Category Archives: n-technology

Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian Market

Russia has been suffering from a shortage of graphics cards that can be used to mine cryptocurrencies, causing their prices to almost double. However, it was not ordinary households that purchased most of these cards. State-owned Sberbank has come forward, admitted to buying them, and apologized for causing the shortage…. Read more »

Bitcoin-Based Ethereum Rival RSK Set to Launch Next Month

The long-awaited smart contract solution for Bitcoin’s blockchain that offers additional scaling improvements, RSK, is preparing to launch. News.Bitcoin.com spoke with Sergio Demián Lerner, RSK Labs’ chief scientist, about to what to expect from the RSK launch as well as the subsequent launch of the Lightning-style scaling upgrade Lumino. Also… Read more »

Cracks Appear as Critics Label Bitconnect a Ponzi Scheme

To its founders, Bitconnect “is an open source, peer-to-peer, community-driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment”. To its critics, Bitconnect is a pyramid scheme that rewards early adopters and leaves stragglers holding… Read more »

Software Wars: Segwit2x Uncertainty and the Casting of Miner Votes

Just recently news.Bitcoin.com reported on the Segwit2x lead developer Jeff Garzik detailing that the upcoming fork was “still full steam ahead.” Lately, bitcoin proponents from both sides of the scaling debate have been bickering quite a bit, and now many businesses and individuals are either declaring their Segwit2x support or… Read more »

Extreme Cold Storage: A Fortress of Solitude for Bitcoins

Many bitcoin investors use hardware devices, paper wallets, and multi-signature solutions to keep their wealth safe from online threats such as hackers and malicious viruses. However, there are more extreme cold storage options for those who have lots of bitcoins, like $100,000 worth of BTC or more. One such process,… Read more »

Preparing for the Bitcoin Hard Forks: A Step-by-Step Walkthrough

At the moment there are two forks planned for the Bitcoin network, and cryptocurrency proponents are curious about taking the best preparations. One fork is called Bitcoin Gold which is scheduled for October 25, while the other hard fork Segwit2x (BTC1) will take place roughly around mid-November or block height… Read more »

Gigablock Testnet Researchers Mine the World’s First 1GB Block

This week Bitcoin Unlimited (BU) chief scientist Peter Rizun revealed the first 1GB block was mined on a Gigablock testnet on October 13. The event marks a milestone for the big block project backed by the University of British Colombia, Nchain, and the Bitcoin Unlimited (BU) development team. Also read: Meet… Read more »