Can Bitcoin Scale?
Last updated: 22 February, 2018 A few years after Satoshi Nakamoto unleashed his bitcoin paper on the world, the cryptocurrency’s users began to notice a potential problem: bitcoin wasn’t very liquid. For a system that many claimed could replace fiat payments, this was a big barrier. While Visa handles around 24,000 transactions a second, bitcoin could […]
What is Bitcoin's Lightning Network?
Last updated: 21 March, 2018 Hailed as one of the most potent solutions to cryptocurrency scaling currently under development, the lightning network effectively creates a layer on top of bitcoin, enabling fast and cheap transactions which can net settle to the bitcoin blockchain. Proposed by Thaddeus Dryja and Joseph Poon in a 2015 white paper, […]
What are Bitcoin Mining Pools?
Last updated 10th March 2014 One of the first questions that anyone interested in mining cryptocurrencies faces is whether to mine solo or join a ‘pool’. There are a multitude of reasons both for and against mining pools. However, if the hash rate distribution across the bitcoin network is anything to go by (and it is) then […]