Archive | block size

Meet Bitcoin XT, the Precursor to Bitcoin Cash

Since its inception and launch last summer, Bitcoin Cash has maintained the attention of everyone in the cryptocurrency community. For better or worse, the Bitcoin hard fork has assumed a major role as the leading dissenter to the Bitcoin protocol. While most individuals currently involved in cryptocurrency have some knowledge of the sentiments and events associated with Bitcoin […]

Bitcoin Tops 159 Individual Countries in Energy Consumption at $2 Billion Per Year

According to data consultant Alex de Vries and his Bitcoin Energy Consumption Index, the process of transacting with and mining the digital currency translates to huge real-world energy consumption. So much so that verifying Bitcoin transactions tops 159 individual countries in energy consumption. In total, the whole Bitcoin network spends almost $2 billion per year mining. As […]

Bitcoin by Numbers: 21 Statistics That Reveal Growing Demand for the Cryptocurrency

By whatever metric you care to measure it, 2017 has been a record-breaking year for bitcoin. From transactions to trading volume, and from wallet installations to market cap, every possible metric has been surpassed, shattered, and then shattered again. See also: 10+ Monitoring Websites That Help Track the Bitcoin Network It’s All In The Numbers […]

What is Bitcoin ABC?

Scaling Bitcoin will happen sooner or later. The only question right now is how different teams of developers plan to accomplish this. There are different camps trying to make this happen, either through a soft or a hard fork. One of the latest proposals trying to push for a Bitcoin hard fork goes by the name […]