BCH Stress Testers Will Put Pressure on the Network in Two Weeks

BCH Stress Testers Will Put Pressure on the Network in Two Weeks

On September 1, 2018, Bitcoin Cash ecosystem participants have plans to conduct a network stress test which will involve individuals and groups sending millions of transactions throughout the course of one day. With the BCH stress test day approaching soon, BCH proponents have been testing sending large amounts of small transactions at one time and have built tools that fan out hundreds of microtransactions at once.

Also read: Japan Roundup: Public Companies Unveil New Mining Plan, Exchange, Token Fund

Stress Testers Unite Hoping to Light Up the Bitcoin Cash Network with Millions of Transactions on September 1

In about two weeks, the Bitcoin Cash network will be tested for strength and reliability with the first of many stress tests planned. On September 1, 2018, BCH network participants plan on slamming the peer-to-peer system with a vast amount of transactions in a small period of time. Supporters of the community-driven stress test day are hoping to broadcast millions of transactions that day and some people have decided to practice early by lighting up the network with roughly 687,000 transactions in one day on August 1.

BCH Stress Testers Will Put Pressure on the Network in Two Weeks
August 1, 2018, 687,000 Bitcoin Cash transactions.

Scale.cash and Memo Games

Stresstestbitcoin.cash promoters want everyone to participate on September 1st, so a few individuals and groups have created transaction broadcasting tools to accelerate the process, and even some Memo.cash games. For example, the Twitter handle @SpendBCH_io has created a tool called Scale.cash that lets people send thousands of on-chain transactions all at once in a very simple way.

BCH Stress Testers Will Put Pressure on the Network in Two Weeks
Bitcoin.com’s Scaling Bitcoin Cash walkthrough.

The platform powered by Bitbox provides users with the ability to create a new wallet or import funds from an existing wallet. Users can simply deposit 15,000 to 1,300,000 satoshis to use the tool and the wallet can be backed up with a WIF, mnemonic, and proof of tx signature. Fan-out transactions require one confirmation to start broadcasting the rest, and after the first confirmation the platform will fire off in batches of 20 at 500txs per minute. The BCH developer and Bitbox creator Gabriel Cardona has written a step-by-step walkthrough for Scale.cash which can be found at Bitcoin.com’s developer portal.

BCH Stress Testers Will Put Pressure on the Network in Two Weeks
Scale.cash platform.

Users can also follow @StressTestBCH on Twitter for up-to-date information concerning September stress test day. Users can also play games on memo.cash if they want to participate that day. For instance, Yobits is throwing a challenge where users can guess the total number of transactions on stress test day. The guessing game is only 10,000 satoshis to play and the reward will go to the closest guess.

BCH Stress Testers Will Put Pressure on the Network in Two Weeks
Memo.cash guessing games.

Stress Test Preparations Have Propelled Record Breaking Transactions in One Day, While Also Invoking Very Large Blocks

Since June 29, transactions on the Bitcoin Cash chain have spiked considerably since people have been preparing for the stress test on September 1. Following that day the chain has seen transaction daily spikes of around 40,000- 100,000 tx per day and as mentioned above, cracked 687,000 on August 1. Stress testers are still continuously experimenting by sending hundreds of transactions at a time in preparation for the first of September and on August 19 the network processed 128,000 tx.

BCH Stress Testers Will Put Pressure on the Network in Two Weeks
August 19, 2018, 128,000 Bitcoin Cash transactions.

Meanwhile, as BCH participants throw thousands of transactions at the network, BCH miners have been occasionally processing very large blocks to clear the mempool. The day bitcoin cash shattered bitcoin core’s (BTC) daily transaction record, an unknown mining pool and Viabtc processed 3MB, 6MB, and 8MB blocks. On August 19, BCH miners such as BTC.com, Viabtc, and Coingeek processed a bunch of blocks between 1.5MB – 4.7MB clearing transactions in one fell swoop. Bitcoin Cash supporters are looking forward to September 1 so they can see millions of transactions thrown at the network, because they truly believe the protocol can handle the throughput. As the saying goes, the best way to find out is for supporters to put their money where their mouth is, by pushing the network to the limit.

What do you think about the BCH network stress test planned for September 1? Do you plan on participating? Let us know what you think about this subject matter in the comment section below.


Images via Shutterstock, Bitinfocharts, Memo.cash, and Bitcoin.com. 


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SHA-256 Mining Hashrate Climbs Significantly in One Year

SHA-256 Mining Hashrate Climbs Significantly in One Year

Over the last year, SHA-256 mining, the process that’s used to find blocks on both the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks, alongside a slew of other cryptocurrencies, has grown exponentially. Digital asset trading markets have been in a slump over the last eight months of 2018, but the bearish sentiment has not affected the hashpower behind these cryptocurrencies and, in fact, it has increased aggressively.

Also Read: Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies

The SHA-256 Mining Hashrate Has Grown Considerably Large Over the Last Year

The SHA-256 mining algorithm and other mining operations involve the process of computing devices verifying and compiling recent blockchain transactions, alongside solving computational problems in order to find a block. Miners who find a block are awarded freshly minted cryptocurrencies and all the fees associated with the transactions in the block. This incentivized system has grown significantly competitive which in turn has innovated both semiconductor production and a significant advancement in Exascale computing. Over the last few months, cryptocurrency markets have been bearish and prices have dropped considerably since the end of 2017. However hash power has not followed suit with the price and, in contrast, it has grown feverishly larger with each waking day.

SHA-256 Mining Hashrate Climbs Significantly in One Year
Today BTC captures around 47 exahash per second while BCH holds a little above 4 exahash.

Bitcoin Cash Network Hashrate Has Increased Fourfold in One Year

SHA-256 Mining Hashrate Climbs Significantly in One Year
BCH hashrate is averaging around 4.13 exahash today.

The Bitcoin Cash network at the time of writing is capturing around 4.13 exahashes per second today and over the last seven days, it’s averaged around 4. Right now there’s been over 65,000 BCH blocks mined since August 1, 2017, and the chain is over 6,600 blocks ahead of the bitcoin core (BTC) chain. On Sunday, August 19, 2018, the BCH chain is operating at 9.87 percent of BTC’s sum block difficulty. Since last August the Bitcoin Cash network hashrate has increased remarkably and the amount of mining pools has notably changed as well. For instance, during the first week of August 2017, there were only a few mining pools processing BCH blocks such as Viabtc, Bitcoin.com, an unknown miner from Hong Kong, and a few other unknown miners. Weeks later on August 21 many other miners joined the BCH network such as Bitclub, Antpool, Batpool, and BTC.com bringing the BCH hashpower up to approximately 2 exahash.

A Variety of BCH Mining Pools and New Leaders

Now a year later the BCH network has roughly 13 different mining pools including Coingeek, BMG Pool, Rawpool, BTC.com, Viabtc, Antpool, Bitcoin.com, BTC.top, Sbi Crypto, F2pool, Huobi, and a few unknown pools. Mining power has shifted hands since because twelve months ago the unknown miners and Viabtc commanded a large portion of the BCH hashrate. Now the biggest mining pool over the last seven days is Coingeek with 23.4 percent of the network hashrate over the last week and 31.9 percent today.

SHA-256 Mining Hashrate Climbs Significantly in One Year

Then there are two to three unknown mining pools (can be differentiated by coinbase data) that hold about 20 percent of the BCH hashpower. The following top BCH miners include BMG Pool (10%), Rawpool (9.8%), BTC.com (8%), Viabtc (6.7%), and Antpool (6.5%). Other pools like F2pool and GMO Group have mined the BCH chain a few times over the past year as well. Essentially since the first week of August 2017, the BCH hashrate has grown fourfold and a lot more miners are processing BCH blocks.

Bitcoin Core Hashrate Climbs to 48 Exahash Per Second

As far as the Bitcoin Core (BTC) network hashpower is concerned a lot has changed since the first 2017’s first week of August. During the second week of August 2017, the BTC hashrate was around 8-6 exahash per second but has since increased 500 percent to around 48.2 exahash per second today. Hashrate distribution has changed quite a bit in the BTC mining world as well as there are now roughly 16 different mining pools. Right now there’s an unknown miner processing 13.3 percent of the BTC network. The top BTC mining pools have also shifted quite a bit with the largest pool being BTC.com (16.6%) followed by pools such as Antpool (14.6%), unknown (13.3%), BTC.top (12.3%), and Slush Pool (11%).

SHA-256 Mining Hashrate Climbs Significantly in One Year

The Use of Overt Asic Boost Touches a High This Month

One particular interesting statistic is the use of overt “version-rolling” Asic Boost on the BTC network has increased since the Blockchain Defensive Patent License (BDPL) initiative was announced this past March. According to statistics, the use of Asic Boost whether overt or covert can increase mining efficiency by 20-30 percent. So far since March, the use of overt Asic Boost had crossed roughly 5 percent of the entire BTC network on August 1, 2018.

SHA-256 Mining Hashrate Climbs Significantly in One Year
Asic Boost has captured 5 percent of blocks found a couple times so far in August.

