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Ethereum improves while Bitcoin struggles

The whole of the cryptocurrency world is currently fussing over recent events regarding Bitcoin, and rightly so. The price drop of $1,000 per BTC and the pulled release of the planned SegWit2x hardfork has kept Bitcoin firmly in the public eye. In the meantime however, Ethereum has been making slow and steady improvements and growing its own network. Ethereum, the second largest cryptocurrency, has seen an increase in usage recently as the ICO world grows and the new ERC20 and ERC223 tokens were born. The Ethereum Foundation recently published a report that indicated the network had processed around 44% more...

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Is the blockchain straining?

The gyrations of Bitcoin's price are becoming extreme. After leaping to $7,354 earlier in the week before falling back to $6,700, it then boomeranged again to $7,900 on 8th November before again dropping precipitously by $800. Today it stands at a relatively becalmed $6,878. Swings like this of up to 10% make even the bravest rider of the roller-coaster queasy, and could be a sign that volatility is about to break downwards in a big way. On the other hand, stock-markets worldwide are dreading a 10% correction that Bitcoin now takes in its stride. With the price of the cryptocurrency...

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Bitcoin is your new credit card - more companies are now accepting the cryptocurrency

Bitcoin isn’t money, but similar and in many ways superior. This is repeatedly to be said, because the blockchain is a new technology and we don't yet understand perfectly its full reach and usefulness. More companies are now accepting Bitcoin The biggest argument over whether Bitcoin has value or is just some kind of fraud lies in people’s understanding of money. Its current price is over $7000, but what's the use if it can't pay for your meal? In fact, many more places, such as Papa John's Pizza, are now accepting it. A homeowner in the UK has even just...

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The Russian cottage heated by Bitcoin mining

A pair of Russian builders may have stumbled on an environmentally friendly way to utilise the energy produced by Bitcoin mining. Ilya Frolov and Dmitry Tolmachyov, from Irkutsk in Siberia – which experiences average temperatures of between -6ºC and -18ºC from November to March – have built a small cottage in the town and installed two bitcoin miners to warm up a liquid which is then transported through a heating system installed beneath the floor. Because Bitcoin mining – which validates the transactions made using the cryptocurrency – rewards those who invest in the technology with a small amount of...

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Here's Why Bitcoin Privacy Sucks and How It Can Be Drastically Improved

One of the first things people think they learn about Bitcoin is that it is some sort of system for completely anonymous payments on the Internet; however, the reality is that all transactions are logged on a public ledger for the whole world to see. Having said that, researchers have made strides in improving Bitcoin privacy. One of the most widely-known Bitcoin privacy tools is CoinJoin, which is a way of mixing transactions together with other users on the network. But this method of achieving better privacy doesn’t actually work that well. As Saarland University’s Tim Ruffing put it at...

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