bitcoin Archives - Smith + Crown

Tag: bitcoin

Introduction to Decred

Decred is a cryptocurrency designed for P2P payments in a similar vein as Bitcoin, albeit with a focus on governance through a hybrid PoW/PoS consensus architecture. While not a fork of Bitcoin, Decred utilizes several of its design elements and explicitly aims to improve upon Bitcoin’s perceived shortcomings. Decred emphasizes governance input for all stakeholders through an on-chain voting and public proposal system; it was the first blockchain to implement an on-chain, token holder-approved hard fork.

| Article

Updates on the Bitfinex Hack (ongoing)

Bitfinex lost $60 million of customer Bitcoins. They will generalized losses: everyone will have 36% fewer funds. They will also issue a tradeable, transferable debt-equity token called BFX to compensate users.

| Article