On August 13 the network touch around 4.4 percent of all blocks found with Asic Boost and the average is around 3 percent today. Slush Pool has found the most blocks on the BTC network using overt Asic Boost (40%) while F2pool follows slightly behind (20%). Other mining pools utilizing Asic Boost include Ckpool, Bitclub, Bitfury, Wayi.cn, Poolin, and an unknown miner. The unknown mining pool commands 11 percent of the sum of all overt “version-rolling” Asic Boost blocks found.

The Largest Computational Systems Worldwide Have Pushed Semiconductor Tech Forward

All of this means the power of SHA-256 mining has become one of the most powerful computational systems here on earth and it continues to grow. Further Satoshi’s design to create an incentivized system that processes and verifies transactions has also pushed the envelope when it comes to semiconductor and MOSFET innovation. SHA-256 mining has excelled the creation of 10nm and 7nm chips which were one year behind schedule according to Moore’s Law.

SHA-256 Mining Hashrate Climbs Significantly in One Year
The GMO B3 uses 7nm chip technology while the Insilicon T2 uses 10nm chips. 5nm technology should meet production in 2-3 years and SHA-256 mining may make that timeline move faster. 

These chips and the firms that have created super powerful mining rigs like GMO’s B3 (33TH/s), Innosilicon’s T2-Turbo (24TH/s), and Canaan’s newly introduced Avalonminer A9 (26.5-30TH/s) should push the overall SHA-256 hashrate even more exponentially. There are only four foundries worldwide that manufacture 7nm chips (Samsung, Intel, TSMC, and Global Foundries) and Satoshi’s creation has bolstered the demand for these innovative chips. 

Markets may be bearish this year but the mining industry is growing faster than we can fathom, and the computational power behind Satoshi’s invention proves more powerful than the fiat spot price per coin.

What do you think about this year’s mining statistics continuing to grow stronger while the prices of cryptocurrencies have been floundering? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Coindance, Blockchain.com charts, Fork.lol, GMO Group, Innosilicon, and Asicboostdance.


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Testing the Newly Transformed Non-Custodial Coinbase Wallet

A while back, the San Francisco-based exchange Coinbase announced the launch of an ethereum-based wallet called Toshi. The application was a private and secure messaging platform tethered to a non-custodial ETH wallet. Now Coinbase has decided to revamp the application and Toshi will become the ‘Coinbase Wallet’ which will not only offer ETH and it’s token derivatives but soon it will also hold BCH, LTC, and BTC.

Also read: The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

Toshi Platform Changes to Coinbase Wallet

Testing the Newly Transformed Non-Custodial Coinbase Wallet Next time someone tells you Coinbase is “not a wallet” you can tell them that the San Francisco firm does offer a non-custodial wallet that provides users with private keys. The wallet is called Coinbase Wallet, a rebrand of the Toshi Wallet the company introduced back in April of 2017. On August 15, the Coinbase engineer Siddharth Coelho-Prabhu revealed the ETH and ERC-20 wallet known as Toshi was changing names but the Coinbase Wallet will have a slew of new features including the ability to hold bitcoin cash (BCH), bitcoin core (BTC) and litecoin (LTC).

“Toshi was developed by the Coinbase team a little over a year ago — When the product launched, it featured the world’s first mobile dapp browser — Later, we became the first wallet to launch crypto collectibles,” Coelho-Prabhu explains.

As part of our effort to be the most trusted brand in the space, we also set out to provide best-in-class secure storage. With Coinbase Wallet, your private keys are secured using your device’s Secure Enclave and biometric authentication technology.  

Testing the Non-Custodial Coinbase Wallet

The Coinbase wallet provides users with a platform that manages ETH, and ERC-20s but also allows crypto collectible storage, and the ability to garner air drops. Furthermore, the application allows users to access decentralized token exchanges and relayer platforms. News.Bitcoin.com gave the wallet a test-run on iOS this week and the Coinbase Wallet does, in fact, allow the owner to procure their own private keys with a recovery phrase. The user is asked right away to write down and store the phrase in a safe location, but they can also choose to ‘backup later’ as well. Followed by the backup step, the wallet then asks if the user wants to utilize biometry (fingerprint) or set up a less secure six-digit passphrase. After all the security steps are complete the Coinbase Wallet provides an ethereum address screen that can also show tokens and collectibles.

Testing the Newly Transformed Non-Custodial Coinbase Wallet
News.Bitcoin.com testing out the new Coinbase Wallet on iOS. 

Then there’s a decentralized application browser inside the wallet, which features a wide variety of apps, gaming platforms, and marketplaces that can be used with ethereum, and other token assets. The wallet also has a messenger where you can chat with friends or chat and interact with group chats and wallet bots like the @Toshibot. Overall, the wallet is fairly intuitive like most light clients out there today, but people who are interested in the token economy will find it more useful. When BCH, BTC, and LTC are added, the wallet software will likely open up to a much larger audience.       

The Coinbase Wallet is available for Android systems and iOS and existing Toshi users just need to upgrade the client’s firmware to see the changes. The decentralized app browser works with any platforms that use web3.js, and the wallet also offers native support for ERC-721 tokens. For those who have absolutely no interest in the ethereum ecosystem, they may want to wait until Coinbase adds BCH, LTC, and BTC.

What do you think about the Toshi app changing into the Coinbase Wallet? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, the Coinbase Wallet, and Jamie Redman.


Be sure to check out the podcast, Blockchain 2025; latest episode here.

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The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

Scammers are threatening to reveal cheating husbands to their wives and asking for bitcoin ransom – check the details in this edition of The Daily. A porn streaming website now rewards its users with tokens, and hair sprays are sold for BTC and BCH. Also, find out what Brits think about blockchain and learn about the latest incarnations of the technology.

Also read: Binance Launches in Liechtenstein, ZB.com Opens Office in Malta

Scammers Threaten Cheating Husbands, Ask for Bitcoin

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and ThatThe U.S. Federal Bureau of Investigation (FBI) has recently issued a warning about new scams involving cryptocurrency: fraudsters have been sending letters threatening to reveal cheating husbands to their wives and relatives unless they are paid thousands of dollars in bitcoin (BTC). The FBI’s Internet Crime Complaint Center (IC3) says there’s been a significant increase in the number of extortion attempts of this kind.

A variety of scenarios have been reported but the scammers usually accuse people of cheating and visiting porn sites, and claim to possess other compromising information as well. Threats like “I know about the secret you are keeping from your wife” and “I installed malware on the adult video site” are often part of the correspondence.

People’s personal data like names, usernames, or passwords is included to intimidate the targeted individuals. In most cases, the recipient is instructed to pay a ransom in bitcoin. The Bureau asks victims to reach out to the local FBI office and file a complaint with the IC3 at www.ic3.gov, providing any relevant information including the extortion email and the BTC address.

Porn Site Rewards Viewers with Tokens

Speaking about earthly temptations, a leading adult website now wants to reward its users with cryptocurrency. Tube8, a subsidiary of Pornhub, one of the largest platforms in the genre which boasts over 150 million page visits a month, is now moving onto the blockchain. The porn streaming service told Hard Fork it is tokenizing itself through a partnership with Vice Industry Token (VIT). According to the report, the deal will allow users to earn VIT tokens while enjoying the Tube8 videos.

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

The transformation is scheduled to take place by the end of the year, promising to turn Tube8 into the very first major adult platform to pay its users for their activity in cryptos. By doing so, Pornhub, which is already accepting payments in verge, tron and zencash, is truly spearheading crypto adoption and blockchain implementation in the adult industry, taking advantage of the anonymity provided by cryptocurrencies, which is important for its customers.

Something for the Ladies: Buy Hairspray with Bitcoin

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and ThatThinking about finding new intersections between beauty and technology, beyond formula or packaging, R+Co, the beauty collective founded by stylists Howard McLaren, Thom Priano, and Garren, is now incorporating bitcoin core (BTC) and bitcoin cash (BCH) payments into its business, The Cut reports. The team thinks it’s a logical next step.

Once you decide to pay for your hairspray with any of these leading cryptocurrencies, “The Culture of Hairdressing” promises a simple online checkout experience. After providing billing and shipping information, ladies will be prompted to choose a payment method and they can opt to spend cryptocurrency instead of reaching for the credit card. Selecting the bitcoin option will transfer them to Bitpay where they need to complete the purchase within 15 minutes. Excited about the new service, R+Co’s president Dan Langer said:

Blockchain technology is going to be one of the future disruptors in the beauty industry. It will allow consumers the ability to leverage their data and purchase behavior in all kinds of new shopping ways… from reviews to rewards to product benefits. In order to stay at the forefront of this emerging thinking we wanted to integrate components of it while still in its early stages – like paying with Bitcoin – and learn with it as it evolves.

Blockchain This, Blockchain That

Bitcoin payments – that’s fine, but “blockchain” is not something everyone accepts without prejudice. Almost half of Brits, for example, wouldn’t trust an organization using it, new research from IP EXPO Europe has discovered. The authors have found that over a third of British people (35%) would not trust a company employing the technology to keep their information secure. The main reason for their mistrust is not knowing what blockchain really is.

