BITCOIN EXPLAINED (BC Explained ep 1)

Salesman: Rat skins, dodo-heads, tepid lemonade. Get out of it! Rat skins, dodo-heads, tepid lemonade- G’day mate I’ll take uh, five of your rat skins and one of those tepid lemonades. That’s one chicken, mate. That’s not a chicken. No. That’s much better than a chicken, my friend. That is gold. What? Gold. The currency […]

Bitcoin Q&A: CME Bitcoin Reference Rate

[AUDIENCE] My question is about [the Chicago Mercantile Exchange]. On December 10th, if I’m correctly informed, the CME is going to start futures trading [of bitcoin]. Since this year, we have seen already two forks, almost three. Forking is something quite new to a futures exchange; the underlying assets usually don’t fork. I haven’t seen […]

What is Bitcoin Mining?

What is Bitcoin mining? Bitcoin operates as a peer to peer network. This means that everyone who uses Bitcoin is a tiny fraction of the bank of Bitcoin. But where do Bitcoins come from? With paper money a government decides when to print and distribute money. Bitcoin doesn’t have a central government. With Bitcoin, miners […]

Bitcoin, Bitcoin Cash see volatile price fluctuations, local virtual currency exchanges paralyzed

The world’s most popular cryptocurrencies, Bitcoin and Bitcoin Cash saw wild price fluctuations over the past few days,… with Bitcoin’s price tumbling and Bitcoin Cash’s soaring. The immense number of transactions even overloaded local Bitcoin exchanges, leaving them paralyzed. Lee Ji-won has more. The prices of Bitcoin and Bitcoin Cash fluctuated violently over the weekend,… […]

Bitcoin Q&A: Block capacity and embedded data

“What can you put on the Bitcoin blockchain?” “Andreas, how many transactions can fit in a block, with and without SegWit?” “In addition, what kind of other data can you include in a block? Thanks.” Great question. I can’t give you an exact number because it depends on the nature of transactions. Transactions can vary […]

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