Tag: Blocks

Blockstream Cofounder Proposes To Reduce Bitcoin (BTC) Blocks from 1Mb to 300Kb

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A recent proposal issued by Blockstream co-founder Luke DashJr has caused a stir in the Bitcoin Developers community. The well-known expert in cryptocurrencies proposed the temporary reduction of Bitcoin Blocksize to less than half. The proposal is already available for analysis in GitHub and seeks to reduce the size of the blocks produced by the Bitcoin Blockchain from 1Mb to only 300k. The soft fork would start its implementation mid-year, specifically From 2019 Aug 1 and should last until 2019 Dec 31. This decision may seem crazy, especially considering that…

Square’s Cash App Blocks Account of Social Media Site Gab’s Founder: Report

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United States-based payments firm Square’s Cash App has reportedly blocked the personal account of the founder of controversial social media site Gab, according to a tweet from Gab Jan. 8. The move was reported just after Gab announced that the firm had sent an email to its user base promoting Cash App and Bitcoin (BTC). In a tweet today, Gab announced that it has sent over 850,000 emails to its users, introducing them to “free speech money: Bitcoin.” The screenshot of the firm’s email generally describes alleged censorship measures that…

Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks

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Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks December 8, 2018 by Jon Southurst “For a market that’s crashing, the vibe seems to be very good.” Bitsonline spoke to Beyond Blocks CEO Gabriel Yang in the closing stages of his company’s Summit Bangkok in Thailand last week. How do event organizers maintain a positive attitude at a time when many investors are turning away from blockchain and crypto? Or does the industry now have a solid enough foundation to keep things moving even during a…

Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks

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Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks December 8, 2018 by Jon Southurst “For a market that’s crashing, the vibe seems to be very good.” Bitsonline spoke to Beyond Blocks CEO Gabriel Yang in the closing stages of his company’s Summit Bangkok in Thailand last week. How do event organizers maintain a positive attitude at a time when many investors are turning away from blockchain and crypto? Or does the industry now have a solid enough foundation to keep things moving even during a…

Craig Wright Claims Bitcoin SV Will Process 1TB Blocks in Two Years

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CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Dr. Craig S. Wright has a mission in mind for Bitcoin SV (BSV) to process terabyte-sized blocks. It’s a “2 year target” according to a tweet he published yesterday. 2 year target. 2-4 Million TPS peak 500k sustained Terranode Bitcoin — Dr Craig S Wright (@ProfFaustus) November 29, 2018 Wright didn’t elaborate on the how of this. Demand for transaction space in Bitcoin blocks is high, and certainly, Bitcoin…

Hours After Bitcoin Cash Network Update Begins, Bitcoin ABC Over 10 Blocks Ahead

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The Bitcoin Cash (BCH) network update, which many predicted would lead to a hard fork, began as scheduled today, Nov. 15. At press time, Bitcoin ABC and Bitcoin Unlimited are currently leading Bitcoin SV in terms of both hash rate and number of nodes, according to Coin.Dance. Under the new consensus rules, 41 blocks have been already mined, wherein Bitcoin ABC is 12 blocks ahead. The update has led cryptocurrency exchanges around the world to suspend BCH trading and withdrawals. The news about the protocol upgrade has divided the BCH…

Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks

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On Saturday, Nov. 10, the operation BMG mining pool mined multiple 32 MB blocks on the Bitcoin Cash (BCH) network. The first block at height 556034 was the biggest block ever mined on the BCH chain and the process confirmed over 166,000 transactions. A couple of hours later, BMG pool mined 4 more 32 MB blocks confirming another 166K of pending transactions each.  Also read: Growing Number of Crypto Companies Operating From Belarus BMG Pool Mines the First 32 MB Block Confirming Over 166,000 BCH Transactions Bitcoin Cash supporters have a…

Bit.ly Reportedly Blocks ‘200’ Links From Andreas Antonopoulos’ ‘Mastering Ethereum’

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Social media commentators are criticizing URL shortening service Bit.ly (Bitly) after a Twitter user warned Andreas Antonopoulos Nov. 3 that the service had blocked crypto-related links from his book. Antonopoulos, author of several well-known guides to Bitcoin, quizzed Bitly on Twitter over the block, which allegedly extends to over 200 links in ‘Mastering Ethereum,’ due for publication in around four weeks. “Why are you blocking http://bit.ly links to crypto-currency sites?” he asked, adding: “I’m about to publish my 4th book and it has about 200 http://bit.ly links in it. If…

WeChat Blocks Bitmain Sales Account as Well as Further Crypto ‘Hype News’ Channels

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WeChat, the 1 billion-user Chinese social media platform developed by Tencent, has blocked the official sales channel of Bitcoin (BTC) mining giant Bitmain, according to an announcement posted to its channel yesterday, September 10. As of press time, Bitmain’s other Wechat accounts, including after-sales services and its official account, remain active. The official sales channel, which operates under the WeChat ID “antminersale,” no longer shows any content but instead displays a rules violation notice, stating: “Following users’ complaints, [WeChat] has reviewed and discovered that this account — without having acquired…

China Blocks Access to Over 120 Offshore Digital Currency Exchanges

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China is continuing its crackdown on bitcoin and cryptocurrency-related ventures. The country is now blocking access to more than 120 offshore cryptocurrency exchanges utilized for trading purposes by mainland customers. In addition, officials are also looking to shut down websites pertaining to both cryptocurrencies and initial coin offerings (ICOs), and to prevent businesses from accepting payments in digital assets. ICOs were initially banned last September and were described as “unauthorized” and “illegal” fundraising activities. That same month, Chinese regulators ordered all cryptocurrency exchanges within the country to cease trading practices.…