Another 11% of the respondents in the poll conducted by One Pulse, who believe they know what blockchain is, would also not trust an organization that’s using it. Both figures represent almost half of UK citizens. Add to that the 28% who say they wouldn’t trust a firm using any technology they don’t understand and you’ll realize how important it is for businesses to ensure they don’t confuse their customers while trying to improve their technical capabilities or simply riding the wave of the crypto craze.

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

Nevertheless, the blockchain mania goes on and this week produced a number of examples. We learned that Italian insurance companies are testing a blockchain-based solution to resolve disputes involving car-liability claims, Wyoming farmers want to use the distributed ledger technology to track what their cattle eats and then brand their beef as superior, blockchain-proof probably, and the China Aerospace Science and Industry Corporation has developed a blockchain platform to improve electronic invoicing… What? Oh, and “China’s first blockchain social network is the brainchild of a 24-year-old female poker player,” mainstream media informed us.

Realizing the importance of blockchain education, Hong Kong authorities have granted $20 million USD to several local universities that are expected to use the funds to finance the research and development of blockchain-based payments systems. And in the Philippines, one of the oldest universities, Ateneo de Manila, is partnering with a healthcare service provider to set up a research laboratory powered by blockchain. All this is happening after Turkey’s Bahçeşehir University inaugurated the country’s first blockchain innovation center. Yes, a lot of education is needed when it comes to blockchain.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock.


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November BCH Upgrade Discussion Heats Up After Bitcoin SV Full Node Announcement

November BCH Upgrade Discussion Heats Up After Bitcoin SV Announcement

Blockchain development firm Nchain has announced the company’s plans to launch a new Bitcoin Cash full node client called ‘Bitcoin SV.’ Lead developer Daniel Connolly has published the specifications for re-enabling old opcodes for the November 2018 BCH upgrade. So far the unpublished codebase has seen vocal support from the mining pool Coingeek, but right now some members of the BCH community are concerned that if no other miners switch to Bitcoin SV, the proposed upgrade could cause incompatibilities.

Also read: Fivebucks.com: Meet the Freelancer’s Marketplace Powered by Bitcoin Cash

Will Bitcoin SV’s Proposal be Compatible With Bitcoin ABC?

November BCH Upgrade Discussion Heats Up After Bitcoin SV AnnouncementOn Thursday, August 16 the firm Nchain revealed they are releasing a new BCH full node client that’s claimed to be based on Bitcoin ABC v0.17.2, but with a few different upgrade changes added. Bitcoin SV will include restoring more Satoshi opcodes, removing the opcode per script limit, and raising the block size to 128MB. Further, the leading BCH mining pool Coingeek have stated they will be backing the new client. However, since this announcement, some BCH supporters are concerned about the upgrade coming this November. Issues could occur if groups of miners choose Bitcoin SV’s finalized consensus change proposals, which could be entirely different than the finalized Bitcoin ABC 0.18.0 version. Moreover, depending on the upgrade releases stemming from Bitcoin Unlimited, and other implementations, the Bitcoin SV client could be incompatible with any one of them.

November BCH Upgrade Discussion Heats Up After Bitcoin SV AnnouncementSo far the Bitcoin ABC team hasn’t responded to the latest Nchain announcement, and the ABC client release for testing hasn’t arrived. According to the ABC roadmap, after they announced the client’s upgrade changes the codebase was supposed to be delivered by August 15. Instead, the team published an article on the benefits of canonical transaction ordering with help from articles written by the Bitcoin Cash miner Jonathan Toomim, and Joannes Vermorel’s study on the process. So at the time of writing the latest 0.18.0 Bitcoin ABC version is two days late. Furthermore, if v0.18.0 contains canonical transaction ordering, the enforcement of minimum transaction size, and the activation of OP_CHECKDATASIG and OP_CHECKDATASIGVERIFY, it will not be compatible with SV’s framework for November.

Bitcoin SV’s Lead Developer Publishes Re-Enabling Old Opcode Specs

The Bitcoin SV client’s lead developer, Daniel Connolly, has published a document of specifications concerning the SV clients’ re-enabling old opcodes. The Bitcoin SV version 1.0 document details that in May of 2018 a few disabled opcodes were re-added to the Bitcoin Cash scripting engine, and this November SV will introduce four more opcodes.       

“The scope of that change was limited in order to focus developer attention rather than attempting to reintroduce all of the disabled opcodes at once,” explains the Bitcoin SV spec sheet published on August 17.

This specification expands upon that change by reintroducing additional opcodes — The specifications describe the opcodes that will be added in the November 2018 protocol upgrade.

The re-enabled opcodes will include:

  • OP_MUL — Multiplies two numbers
  • OP_RSHIFT — Right shift b by n bits
  • OP_LSHIFT — Left shift b by n bits
  • OP_INVERT Bitwise NOT  

The Ultimate Decision Will Be Made With Hashpower

Essentially the ultimate decision making will be in the hands of the miners if they want to upgrade the block space to 128MB, or follow through with ABC’s plans. At the moment there are many different takes on this situation from a wide variety of BCH supporters. Some agree with Coingeek and Nchain and want to raise the space available in blocks, while others believe there isn’t a need for the increase, because current 32MB blocks are not yet being filled. Discussions concerning the matter have increased exponentially on BCH-centric Slack and Telegram channels, Twitter, and Reddit forums.

A lot of BCH supporters believe that ultimately those who have hash power will have the final say in this debate and miners will choose which client they plan to use. Some BCH proponents are not too concerned with the possibility of incompatible clients just yet, because as far as ABC v0.18.0 and SV 1.0 are concerned, neither client has finalized plans for November’s upgrade. As mentioned above the ABC code is not ready yet and the SV 1.0 codebase plans to launch this September.

November BCH Upgrade Discussion Heats Up After Bitcoin SV Announcement
A lot of BCH supporters believe ultimately it will be the decision of the miners on whether or not they support changes like canonical transaction ordering and OP_CHECKDATASIGVERIFY, or re-enabled opcodes and a 128MB block size increase.

News.Bitcoin.com briefly spoke with Bitcoin XT developer Tom Harding about the recent Nchain announcement and he explained the XT client will follow the majority hashrate.

“XT hasn’t been a driving force behind any of the forking change proposals this time around —  We’ve been focusing on non-consensus 0-conf work,” Harding explains.

Regarding consensus changes, our intention is to support what the majority of hashpower wants to do — We’re also thinking about how best to know what BCH miners actually want.

What do you think about the Bitcoin SV client and the possibility of it being incompatible with Bitcoin ABC’s November upgrade? Which upgrade proposals would you like to see finalized? Let us know your opinion on this subject in the comment section below.  


Images via Shutterstock, Coindance, the Nchain Bitcoin SV announcement, and Bitcoin ABC logo. 


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The post November BCH Upgrade Discussion Heats Up After Bitcoin SV Full Node Announcement appeared first on Bitcoin News.

UK Exchange Launches First FCA-Regulated Bitcoin Cash Futures Contracts

UK Exchange Launches First FCA-Regulated Bitcoin Cash Futures Contracts

The UK-based cryptocurrency futures exchange, Crypto Facilities, has announced the launch of the first Bitcoin Cash – Dollar (BCH/USD) futures. Crypto Facilities is regulated by the U.K. Financial Conduct Authority (FCA) and the new BCH futures products will join the firm’s other crypto-based contracts at 4 pm UK time on Friday, August 17th.

Also read: Handcash Launches Pop — A New BCH Point-of-Sale Companion Application

Crypto Facilities Bitcoin Cash Futures to Help Spur the Evolution of Cryptocurrency Markets

Bitcoin Cash proponents were excited to hear about a new futures market offered by the regulated UK firm Crypto Facilities. Bitcoin Cash – Dollar (BCH/USD) futures will be added to Crypto Facilities’ lineup of bitcoin core (BTC), ripple (XRP), litecoin (LTC), and ethereum (ETH) contracts.

“We are pleased to be expanding our cryptocurrency derivatives offering with the launch of Bitcoin Cash futures,” Timo Schlaefer, CEO of Crypto Facilities told news.Bitcoin.com.

BCH is a top five coin with a market capitalisation of around $10 billion and we expect our new contracts to spur the evolution of the crypto markets by bringing greater liquidity and transparency to the digital asset class.  

UK Exchange Launches First FCA-Regulated Bitcoin Cash Futures Contracts

A Proper BCH Hedging Mechanism at an FCA-Registered Exchange

Crypto Facilities says the new products will allow individuals and institutions the ability to invest in BCH futures in a regulated, transparent and secure trading environment. The Bitcoin Cash-Dollar futures contracts will allow long and short positions giving investors the capability to manage risks and rewards in a different fashion. Bert Mouler, CEO of Profluent Group, says there’s been demand for a BCH derivatives product and is thrilled to see Crypto Facilities take the initiative.

“Profluent Japan welcomes the opportunity to make markets in BCH derivatives on the Crypto Facilities platform,” Mouler explains during the Crypto Facilities BCH product announcement.

The institutional trading community was in great need of a proper BCH hedging mechanism at an FCA-registered exchange with a first class management team.  Crypto Facilities is the first to provide such a service.  

