Bitcoin Technology

MrBitcoin July 10, 2019

Bitcoin is currently ranked top by Weiss Ratings with a grade of A–, making it the most technologically and economically advanced of all the cryptocurrencies. Bitcoin Attains Top Grade on Latest Weiss Rating for Crypto On the Weiss crypto website, bitcoin currently holds the top spot with an A– grade. This latest grade marks BTC’s […]

MrBitcoin June 28, 2019

Bitcoin’s scaling solution, the Lightning Network, is currently sitting at a capacity of around $11M. More interestingly, though, there are major updates underway already. Eltoo Coming to Lightning Network A user going by the name of u/almkglor has taken to Reddit to discuss some of the upcoming updates on Bitcoin’s scaling solution, the Lightning Network. […]

MrBitcoin May 12, 2019

One of the most common criticisms leveled against Bitcoin is that it is slow, at least compared to newer imitations. But its level of decentralization means just 6 transaction confirmations provide complete protection against double spending. Not All Blockchain Confirmations Are the Same So how many confirmations are required by the altcoins to provide the […]

MrBitcoin April 16, 2019

Social media giant Facebook and its Instagram and Whatsapp platforms went down for a couple of hours highlighting the stability of Bitcoin and its decentralized architecture.  Facebook Goes Down Social media website Facebook went down for a few hours on April 13th according to a monitoring resource downdetector.com. Whatsapp, the popular messaging app, and Instagram, […]

MrBitcoin January 12, 2019

A new feature for Bitcoin’s Lightning Network (LN) implementation allows users to send funds instantly without needing to first create an invoice. Sphinx Enables ‘New Use Cases’ The latest upgrade, ‘Sphinx,’ which developers describe as being a “work in progress,” is nonetheless already available to anyone. “The coolest part about this new feature is that […]

MrBitcoin December 23, 2018

An ‘unorthodox prediction’ of mining difficulty increases puts the bitcoin price somewhere around $17,000 in 2020 — due to the possible power law relationship between the two. Bitcoin price and difficulty ‘power law relationship’ Twitter user @100trillionUSD is back again with another intriguing chart — this time plotting the relationship between BTC price 00 and […]

MrBitcoin December 9, 2018

The Government of Malta this week announced the signing of a joint declaration of cooperation on Distributed Ledger Technologies (DLT). They joined a group of six other Southern European countries; France, Italy, Portugal, Spain, Greece, and Cyprus. Transformative Technology The countries released a joint-statement noting a shared view that the digital sphere is an ideal […]

MrBitcoin December 6, 2018

Lightning Network continues to grow at a phenomenal rate, with capacity now topping 460 BTC, and a reported 16,000+ channels. Lightning Network Sees Accelerating Growth It feels like Lightning Network (LN), bitcoin’s energetic, frugal young apprentice, is in the news every other week. Certainly, LN is regularly breaking fresh milestones, although to be fair, there are […]