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The New York blockchain startup Blockstack reported on the ongoing work on a new distributed protocol called Stacks, which uses the hash power of the Bitcoin network in combination with the Proof-of-Burn mechanism (PoB). The presentation of Stacks took place in January at an event organized by a startup in Hong Kong. An explanation of the principle of the new consensus algorithm is also available in the video posted by the lead developer of the project […]

Twitter CEO Jack Dorsey reiterated that Bitcoin could become the native currency of the Internet. He said this on a Joe Rogan podcast. “I am convinced that the Internet will have a native currency. I assume that Bitcoin can become one, given the tests through which it has passed, as well as the principles on which it is built. He was born on the Internet, developed […]

Peter Vincennes, the former chairman of the Bitcoin Foundation and the head of CoinLab, allegedly demands about 1.6 trillion yen ($ 16 billion) from the bankrupt Mt.Gox bitcoin exchange. This was announced by lawyer Daniel Kelman. Peter @vessenes claiming ¥ 1.6 JPY in damages from MtGox. He apparently thinks pic.twitter.com/WxyDLYAQMo – Daniel Kelman […]