In addition to the cryptocurrency derivatives offered, Crypto Facilities also provides CME Group with the Bitcoin Reference Rate alongside the Ether-Dollar Reference Rate and Real-Time Index. There is another exchange that offers BCH/USD futures but over the years there have been lots of discrepancies with the trading platform’s trade volumes and market data. The BCH futures product offered by Crypto Facilities will be the first bitcoin cash derivatives against the USD that’s regulated by the UK’s FCA.

What do you think about Crypto Facilities launching a Bitcoin Cash futures product? Let us know what you think in the comment section below.


Images via Shutterstock, and Crypto Facilities Logo. 


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PR: Token Creation Now Available on Bitcoin Cash via BITBOX – Bitmain Wormhole Partnership

Token Creation Now Available on Bitcoin Cash via BITBOX - Bitmain Wormhole Partnership

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Bitcoin.com launches a powerful developer framework for token creation on the Bitcoin Cash blockchain, adding a significant rival to Ethereum, just days after Bitmain announced their Wormhole protocol.

Developed by Bitmain, Wormhole–an Omni Layer fork–represents the latest step in enabling crowdsales, tokenization, ICO creation, and permissionless smart contracts, all on Bitcoin Cash (BCH) and without altering BCH consensus rules.

The Wormhole protocol was unveiled by the bitcoin mining giant Bitmain on August 9th at the their BCH 1-Year Anniversary event in Hong Kong.

The new Wormhole SDK just published by Bitcoin.com adds an additional javascript framework, enabling every basic aspect of ERC20 functionality, including token creation, on the BCH blockchain.

Blockchain developers now have an alternative to Ethereum for creating tokens and ICOs.

Wormhole developers explain the software’s BCH OP_RETURN code is equivalent to the Omni Layer process, which is “the technical basis for daily distribution and circulation of USDT (Tether).” Similarly, Wormhole Cash (WHC) is a superset of BCH. Every Wormhole transaction is an on-chain BCH transaction with an OP_RETURN.

The BCH community has been clamouring for token creation systems, a gap that Wormhole developers sought to close with this series of interventions. Accordingly, WHC supports the creation of three kinds of tokens: fixed, crowdfunded, and manageable. Users can create WHC by using Wormhole protocol to send one or more BCH to the burn address. But burning BCH isn’t the only way to use WHC: Earlier this month, Coinex became the first trading platform to list the currency.

Lead Developer Jiazhi Jhang explained recently that Wormhole achieves security and consensus using BCH’s proof-of-work protocol and UTXO model. The UTXO application’s benefits, he says, include greater decentralization—as BCH offers decentralized timestamps for each transaction—and a higher TPS rate. Moreover, Wormhole’s two-layer security approach is founded on BCH transaction security.

Of Wormhole’s potential, BCH developer Gabriel Cardona says: “We see Wormhole as a solution to a number of problems, such as Turing-complete high-level scripting languages, smart contracts, ERC20 (ICO and crowdsale), and ERC721 (CryptoKitties) tokens.”

Of what’s already been achieved using Wormhole protocol, Cardona shares, “Already, we’ve created tokens with fixed supply and manageable supply, issued and revoked tokens, and created a custom token [Life Extension Token, LET] for a crowdsale.”

The Wormhole launch represents a paradigm shift in the potential for BCH-based innovation. Further possibilities for development are myriad—most notably token issuance and permissionless smart contracts. Wormhole is fully compatible with Bitcoin ABC version 0.17.2 and slated for an upgrade during the next regularly scheduled update.

Indeed, Wormhole developers are planning full speed ahead for 2019, with a full agenda of innovation. Future plans include upgrades known as Tropos–an update that will move towards protocol-based decentralized exchange systems–in November 2018; Ionize, in part an ERC721 integration plan, in January 2019; and Exosphere, which will make progress towards permissionless, global, and frictionless smart contracts, including the potential for a smart contract machine in the vein of Ethereum’s EVM.

For more information, contact:
Bitcoin.com
Contact: Laura Dorwart
Phone: +19086983104
Email: media@bitcoin.com

Supporting Link
http://wormhole.cash/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Handcash Launches Pop — A New BCH Point-of-Sale Companion Application

Handcash Launches Pop — A New BCH Point-of-Sale Companion Application

This week the developers of the NFC-enabled Bitcoin Cash (BCH) wallet, Handcash, have announced the launch of a new companion application called ‘Handcash Pop.’ The Pop platform provides Handcash users with a point-of-sale (PoS) platform that is tethered to their wallet’s handle so merchants can easily make payment requests for bitcoin cash.

Also read: Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack

Start Accepting Bitcoin Cash With the Handcash Pop Application

This past February news.Bitcoin.com reported on the BCH wallet called Handcash which launched its beta client for Android mobile phones. Since then the project has seen a lot of development, a revamped user interface, and this past May the blockchain research and development firm, Nchain, announced the acquisition of a majority stake in Handcash. The Handcash development team plans to release the wallet’s iOS version this month and prior to the launch, the organization has revealed a PoS application called Pop.        

“Pop is a lightweight point of sale companion app to Handcash that allows you to create payment requests for your store or pub,” the development team explains.

With a fast setup, no subscriptions and fraud detection systems, there are no excuses not to start accepting Bitcoin Cash and put your business on the map.

Handcash Launches Pop — A New BCH Point-of-Sale Companion Application
Handcash and the Pop application are compatible and they allow Bitcoin Cash-powered Near Field Communication (NFC) payments.

Handcash and Pop Enables Bitcoin Cash NFC Payments 

Pop also uses Near Field Communication (NFC) payments as long as the transaction stems from a Handcash wallet. If another wallet is used, the application is compatible with most Bitcoin Cash wallets by utilizing QR code payment requests. Additionally Pop has live fraud protection like the Handcash wallet, and no funds are stored on the device. All funds go directly to a designated Handcash username.

Handcash Launches Pop — A New BCH Point-of-Sale Companion Application
Tethering our Handcash handle to the Pop application.

News.Bitcoin.com took a few minutes to test the Pop application. It was fairly intuitive and pretty easy to set up a PoS terminal on our Samsung Galaxy tablet. We simply tethered the Pop platform to a username ‘$Posternut,’ and named our store (Posternut’s Emporium). The application is also protected by a 4-digit PIN in order to utilize the request page and other Pop features. The whole process took less than five minutes to set up and anyone can install Pop on any Android device in order to have their own Bitcoin Cash-powered PoS system.

What do you think about the Bitcoin Cash-centric point-of-sale application Handcash Pop? Let us know what you think about the Pop platform in the comment section below.  


Images via Shutterstock, Handcash, and Pop.


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Nchain Plans to Launch a BCH Full Node Client Called ‘Bitcoin SV’

Nchain Plans to Launch a BCH Full Node Client Called 'Bitcoin SV'

On Thursday, August 16 the blockchain research and development firm Nchain has officially announced a new Bitcoin Cash (BCH) full node implementation is in the works called Bitcoin SV (Satoshi’s Vision). Nchain says the full node client was developed at the request of the mining pool Coingeek and other BCH miners who support Satoshi’s “original vision.”

Also read: Fivebucks.com: Meet the Freelancer’s Marketplace Powered by Bitcoin Cash

Nchain Announces Bitcoin SV: A New Bitcoin Cash Full Node Implementation

Nchain Plans to Launch a BCH Full Node Client Called 'Bitcoin SV' Just recently, news.Bitcoin.com reported on the opposition towards the Bitcoin ABC development team’s upgrade roadmap. We further detailed that one of the largest BCH mining pools, Coingeek, had weighed in against some of Bitcoin ABC’s proposed consensus changes and added a few proposed changes of their own. Now Nchain has announced a new full node implementation is coming to the BCH network called Bitcoin SV and the codebase aims to “fully restore the original Bitcoin protocol.” The founder of Coingeek Calvin Ayre believes miners should drive BCH innovation and details his pool asked Nchain to develop the new client.      

“Because miners should drive the roadmap in the Bitcoin space, Coingeek and other miners asked Nchain to create a professionally-driven implementation of the Bitcoin full node software (for use on BCH) that restores the original Bitcoin protocol,” Ayre explains during the announcement.

Nchain Plans to Launch a BCH Full Node Client Called 'Bitcoin SV'
“Reflecting its mission to fulfill the vision of Bitcoin’s founder Satoshi Nakamoto, the project name represents the “Satoshi Vision” or SV. created at the request of leading BCH mining enterprise CoinGeek and other miners,” Nchain states.

Bitcoin SV Will Incorporate a 128MB Block Size

Nchain says a roadmap is in development but Bitcoin SV will initially be based on the Bitcoin ABC v0.17.2 codebase. Bitcoin SV’s code will be open sourced under the MIT license and will be available at the repository on Github. Nchain details that the first version of Bitcoin SV will be release ready for testing on the first week of September 2018. In addition to having similarities with Bitcoin ABC v0.17.2, there will be a few changes to support the upcoming November BCH upgrade. The Bitcoin SV consensus change features will include:  

  • Restoring more original Satoshi opcodes:  OP_MUL, OP_LSHIFT, OP_RSHIFT, OP_INVERT
  • Removing the limit of 201 opcodes per script
  • Raising the maximum block size to 128MB
Nchain Plans to Launch a BCH Full Node Client Called 'Bitcoin SV'
Nchain’s Jimmy Nguyen

Bitcoin SV will be led by the full node client’s lead developer, Daniel Connolly, who has joined Nchain after 20+ years of IT work for United Nations agencies. Connolly has contributed anonymously to the Bitcoin codebase for years as well as helping the Electron Cash client, and the BitcoinJ-Cash development. Nchain’s Steve Shadders will act as Bitcoin SV’s technical director and the team will also have a pool of 5 C++ developers, a part-time Dev Ops resource, and a range of business personnel.

