One of the main advantages of the new service is full integration with the world's largest P2P cryptocurrency exchanger in Telegram. Today, Bitzlato is the only exchange with an integrated P2P exchanger for depositing and withdrawing fiat currency, which allows traders to quickly and efficiently execute transactions not only with cryptocurrencies, but also with traditional money. Moreover, all user funds are stored in a…
The State Duma of the Russian Federation again postponed consideration in the second reading of the draft law on cryptocurrency and blockchain . The second reading of the draft federal law “On Digital Financial Assets (CFA)” will be held in April 2019. Anatoly Aksakov, co-author of the document of the State Duma Committee on Financial Markets, made a corresponding proposal at the plenary session on March 20. The bill does not contain the terms " cryptocurrency ", " token " and " mining ". Instead, it regulates digital financial assets, including digital rights, as well as monetary claims and rights…
The company Lightning Labs announced the alpha release of Lightning Loop – a new solution whose main task will be to simplify the process of receiving bitcoins in the second level of the Lightning Network. Announcing the Alpha release of the Lightning Loop, a non-custodial service. With Loop, users can get inbound capacity and withdraw […]
