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Posts Tagged ‘Bitcoin (BTC)

Kim Dotcom has posted a video on Twitter demonstrating how the upcoming Bitcache system will work for uploading and sharing content that will support payment with Bitcoin. Bitcache is supposed to be in the heart of the upcoming MegaUpload 2.0 (MU2) service that promises encrypted anonymous content delivery with built-in Bitcoin payments support. Interestingly enough, while Bitcache will be used by MegaUpload 2.0 as its first client it should also be available for other services that want to easily integrate Bitcoin micropayments.

While the controversy surrounding Bitcoin and the block size debate among others continues with the number of transactions ranking up, filling the 1MB blocks completely and transaction fees rising we just got a new Bitcoin Core 0.14.0 release. The key aspects of the new releases are focused on improving performance for initial block download if you are starting a new full blockchain download as well as faster new block validation and relay. This is a welcome improvement that can be really useful for users with the Bitcoin blockchain data already close to 115GB in size…

Another new feature available in the 0.14.0 release is the optional fee bumping (not enabled by default) that allows users to users to increase the fee their transactions pay even after they’ve broadcast an earlier version of the transaction. This new option might be useful with the increasing number of transactions to help you move some coins at a faster speed if your initial fee was too little. This however is not a real solution for the problem with the blocks getting filled with transactions… we actually need a solution that will help keep transaction fees at a reasonable low level with the Bitcoin price still going up and that will help transactions confirm reasonably quick even with lower fees.

For more details about the newly released Bitcoin Core 0.14.0…

Great start of the new 2017 for Bitcoin (BTC). The crypto currency is now trading at over $1000 USD per coin and today also marks the 8th year since the first block with 50 BTC was generated. That was the genesis block of Bitcoin or with other words the first ever block generated for the BTC blockchain. Time sure does fly fast and Bitcoin has been doing very well lately with predictions raging from $2000 USD exchange rate by the end of this year to much more, especially if the economic situation all around the world does not improve significantly in a short period of time. So happy birthday Bitcoin and may be the force be with you or something else along those lines.

For more details about the Genesis Block of Bitcoin on a block explorer…


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