“Answering the call of miners, Nchain is happy to provide technical capabilities needed to support Bitcoin SV,” explains Jimmy Nguyen, Nchain’s chief executive officer. “Once the Bitcoin protocol is fully restored and maintained, global businesses and developers can reliably build robust applications, projects and ventures upon it — just as they reliably build upon the long-stable Internet protocols.”  

The future of Bitcoin is big blocks, big business, and big growth —  Bitcoin SV is an important step toward that big future by advancing the professionalization of Bitcoin.        

Nchain Remains Focused On Another Enterprise-Level Full Node Client Called the ‘Teranode Project’

Further, the Nchain development team will still be focused on the Teranode project for the future scaling of BCH. Nchain says the Teranode protocol will be an enterprise-level BCH full node implementation that plans to target terabyte+ block capacity. According to Nchain, more details concerning the latest Bitcoin SV project will be revealed during the Coingeek Week in London this November. Jimmy Nguyen concludes during the Bitcoin SV announcement:     

This is an exciting, but also critical, time for the progress of Bitcoin BCH. We look forward to collaborating with groups around the world on projects such as Bitcoin SV to achieve our common goal — Making the original Satoshi Vision for Bitcoin a global reality.

What do you think about Nchain launching a new BCH full node? Let us know in the comment section below.


Images via Shutterstock, Nchain logo, Bitcoin SV announcement, and Pixabay. 


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Squire Partnership Gives Coingeek Exclusive Rights to 10nm ASIC Chip

Squire Partnership Gives Coingeek Exclusive Rights to 10nm ASIC Chip

On Wednesday, August 15, blockchain firm and mining organization Coingeek, led by entrepreneur Calvin Ayre, announced that the company has signed a deal with Canada-based Squire Mining Limited. Coingeek details the company will have exclusive rights to Squire’s new ASIC chips and mining rigs that mine bitcoin cash (BCH) and a variety of other cryptocurrencies.

Also read: Bitcoin Cash Acceptance Grows — Dish Network and Flow Partner With Bitpay

Coingeek Partners With Squire Mining to Deploy Next-Generation ASIC Hardware

Squire Partnership Gives Coingeek Exclusive Rights to 10nm ASIC ChipNews.Bitcoin.com recently reported on Squire Mining Limited (CSE: SQR) securing $25,500,000 CAD (~$19.5 million USD) in private placement financing and its exclusive distributor agreement. According to the company, Squire plans on using the funds to deploy a next-generation 10nm application-specific integrated circuit (ASIC) and mining rig. Following this announcement, Coingeek revealed the company has entered into a partnership with Squire. The deal will allow Coingeek the right to market, promote, solicit, and sell the new ASIC semiconductors and mining rigs using the Coingeek logo and brand.

“This next generation equipment is being designed with a projected hashrate that is expected to be significantly faster while utilizing less power than the leading crypto-mining equipment currently available on the market today,” Coingeek explains.

Moreover, Squire has also entered into an exclusive distributor agreement with associates of Bitcoin BCH’s largest mining company, Coingeek.com, which will be granted the exclusive right to market, promote, solicit, sell and distribute Squire’s new ASIC chips and mining rigs to Bitcoin BCH and other altcoin miners throughout the world.

Squire Partnership Gives Coingeek Exclusive Rights to 10nm ASIC Chip
Over the last few weeks, Coingeek has become the largest bitcoin cash (BCH) miner by hashrate.

The Firm Invites All Enterprise Level Miners to Attend Coingeek Week to See the 10nm Chip Designed by Peter Kim

According to Squire, the next-generation 10nm chips will be developed by well-known semiconductor and system architect Peter Kim. Squire signed a letter of intent with Kim on March 14 which includes the creation and commercialization of next-generation 10nm ASIC chips.

Coingeek plans to showcase the new mining hardware this November during the company’s next conference in London. The firm details that initial sales will be geared towards BCH miners because bitcoin cash has incredible utility as digital money that scales and allows applications that use microtransactions to thrive.

“We will have a booth at the Coingeek.com Week Conference during the last week of November,” Coingeek notes.

All enterprise level miners are invited to come to this event to meet with us and discuss how this product can improve your business.

What do you think about Coingeek partnering with Squire in order to produce next-generation ASIC chips? Let us know your thoughts on this subject in the comments section below.


Images via Shutterstock, Coingeek, and Pixabay.


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Fivebucks.com: Meet the Freelancer’s Marketplace Powered by Bitcoin Cash

Fivebucks.com: Meet the Freelancer's Marketplace Powered by Bitcoin Cash

Three days ago a new freelancer’s marketplace was launched called Fivebucks.com, a platform that allows people to purchase and sell services for only $5. The new website has seen an influx of listings since it launched and all the payments, both inbound and outbound, utilize the peer-to-peer cryptocurrency bitcoin cash.

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots

Every Service on Fivebucks.com is Just Five Dollars in Bitcoin Cash

Fivebucks.com: Meet the Freelancer's Marketplace Powered by Bitcoin CashThis week a new freelancer’s marketplace has launched that allows people to list and complete a wide array of services for only five bucks. All a user has to do is register with a valid email and they can either add a listing or peruse through the eight categories of services offered on Fivebucks.com. The eight sections of listings include tech, fun & lifestyle, business, digital marketing, graphics and design, writing and translation, video & animation, music & audio, programming.

The creators of Fivebucks explain the charity @eatbch inspired them to launch a platform that bolsters the gig economy with just a small fraction of bitcoin cash (BCH). “Thanks to bitcoin cash, anyone with an internet connection can get paid for their work directly without intermediaries and regardless of where they are from,” explain the Fivebucks founders.

All payments and seller payouts are done in bitcoin cash — Sellers can withdraw their earnings in bitcoin cash in one click.

Fivebucks.com: Meet the Freelancer's Marketplace Powered by Bitcoin Cash

Fivebucks Co-Founder: ‘Bitcoin Cash Is the Only Major Crypto That Is Reliable as Digital Peer-to-Peer Cash’

At the moment, Fivebucks has 85 active listings, and 166 sellers within the marketplace. News.Bitcoin.com spoke with the co-founder of Fivebucks.com and he explained why the website was created and more importantly why the team chose to utilize BCH payments for marketplace services.

Fivebucks.com: Meet the Freelancer's Marketplace Powered by Bitcoin Cash

“[We started Fivebucks.com] to create something that is competitive, offers value and fosters BCH adoption The site, in my opinion, generates incentives both for sellers and buyers to start using bitcoin cash I like to think of Fivebucks as an adoption engine,” the co-founder of Fivebucks.com details. “On one hand it incentivises business owners in first world countries (but not only) to learn how to use bitcoin cash so they can save money and outsource small tasks for cheap.”

At the same time, it incentivises freelancers (from poor countries but not only) to learn how to use bitcoin cash because there will always be demand for $5 listings. [We decided to use bitcoin cash] because it is the only major crypto that is reliable as digital peer-to-peer cash.

Right now you can buy an assortment of interesting services for only five dollars in BCH per service which includes getting a cartoon portrait drawn, debugging python script, tarot reading, vector graphics, and even someone who will say anything you want on video for only five bucks. The creators of the freelancer’s marketplace also have published a walkthrough on the social media platform Yours.org called “Advice for Sellers” which gives a rundown of ways people can improve their chances of selling on the platform.

What do you think about the marketplace Fivebucks.com? Let us know what you think about this subject in the comment section below.


Images via Shutterstock and Fivebucks.com


Be sure to check out the podcast, Blockchain 2025; latest episode here.

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Crowd Source or Complete Tasks With Bitcoin.com’s Bounty Hunter Portal

Crowd Source or Complete Tasks With Bitcoin.com's Bounty Hunter Portal

Ever since the Bitcoin network was launched the online world of digital bounty hunting began to prosper significantly, allowing individuals the ability to scour the web for jobs that pay in cryptocurrency. Just recently Bitcoin.com revamped its portal, Bitcoin Bounty Hunter, a service that allows anyone to anonymously crowd source bounties to complete tasks. Armchair detectives and online bounty hunters can make a lot of money as the current bounty list has close to $400K in digital asset rewards available.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Bitcoin Bounties Enables Economic Prosperity from Remote Locations All Around the World

Bitcoin is an incredible technology that has not only revolutionized money but the protocol has also transformed many other facets of the world’s economy and the way we interact within the online world. The concept of cryptocurrency bounty hunting had naturally emerged almost immediately after Satoshi launched the peer-to-peer currency and thousands of individuals have completed tasks over the years in order to grow their coin reserves.

