CategoryOpinion

Litecoin Reaches Agreement on Segwit Upgrade, Price Rises

Blockchain

The litecoin miners and developers have reached an agreement to activate segregated witnesses (segwit) and to increase litecoin’s blocksize of 1MB once its blocks are over 50% of the currency’s capacity. The agreement is signed by Charlie Lee, Litecoin’s founder, F2Pool, BW, Bitmain, LTC1BTC, Huobi, OKCoin and others. It, however, states that it is not binding on the litecoin network: “We want to...

Blockchain: Why a Trust-Less System is the Most Trustable System in the World

blockchain

When it comes to most technologies, we know about the basic functions they perform. But, a sizeable portion of users scarcely express any interest in understanding the technology at play. For example – when we talk about sending an email, we all know that the data we send is received by the recipient unless the transfer fails, which leaves us with the obvious option of clicking the “Retry” button...

GAW Miners CEO Josh Garza Finally Pleads Guilty to Fraud

The Paycoin saga is finally coming to a close. As you can see in this document, sent to victims of the Josh Garza pyramid scheme called GAW Miners, Paycoin, et cetera, Garza is scheduled to plead guilty to one count of wire fraud on June 1st. He was previously facing three charges, but high-powered law firm Ballard Spahr did precisely as predicted in our last article, whittling the charges down...

Bitmain Suddenly Increases Antpool Hashrate on Litecoin, to Block Segwit Activation?

On April 17, Bitmain’s mining pool Antpool’s hashrate abruptly surged by around 20 percent in a period of few hours, from 200 to nearly 500 GH/S. Some members of the bitcoin community accused Bitmain of deliberately preventing the activation of Segregated WItness (Segwit) on Litecoin. As Coinbase Director of Engineering and Litecoin founder Charlie Lee confirmed, on April 12, Segwit reached its...

Scam Warning: Flexibit High Yield Investment Program

warning

At the bottom of every CCN page, you will notice we disclaim all advertisements in terms of actual endorsement. We would prefer a situation where staff could make a living without the use of advertising, or in which scam artists didn’t see Bitcoiners, especially new ones, as easy marks. It is in our rational self-interest to give businesses the benefit of the doubt, but we maintain a policy of...

Total Market Cap of Digital Currencies Nears $30 Billion

Digital currencies reached a new high today, surpassing $28 billion, a more than doubling from their previous all-time high of around $12 billion back in 2013. Indicating an increasing interest in digital currencies and the wider blockchain space. The main driver is, of course, bitcoin, which is nearing $20 billion once more after rising for much of the week from around $1,000 to approximately...

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