How Bitcoin Revived the Cypherpunk Revolution

Zooko Wilcox-O’Hearn found the cypherpunks mailing list when he was 19. Since then, he has been lucky enough to work on cypherpunk-oriented technologies for most of his adult life. Currently, Zooko is the CEO of Zcash, which is a truly anonymous alternative to Bitcoin. Zooko was recently interviewed on Epicenter Bitcoin, and he shared some ...

Read More »

Bitcoin Payments Company Circle Scores Partnership With Barclays and E-Money License for UK Expansion

“Bitcoin Bank” Circle announced that people in the U.K. can now experience social payments over the open Internet in their native currency, pound sterling (GBP), using Circle’s updated apps for Android, iOS and the Web. The company was granted an e-money license by the U.K. Financial Conduct Authority. Circle is extending the ability to hold and pay in U.S. dollars, ...

Read More »

Replacing Bitcoin Transactions: Community Responses to Opt-In Replace-By-Fee

A new addition to Bitcoin Core called Opt-In Replace-by-Fee allows transactions to be flagged as replaceable, and actually replaced, until the transaction gets confirmed in the next block.  Opt-In RBF is a change to the memory pool and network relay code and gives wallets the option to add a signal to transactions that gives permission for full nodes to update ...

Read More »

Bitcoin Hard Forks May Become Safer With User Voting

Up to this point, the main way to judge support for a change to Bitcoin’s consensus rules has been miner voting. Miners are able to broadcast support for changes to the Bitcoin protocol via coinbase transactions, and these messages of support are tabulated in an effort to judge the level of support among those who are theoretically incentivized to support ...

Read More »

Who Funds Bitcoin Core Development? How the Industry Supports Bitcoin's 'Reference Client'

Funding Bitcoin development seems to have always been problematic. While the Bitcoin industry collectively has raised more than a billion dollars worth of investment over the past years, development of the Free and Open Source Software the industry largely relies on has always had trouble gathering sufficient funds and manpower for development. Several arrangements to raise funds have been tried over the years – ...

Read More »

Overstock Invests in Bitt to Launch Official Digital Currencies in the Caribbean Islands

Overstock announced a strategic investment in Bitt, a Caribbean-based fintech company whose goal is to persuade Caribbean island nations to adopt digital national currencies. The investment was announced at a media conference in Barbados hosted by Avatar Capital, which invested in Bitt, and attended by representatives from both Bitt and Overstock. Politicians and dignitaries from various Caribbean nations attended. “A ...

Read More »

Bitcoin Lightning Network Creators: Fees Will Be Effectively Zero

Roughly two months ago, Lightning Network creators Joseph Poon and Tadge Dryja visited the Coinbase offices to explain how their design works and answer some questions from Coinbase employees and executives. After an explanation of why the duo does not believe centralization via supernodes will be an issue on the network, they went into a related aspect of the system: ...

Read More »

Bitcoin Core Launches 'Sponsorship Programme' to Fund Development and More

The Bitcoin Core development team launched a “Sponsorship Programme” on Monday that intends to provide an easy access point for the Bitcoin industry to support Bitcoin’s long-time reference client with both funding and other types of contributions. Bitcoin Core developer and Ciphrex CEO Eric Lombrozo: “The entire ecosystem depends on projects like Bitcoin Core, but most companies haven’t really had a way ...

Read More »