Crowd Source or Complete Tasks With Bitcoin.com's Bounty Hunter Portal
At the time of writing the listed bounties on Bitcoin Bounty Hunter add up to close to $400K USD worth of bitcoin rewards.

Bitcoin.com is all about economic freedom and prosperity through free market capitalism, so we’ve launched our own bounty portal that allows anyone the ability to crowdsource bounties. Furthermore, highly skilled bounty hunters looking to complete online ventures can visit the Bitcoin Bounty Hunter page so they can earn a bunch of bitcoin cash.

Bitcoin Bounty Hunter: Close to $400K USD Worth of Cryptocurrencies Available Now

At the moment, Bitcoin Bounty Hunter has close to $400,000 USD worth of bitcoin cash (BCH) and bitcoin core (BTC) dispersed among six unsolved bounties. Some of the tasks include helping catch whoever is responsible for the missing 600,000 BTC from Mt Gox, find out who is responsible for the thousands of BTC stolen from Bitcoinica, help identify a Localbitcoins scammer named ‘Pablo777’ who stole 10 BTC from a trader, and a few more unsolved mysteries for online sleuths to solve.

Crowd Source or Complete Tasks With Bitcoin.com's Bounty Hunter Portal
Six bounties available today. All types of tasks can be crowd sourced like project building, design services, video work, writing tasks, software development, bug fixes, marketing needs, and really any undertaking you can think of that doesn’t involve violence or harassment. 

The bounties have full summaries of undertakings while also supplying important documents and clues. We originally started the bounty hunter page so we could help find the criminals who stole thousands of cryptocurrencies from innocent victims. But we have grown the service in order to include all kinds of tasks from within the crypto-community. If you have a task that you need accomplished take a minute and fill out the bounty request form.

Initiate All Types of Bounties or Help Complete Tasks in Order to Grow Your Coin Reserves

For instance, the types of bounties an individual or organization can initiate could include project building, design services, video work, writing tasks, software development, bug fixes, marketing needs, and really any undertaking that you are will to pay for with bitcoins. As mentioned above we allow bounties for a person who has committed a crime in which there is a victim, but we strictly prohibit any bounties involving violence or harassment.

There’s a lot of funds available for armchair detectives and online bounty hunters to complete already. Moreover, if a third party feels strongly about supporting a specific bounty they can anonymously contribute funds to the prize pool by donating to the associated bitcoin address tethered to each bounty.

So if you are in a position to fund tasks or you have the spare time to complete online bounties then you should check out our Bitcoin Bounty Hunter portal today!

What do you think about the Bitcoin Bounty Hunter page? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, and Bitcoin Bounty Hunter.


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New Player to Offer Next Generation ASIC Chips This Year

New Player to Offer ASIC Chips This Year

A new competitor is advancing on plans to enter the mining hardware market by the end of the year. Canadian company Squire Mining has raised almost $20 million to finance the design, development, and testing of a new ASIC chip and bitcoin mining rig. Squire also wants to set up its own crypto mining facilities.   

Also read: Venezuela to Have Two Units of Account – Petro and Petro-Pegged Bolivar

$20 Million to Develop New ASIC Chip

Squire Mining Ltd., a Canada-based investment company focused on global resource exploration and tech projects, has closed its non-brokered private placement equity financing of $25,500,000 CAD ($19.5 million USD). The money will be invested in a planned change in business – the firm now wants to enter the crypto space.

Squire intends to use financing proceeds to fund the design, development, testing and mass production test run of the company’s “next generation” ASIC chip and bitcoin mining rig, according to a press release. A portion of the funding will be reserved for further research and development of a second generation chips and rigs, and to cover marketing, promotion and distribution expenses.

New Player to Offer Next Generation ASIC Chips This Year

The company says it hopes to complete the manufacture and assembly of a pilot production test run of its first bitcoin (BTC) mining ASIC chip and rig by the end of the fourth quarter of 2018. According to a partnership agreement with design and system engineering architecture expert Peter Kim, which was signed in March, the ASICs will be 10nm chips.

The joint venture, in which the company will hold an initial 66 2/3% interest and Kim will hold 33 1/3%, will be based in South Korea. It will be responsible for the design, development and commercialization of the highly specialized hardware. Once the ASIC chip development is completed, the enterprise will also take care with sales of bitcoin and other crypto-mining systems and work to develop its own mining facilities.

Growing Mining Industry Attracts New Competitors

Squire Mining, which is currently filing final listing documents with the Canadian Securities Exchange, notes that the development of the nextgen chips and system architecture is the central foundation for the growing crypto industry. Its entry into the mining sector, currently dominated by the Chinese giant Bitmain which controls about 80% of the market, is expected to increase competition in the space.

New Player to Offer Next Generation ASIC Chips This YearCrypto mining is a profitable business and the Beijing-based Bitmain, which also owns some of the largest mining facilities, has reported profits of more than $3 billion dollars in 2017. The mining behemoth is now trying to diversify its product line – it recently launched two new Wi-Fi routers capable of mining x11 and blake2b cryptocurrencies like dash and siacoin.

Bitmain announced the routers days after Canaan Creative, the world’s second largest manufacturer of cryptocurrency mining equipment, said it was planning to sell a TV set that doubles as a mining rig.

Other players, including companies like Samsung, are also trying to take a share of the market. This spring, the South Korean electronics giant reported increasing profits thanks to its production of bitcoin mining chips. In July, Japanese internet giant GMO launched an upgraded version of its bitcoin miner equipped with 7nm ASIC mining chips. The new rig boasts a higher hash rate and is capable of mining both bitcoin core (BTC) and bitcoin cash (BCH).

Are you expecting more companies to join the competition in the mining hardware sector? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock.


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Markets Update: Bloody Crypto-Markets Suffer More Losses

Markets Update: Bloody Crypto-Markets Suffer More Losses

Leading up until this Tuesday a great majority of cryptocurrency markets have lost considerable value over the past few days. Since our last markets update this past Saturday, the overall cryptocurrency capitalization as a whole has dropped significantly by losing $20 billion USD. All eyes will surely be fixed on digital asset charts this week as there’s been a plague of bearish market sentiment cast over the entire crypto-economy.

Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip 

There’s Blood in the Crypto-Streets

When it comes to cryptocurrency markets today on August 14, there’s an awful lot of ‘blood in the streets.’ During yesterday’s trading sessions, the entire cryptocurrency economy dropped under the sub-$200B zone and today the valuation is hovering around $195-199B. This is due to the extreme losses many digital currencies have suffered through over the past three days. A great majority of coins are seeing losses between 3-25 percent today as many assets have touched their previous bottoms or lower. Overall trade volume this Tuesday has increased, likely because prices are so low right now, and over the last 24-hours around $15.9B cryptocurrencies have been traded.

Markets Update: Bloody Crypto-Markets Suffer More Losses
The top ten digital assets today on August 14, 2018, at 10 am EDT.

Bitcoin core (BTC) has been able to dodge a lot of the downward blows as the currency has lost a lot less percentage wise than most other coins. This has led to BTC dominance or its market capitalization measured in comparison with the entire crypto-economy valuation to spike upwards of over 54 percent. Out of the top ten digital assets, cardano (ADA) has taken the biggest blow and has sunk to the 8th highest position because it lost over 16.8 percent in value over the last 24-hours. The price of ADA has dipped to around $0.09 per coin at the time of publication.

Markets Update: Bloody Crypto-Markets Suffer More Losses
Out of the top ten digital assets, cardano (ADA) has lost the most over the last 48-hours.

This is followed by the second biggest top ten loss with ethereum (ETH) seeing its market value lose 16.1 percent today with one ETH trading for $268. The third largest top ten loss today belongs to EOS as its markets are down 13.7 percent with one EOS trading for $4.44 per coin.

Bitcoin Core Market Action

Bitcoin core markets are down 3.94 percent today, and the cryptocurrency has been fighting to hold above $6,050-$6,175 per coin over the last day. Last night the BTC/USD price dropped to $5,880 coming awfully close to the currency’s assumed bottom at $5,774. Today BTC trade volume over the last day has been fairly decent at $5.5B and the currency’s entire market valuation is about $106B at press time.

Markets Update: Bloody Crypto-Markets Suffer More Losses

The top five exchanges swapping the most BTC includes Bitflyer, Okex, Bitfinex, Binance, and Coinbene. The trading pairs seeing the most swaps today with BTC includes tether (USDT 50.2%), USD (26.5%), JPY (11.3%), EUR (4.7%), KRW (2.4%) and bitcoin cash (BCH 1.88%).

Markets Update: Bloody Crypto-Markets Suffer More Losses
BTC/USD 4-H, August 14, 2018, 10 am EDT Coinbase.

Bitcoin Cash (BCH) Market Action

Bitcoin cash markets have seen a 24-hour loss of around 15 percent today and the currency’s market capitalization is around $8.5B. At the moment bitcoin cash is trying to stay above $490-515 at the time of writing but bulls have been struggling. Last night BCH dipped to a low of $472 on Bitstamp, but trade volume had spiked over $400M+ pushing the price back up after the drop.

