Bitcoin and many protocols based on it stores its data about transactions and user balances in the form of unspent transaction outputs: a list of “unspent” Bitcoin amounts that have been sent to a user but not yet sent from him/her. The sum of these outputs is the user’s total balance. On the blockchain, they […]
Cryptocurrency volatility (part 1): In the wild cryptocurrency markets, Bitcoin is the least stressful
Cryptocurrency markets are notoriously volatile. Over the course of months and years, they can return or decline orders of magnitude in value. Over the course of days, they can double or treble. It’s not a market for the faint-hearted. Among cryptocurrencies, Bitcoin is the least volatile, day to day.
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.
There are many cryptocurrencies beyond Bitcoin. Here’s a brief introduction to the world of other cryptocurrencies, also known as as altcoins.
Miami-Dade Circuit Judge Teresa Mary Pooler threw out felony charges against Michell Espinoza, one of the first people arrested for using Bitcoin “illegally.”
On July 11, 2016, the second Bitcoin halving occurred. What is the halving and what does it matter?
A pithy non-technical history of Bitcoin.
This feature provides a broad introduction to how Bitcoin contributed to the development of online black markets like the Silk Road and how they contributed to Bitcoin’s history.