Bitcoin Foundation will hold a DevCore Workshop on October 16, 2015 from 9:00 am to 4:30 pm in Draper University, Menlo Park, California. The goal of the workshop is to build knowledge, widen understanding, and deepen technical expertise to support the future development of Bitcoin Core. Speakers include Jeff Garzik, Gavin Andresen, and Charlie Lee, among many others to be announced soon. The group is also adhering to an anti-harrasment policy that does not tolerate offensive verbal comments or harrasment of any form that could prompt organizers to sanction or expel participants from the event. Bitcoin Foundation Workshop One of the speakers in the event, Gavin Andresen, has co-created Bitcoin XT in hopes of providing the network with an alternative version of…
When you decide to trade in Bitcoin, you must know that there are currently many options available for individuals looking for Bitcoin exchanges. However, there are always a chance of you stumbling upon an exchange that is nothing but scam. We have seen multiple events in past that conjointly point to the same “scandalous” conclusion — people losing money. Therefore, it becomes necessary to research a bit before zeroing-in on a Bitcoin exchange. As a Bitcoin news website, our search for such a reliable exchange has now brought us on the doors of Cryptonit. Looking at their website, one can see how the exchange caters for traders wishing to trade between multiple fiat and cryptocurrencies. These assets include: Bitcoin, Litecoin, Peercoin, Namecoin, Dogecoin, as…
BitPay, a bitcoin payment service company based in Atlanta, was hacked for $1.8 million worth of cryptocurrency recently. The alleged attack was done through an email to the company’s chief financial officer, Brian Krohn, from someone posing as an employee in a digital currency publication and asking for comment. According to the lawsuit filed in Atlanta’s federal court in December last year, the hacker directed Krohn to an encrypted website which asked for his credentials for the BitPay email account. From there, the hacker purportedly used the information to access the bitcoin payment service’s corporate account and transfer around 5,000 bitcoins in three separate transactions. Bitcoin Payment Company Loss The lawsuit went on to detail how the…
One of the world’s leading technology companies has decided to utilize the blockchain technology for smart contracts. According to a report of the Wall Street Journal, International Business Machines Inc. (IBM) is planning to develop an open-source software that could — one day — be used to create digital contracts. For this, the tech giant has opted to create its own version of blockchain technology that would promote secure and accessible record-keeping on web. The IBM’s announcement is a latest addition to a long list of software and finance institutions that have previously opted to experiment with the Bitcoin’s underlying technology. They include: UBS, Citi, Barclays, Nasdaq, NYSE and others. However, IBM’s plans to open-source the project individuates it…
The Scaling Bitcoin workshop held in Montreal, Canada from September 12-13 aimed to discuss several issues currently affecting the industry. One of the biggest topics on the table was that of the block size limit, which could be addressed through scalability. Among the presentations made during the bitcoin conference was on the scalability of non-currency applications, discussed by Harry Kalodner of Princeton’s Security and Privacy Research Group and assistant professor of computer science at Princeton Arvind Narayanan. Scaling Solutions for Bitcoin As it is, the bitcoin network has been subjected to a hard fork, with some developers favoring the Bitcoin XT software that allows a shift from a 1MB to 8MB maximum block size. Others, however, thought it best…
The first phase of the Scaling Bitcoin workshop was held in Montreal from September 12-13. The event featured several presentations and academic papers from experts discussing the issues of scalability, block size limits, and many others. Among the presentations made during the Scaling Bitcoin conference was on how bitcoin wallets can handle real transaction fees by speaker Bram Cohen. He is best known as the author of the peer-to-peer BitTorrent protocol, as well as the first file sharing program to use this protocol. Issues on Scaling Bitcoin Cohen began by specifying that the discussion is focused on consumer wallets without microchannels and that of transaction fees. Although the use of bitcoin promises zero to minimal transactions costs, he mentioned that…