Markets Update: Bloody Crypto-Markets Suffer More Losses

The five leading bitcoin cash exchanges today include Coinex, Okex, Binance, Hitbtc, and Bitfinex. The currencies that are currently being traded with bitcoin cash the most includes tether (USDT 49.1%), BTC (27%), USD (13.1%), QC (2.83%), ETH (2.79%), and the KRW (1.88%).

Markets Update: Bloody Crypto-Markets Suffer More Losses
BCH/USD 4-H, August 14, 2018, 10 am EDT Bitfinex.

The Verdict: Volatile Markets and Heavy Losses Increase Uncertainty

Digital asset markets have been wild over the past few weeks and many traders seem uncertain about where the ‘good-ship-crypto’ will go from here. 2017 was an exceptional year and the past seven months of 2018 has been literally the exact opposite as far as cryptocurrency values are concerned. The cryptocurrency economy as a whole has lost considerable value which in turn is brewing deep skepticism towards the future of certain crypto-markets. For now, most traders remain uncertain of where things will go and many are praying they played their positions correctly in hopes they don’t get squeezed. At the moment digital asset prices are starting to see a slight recovery after the significant losses last night. 

Where do you see the price of BTC, BCH and other coins headed from here? Let us know in the comment section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Trading View, and Satoshi Pulse.


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Introducing Bitcoin Cash Charts a Graphical Constellation of BCH Data

Introducing Bitcoin Cash Charts a Graphical Constellation of BCH Data

Since we launched Bitcoin.com back in 2015 all of us have been extremely busy building our website to be the number one go-to source for all things Bitcoin related. These days we have forums, a non-custodial wallet, games, educational resources, a crypto-market data portal called Satoshi Pulse, a newsdesk, and so much more. This week Bitcoin.com has launched our newly revamped charts portal which now shows the entire Bitcoin Cash (BCH) ecosystem at a glance. We’re super pumped to share our new chart page that shows the BCH price, market capitalization, daily transactions, money supply and a myriad of other charted factoids that’s sure to make any BCH supporter’s life a whole lot nicer.

Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

Bitcoin Cash Charts

Bitcoin.com is pleased to announce our new Bitcoin Cash Charts web portal a site that’s dedicated to providing the public with a beautiful and rich display of the BCH ecosystem. Every single day there’s a lot going on within the Bitcoin Cash environment and people usually have to jump around to multiple websites to get charts and data in order to get certain info on their favorite cryptocurrency. With Bitcoin Cash Charts we’ve packaged everything all in one place for BCH enthusiasts, businesses, traders, merchants and basically anyone interested in this innovative technology.

Introducing Bitcoin Cash Charts a Graphical Constellation of BCH DataOur re-charged charts portal for BCH market action shows viewers:

  • The Bitcoin Cash Price
  • BCH Market Capitalization
  • BCH Daily Transactions
  • BCH Money Supply
  • Chain Value Density
  • Price Volatility

Bitcoin Cash Activity, Blocks, and Economics

Our charts take things a bit further with information on BCH transaction values, total transactions, fee percentage, fee rate, transaction amount, average UTXO amount, and the avg. UTXO value. Big block fans can get a glimpse at the Bitcoin Cash network’s blocks as our charts also measure block size, block intervals, blockchain size, block height, daily blocks, and the number of transactions per block. The economic section covers a broad constellation of Bitcoin Cash data as well showing the decentralized currency’s inflation rate, Metcalfe’s Law, the Velocity of Money and more.

Introducing Bitcoin Cash Charts a Graphical Constellation of BCH Data

Advanced Charts and Customizable Toggles  

Lastly, for the tech-savvy Bitcoin Cashers, the advanced section shows transaction size, output volume, UTXO growth and other statistics. Moreover, there are many toggles within each chart interface that can change a wide array of perspectives like a linear or logarithmic view, night & day mode, grid display, and a few more features that give the user experience a more custom feel.

Introducing Bitcoin Cash Charts a Graphical Constellation of BCH DataAt Bitcoin.com we are thrilled to launch such a rich display of charts and graphical information for people seeking knowledge about the BCH ecosystem. We also want people to share our recorded data and Bitcoin Cash Charts gives our visitors the ability to download a chart’s CSV file, an embedding code, and a markdown Reddit link as well. So if you like data that charts a large portion of the flourishing Bitcoin Cash network then our charts section is the place to be.

What do you think about Bitcoin.com’s recharged charts section covering the Bitcoin Cash ecosystem? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, and Bitcoin Cash Charts


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China

Crypto Café and Coworking Space Hash House Established in Xi'an, China

A new crypto cafe and coworking space, called Hash House, has been established in the city of Xi’an, China. It seems like a cool place to go whether you want to learn about the latest trends, develop your own project, or just grab a coffee for BCH.

Also Read: The Daily: Huobi OTC to Support Dồng, Dymon Asia Backs Crypto Platform

Say Hello to Hash House

Crypto Café and Coworking Space Hash House Established in Xi'an, ChinaHash House is a new crypto-themed cafe and coworking space in the Chinese city of Xi’an, the capital of Shaanxi Province and home of the famous Terracotta Army. After operating under the radar for about a month, the venture is planning to celebrate its official opening with a three-day “Blockchain Carnival” event in late August. Inside the cafe, Hash House have set up a mining exhibit that displays mining hardware and their history, cryptocurrency-themed decorations, and a crypto shop that sells related merchandise such as different hardware wallets from around the globe.

Serving as a crypto community center, Hash House also provides learning materials for free, such as white papers and relevant books. Every week the place will host seminars and meetups about different subjects to share the latest crypto news and trends to locals for free. And the cafe actually serves specialized food and drinks that can be paid for with Bitcoin Cash (BCH). Complementing the public cafe are professional development studios for relevant startups, offering a classroom, multiple meeting rooms, a 2000 square-meter exhibition area and 500 square meters of office space.

Giving Back to the Community

Crypto Café and Coworking Space Hash House Established in Xi'an, ChinaSpeaking with news.Bitcoin.com, the founder of Hash House, Kirk Su, explained the rationale behind the new venture. When he came back to China after graduating from Indiana University, Kirk noticed that actual adoption is still very low in his home country, outside the major coastal cities, compared to what he saw in the West. He was already involved in the crypto mining world for three years at that point and wanted to “give back to his community the culture of bitcoin because that is something that people deserve to know.”

The purpose of Hash House is to introduce new people to the concept of cryptocurrency and educate against any negative perceptions they might have, as the topic is often only reported by the general media regarding scams. And above all, the team will teach newcomers about the utility, history and legacy of Bitcoin Cash, which Kirk explains “is the real Bitcoin.”

By having a team who make Bitcoin-themed swag and drinks, as well as attractions like a Harley Davidson for sale for which the only crypto accepted is BCH, the place exudes a very cool vibe. Kirk explains that this, in addition to the various activities, gives people great photo-taking opportunities for social media, thus promoting Bitcoin Cash from the ground up to new people. And the attraction seems to be working, as the place has only been open for about a month and already people are flying in from all over China just to see it for themselves, Kirk says.

Are you looking forward to grabbing a coffee at Hash House next time you visit Xian? Share your thoughts in the comments section below.


Images courtesy of Hash House.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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PR: BITTECH Offers Two Mining Machines, Equipped with Mining Chips Using a Cutting-Edge 10 Nm Process Technology

BITTECH Offers Two Mining Machine, Equipped with Mining Chipsusing a Cutting-Edge 10 Nm Process Technology

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

BITTECH starts selling a new range of cryptocurrency mining hardware powered by 10 nm semiconductor chips (10 nm BT0010a and BT0010La mining chips). It is to be recalled that BITTECH introduced its first ASIC miner as early as mid-May, 2018. Bittech One based on 14 nm ASIC chip BT0014 is characterized by 28TH/s hashing power, while energy consumption makes 2200W.

A new range of mining hardware includes two models:
1. Bittech One Mini is a 10nm-based ASIC for private mining. ASIC is characterized by compact sizes, SHA-256-based 16TH/s hashing power, and 1150W power consumption. Retail price will make $880, including power supply unit. Pre-ordered mining hardware will be delivered as early as mid-September 15-25.
2. Bittech L-One is a new Scrypt-based solution for cryptocurrency mining (like LiteCoin). This is a 10nm BT0010La-based mining hardware with the hashing power of 2.3GH/s and energy consumption of 2600W. The miner is priced at $1970, including the power supply unit. Pre-ordered mining hardware will be delivered as early as mid-September 15-25.

BITTECH’s mining hardware based on advanced 10nm semiconductor chips is an “all-in-one” solution with Murata/Artesyn inbuilt power supply units, supporting hot replacement. Even a newbie can set up its unsophisticated and user-friendly software. All miners are covered by 180-days warranty.

BITTECH Limited was engaged in R&D with regard to 10 and 14nm advanced chips since early 2017. At the moment, the company has finished its R&D and offered own mining hardware to a wide range of customers. Aside from miners and chips, the company is going to establish four large data centers in Canada, Iceland, Estonia, and Russia. It has started the construction of Russia’s data center for 9000 miners with the total processing power of 21MW in April 2018. The company will lease a part of premises to its customers under colocation agreements.

