The Bitcoin network hasn’t seen a big update in a long time, and the last time it did was in 2017, when BTC participants enabled Segregated Witness (Segwit). Since then, bitcoiners have been debating Taproot, the next big update. Gregory Maxwell, a software developer and Bitcoin Core contributor, proposed the Taproot proposal in January 2018.Continue reading “Bitcoin Miners signal for Taproot Activation”
The process of inserting and validating transaction records on the Bitcoin public blockchain ledger while ensuring network uptime is known as mining. This is how the network survives without relying on vulnerable, centralized networks or trusted third parties. Mining is often used to differentiate legitimate Bitcoin (BTC) transactions from double-spending attempts, which occur when aContinue reading “The Best GPUs for Mining as of 04/20/21”
China-based consortium IPFS Union is investing over $1.3 billion to create China’s largest decentralized storage in Jiangxi Province of Fuzhou City. As part of its “Big Data Industrial Park” project, the station will mine Filecoin (FIL), a peer-to-peer data storage platform, allowing users to trade storage without a third party, a blog article by FilecoinContinue reading “Consortium Invests $1.3B in a Filecoin Mining Facility”
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