More information about BITTECH:
Official website: bittech.cn.com
Twitter: twitter.com/bittechI

Press Contact Email Address
info@bittech.cn.com

Supporting Link
https://bittech.cn.com/news4

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

Last week, news.Bitcoin.com reported on the proposed consensus changes published by the Bitcoin ABC development team, and the opposition towards certain elements of that proposal from a few BCH community members. Now the blockchain firm and mining organization Coingeek, led by the billionaire tycoon Calvin Ayre, has revealed some different proposed changes to the BCH protocol that the group would rather support. Moreover, Coingeek also explains the company has designed a next-generation ASIC chip that will be unveiled during the last week of November in London.

Also read: The Opposition Towards Bitcoin ABC’s Proposed Upgrade Changes

Craig Wright: The Plan is 128MB This November

Coingeek Speaks on Consensus Changes and Next-Gen ASIC ChipThree days ago we reported on the proposed changes being added to the next full node client published by the Bitcoin ABC development team. The new code changes should be in the next codebase release which is expected to be ready on August 15 for testing. As we discussed, the ABC developers plan to add canonical transaction ordering, a minimum transaction size of 100 bytes, activation of OP_CHECKDATASIG and OP_CHECKDATASIGVERIFY (CDSV), and push-only mandatory for scriptsig.

However, Nchain’s Craig Wright explained that CDSV would not happen while also detailing that friends like Calvin Ayre would not support the change. A few days later on August 11, Wright explained his preferred consensus changes that he would like to see implemented on the BCH chain this coming November. Wright states:

The plan is 128MB this November — 512MB in May 2019 — 2.0 GB in Nov 2020 and – after this, it is unbounded. There will be NO limits ANYWHERE in bitcoin. We expect 337k USD in fees a block just from one use case. That will then fuel BCH to become global money.   

Coingeek’s Statement Against Certain Changes and the Mining Pool’s November Suggestions

Coingeek Speaks on Consensus Changes and Next-Gen ASIC ChipFollowing this, on August 13 the mining organization Coingeek, which captures over 20 percent of the BCH hashrate, once again made a statement concerning Bitcoin protocol changes. The company starts off by explaining that it is fully committed to the global success of the original Bitcoin protocol which is “now restored in the form of Bitcoin Cash BCH.” Furthermore, Coingeek emphasizes that as a “significant miner” there are a few consensus changes they plan on supporting that are different than the changes proposed by Bitcoin ABC. The Coingeek proposal shows three features they would like to see implemented this November:            

  • Continuing the program to re-enable the original set of opcodes. Specifically for November, CoinGeek supports re-enabling OP_MUL, OP_LSHIFT, OP_RSHIFT, and OP_INVERT.
  • Removing the current limit of 201 opcodes per script.
  • Raising the maximum block size to 128MB.

Additionally, Coingeek notes some changes within the Bitcoin ABC proposal that the organization will not support. Coingeek agrees with Craig Wright, and explains they will not “commit their hashpower” to any software implementation that supports “canonical transaction ordering and OP_CHECKDATASIGVERIFY (CDSV).”

“In the longer term, Coingeek will continue to support only consensus changes that restore the original Bitcoin protocol, and those that may be demonstrated as absolutely necessary to meeting the goal of massive on-chain scaling to terabyte+ blocks,” the mining pool details.

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip
Coingeek’s hashrate over the last seven days.

Coingeek Emphasizes It Will Support the Best Interest for All Enterprise Bitcoin Cash Miners, and Plans to Unveil a “Next Generation ASIC Chip Design” This November

Coingeek also says it encourages the development of plug-in transaction selection, removing transaction delays, free and cheap fees, computational cost-based fee calculation, and the implementation of a secondary transaction cache to allow double spend monitoring for transactions. The firm says it will continue to support the original vision of Bitcoin and says other mining pools should join them in taking a stance.

“Coingeek’s suggested path is in the best interest of all enterprise-level mining operations and we welcome working together to support this now,” the company notes.

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

Following the statement toward enterprise mining operations, the company has also revealed it has designed a “next generation ASIC chip.” According to Coingeek, the chip will be optimized for enterprise-level mining on the Bitcoin Cash network. Coingeek details it will be showcasing the new technology at a booth during the organization’s London conference in November. The BCH mining pool says they invite all miners to join them at the even so they can plan for the future of the industry.

What do you think about Coingeek’s statements and proposals for the upcoming November Bitcoin Cash hard fork? What do you think about Coingeek announcing next-generation enterprise-grade mining chips? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Coingeek logo, Nchain logo, Coindance, and Pixabay. 


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip appeared first on Bitcoin News.

Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

Developer Gabriel Cardona was personally recruited to fast track development of Bitcoin Cash (BCH). Open source, full featured development kit, Bitbox, his creation, has taken the community by storm, and it is now part of the Bitcoin.com developer universe. Money, Mr. Cardona likes to say, is critical to the human condition. And BCH and its blockchain are enabling financial sovereignty in a way which, he believes, is unique in history.

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots

Developer Gabriel Cardona Seeks a Path to Change the World Through Bitcoin Cash

This week, developer Gabriel Cardona was guest for a full hour on the Vin Armani Show. At about the one hour and eight minute mark, Mr. Cardona began to lay out reasoning behind the burst of innovation in development on the Bitcoin Cash blockchain.

With hotshot initial coin offerings ringing-in billions, venture capitalists pouring money into project after project, and nearly all crypto talk dominated by speculative price analysis, idealism is hardly ever mentioned. There is almost a sense of innocence lost, having given way to strange corporate realism. When idealism is employed, derision and condescension aren’t too far behind nowadays. Mr. Cardona, however, champions bitcoin cash as “the soundest money the world has ever known. As a developer you can make it available to all people, whatever their age, gender, nationality or financial status,” he explained to Vin Armani, founder of Coin Text, the text messaging way to send BCH without an internet connection.

Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

Mr. Cardona describes himself, 37, as a decidedly different person professionally, “a whole different frequency” only ten years ago. He spent most of his twenties vagabonding, playing music, traveling. Becoming a father around this time sobered him to clearer thoughts about a career going forward. A chance community college course led to his first project, then another, and another. For whatever reason, the web has always resonated with him. The ubiquity, the chance to be impactful on a large scale, appealed to Mr. Cardona professionally.

That professional path eventually led him to code for Walmart, Target, Taco Bell, and to Triple A — all web development projects. Somewhere along the line, 2012 ish, he discovered bitcoin and Gavin Andresen’s Faucet, where Mr. Cardona received five bitcoin. This kept him interested as he went about his regular career. In fact, he’d put the idea aside for years while keeping an ear and eye to key hacker news outlets. When talk about a fork in mid 2017 was heating up, Mr. Cardona described the inevitable as not optimum, certainly, but ultimately the right path when two factions just cannot agree.

Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

The Revelation

From there he deduced one of the chains would eventually have an innovation explosion. When he was able to access bitcoin cash (BCH) coins, and he started to use them, it suddenly grabbed him completely: this is bitcoin, the tech that made a great many wonderful people fall in love. Still, he wasn’t yet convinced enough to enter the space in any permanent way. In fact, he took to the burgeoning 3D printer industry. Upon looking more deeply into smart contracts, he encountered Ethereum’s Truffle Suite. He describes this as a revelation.

It was shocking. Nothing like a good framework, a suite of abstractions, allowing developers to work ten times faster existed for Bitcoin. There wasn’t anything like it in the BCH space. With that realization, he coincidentally took some time off to try and “have the vision.” It’s this kind of talk that makes Mr. Cardona so compelling. Devs are not known for their ability to communicate vulnerabilities, to be, well, human. Mr. Cardona has that in spades.

Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

That in-touch-ness no doubt sets him apart. He’s humble enough to know he needs mentors, guides, to help check himself along the way. Enter Pete Flint, 44, a British entrepreneur now based in San Francisco at the venture capital firm, NFX, where he is a managing partner. Mr. Fint is perhaps best known for having been founder and CEO of Trulia, which he eventually sold for something like a billion dollars. Mr. Cardona worked there for a spell, and the two hit it off. On his break to “have the vision,” he met up again with Mr. Flint.

That was half a year ago. Mr. Cardona credits Mr. Flint with urging him to move from hardware to software, and onto to BCH solutions. That very night Mr. Cardona began working on a library that morphed into framework, and has now become the solution platform, Bitbox. An immediate success, having been downloaded tens of thousands of times in a very short period, Bitbox got the attention of nearly everyone in The Know. Two months ago he joined Bitcoin.com to put Bitbox into full-on practice. For the un-technical, Bitbox assumes many functions every dev needs, thus speeding up a project’s process, allowing innovation to come at much faster paces. The implications for its power are simply mind-blowing. As Vin Armani commented during the interview, had something like Bitbox been available as little as three years ago for Bitcoin, everything would’ve changed. That it’s now an intimate part of BCH means the future of money is on a Cardona path.     

Is the pace of innovation on the BCH chain surprising? Let us know in the comments section below. 


Images via Pixabay, Vin Armani.


Be sure to check out the podcast, Blockchain 2025; latest episode here. Want to create your own secure cold storage paper wallet? Check our tools section.

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