Blockchain: Anwendungen, Zukunft und Distributed Ledger ...

Blockchain News & Cryptocurrency Reviews

BitcoinExchangeGuide reviews all areas of cryptocurrency, blockchain and bitcoin. We will cover initial coin offerings (ICO), mining opportunities, training programs, blockchain distributed ledger technology and Crypto News!
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Clears Connect

CLEARS leverages the power of the blockchain to ensure every KYC is time-stamped inside the Ethereum ledger where data integrity is guaranteed.
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Bitcoin USA

The official reddit Bitcoin Community for these United States of America!
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Unocoin is India’s leading Cryptoassets & Blockchain company with over a million customers

Unocoin Bitcoin: Bitcoin is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate. Ethereum: Blockchain based distributed computing platform featuring smart contract functionality. Litecoin: Litecoin is a peer-to-peer internet assets that enables instant, near-zero cost payments to anyone in the world. Ripple: The world’s only enterprise blockchain solution for global payments. Bitcoin Cash: Continuation of the Bitcoin project as peer-to-peer digital cash forked from the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
submitted by unocoinindia to u/unocoinindia [link] [comments]

Bitcoin Cash Mega Thread

It's come to our attention that there have been quite a few posts over the past several days regarding Bitcoin Cash (BCC). This mega thread serves as a way for people to talk about it within a single post in attempt to try to help organize discussion around it. This doesn't mean BCC posts are not allowed in this sub outside of the mega thread. This thread is a fluid document which means that we will be adding/editing it as we go, with feedback from the community. This thread does not mean moderators of this sub endorse BCC, but simply is a way to help organize discussion around a certain topic as we have done in the past; see past mega threads: 1, 2, 3, 4, 5
The following FAQ has been pulled directly from the Bitcoin Cash website https://bitcoincash.org.
Common questions /btc is seeing across the board are:
  • How can I secure my Bitcoin prior to the fork on August 1st? It's best to secure your Bitcoin in a wallet where you possess the private key to. As long as you own your Bitcoin (control the private key), you will have access to your Bitcoin on both chains post-fork. There is nothing you need to do.
  • Are my Bitcoin safe if I leave them on an exchange? If you leave your coins on an exchange and not have them in your own wallet that you have the private key to, then you are at the mercy of the exchange on how they handle and manage your Bitcoin. We suggest moving them off exchanges until the fork is completed. (thanks akira_fmx)
  • Where can I download Bitcoin Cash or review the developer open source code? The Bitcoin Cash implementation website can be found here: https://www.bitcoinabc.org/ (thanks todu)
  • How can I keep tabs on BCC futures market? You can use CoinMarketCap to check prices, link here: https://coinmarketcap.com/currencies/bitcoin-cash/#markets (thanks Windowly)
  • What about Segwit2x, is that still happening? Yes it is, and at this time it has super majority consensus with 86% of blocks signaling for it. For those unaware, Segwit2X plans to activate Segwit on the main chain and then within six months hard fork to 2MB. (Agreement) (Resources)
In addition to the above, developer Jimmy Song wrote the Medium article "Bitcoin Cash: What You Need to Know," which has much of the same information found above including additional analysis from him on BCC. It's worth reading: https://medium.com/@jimmysong/bitcoin-cash-what-you-need-to-know-c25df28995cf
Also please read the update post from Bitmain in regards to BCC, Regarding “Bitcoin Cash”, ViaBTC and Bitcoin ABC: https://blog.bitmain.com/en/regarding-bitcoin-cash-viabtc-bitcoin-abc/
Another article you should read is the first one called "UAHF: A contingency plan against UASF (BIP148)" https://blog.bitmain.com/en/uahf-contingency-plan-uasf-bip148/
See also, "A Bitcoin User’s Guide to the August 1st Fork — Version 1.10" https://medium.com/@randall.tayloa-bitcoin-users-guide-to-the-august-1st-forks-version-1-0-f8fb5b42c84d
If you feel this mega thread is missing anything critical, please comment below with the information or message the mods. If you have questions about BCC, please post them in them below. The plan is to leave this thread up until or around August 1st. Thanks!

Edit:

- Bitcoin Cash Hardfork Countdown Timer

- Coin Dance Cash

submitted by BitcoinXio to btc [link] [comments]

Bitcoin Cash Frequently Asked Questions (FAQ)

All FAQs listed below have been pulled directly from the bitcoincash.org website. If you have any additional questions and answers to add to this, please leave a comment in the thread below or message the mod team.
What is Bitcoin Cash?
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.
Is Bitcoin Cash different from 'Bitcoin'?
Yes. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
If I own Bitcoin, do I automatically own Bitcoin Cash too?
Anyone who held Bitcoin at the time Bitcoin Cash was created became owners of Bitcoin Cash. This means that Bitcoin holders as of block 478558 (August 1st, 2017 about 13:16 UTC) have the same amount of Bitcoin Cash as they had Bitcoin at that time. If your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your Bitcoin Cash.
Any transactions after the August 1st ledger split are completely separate between Bitcoin and Bitcoin Cash. This means any Bitcoin acquired after the split does not include any Bitcoin Cash, and any Bitcoin Cash does not include any Bitcoin.
How is transaction replay being handled between the new and the old blockchain? Bitcoin Cash transactions use a new signature hashing algorithm indicated by the flag SIGHASH_FORKID. These signatures are not valid on the legacy blockchain. This prevents Bitcoin Cash transactions from being replayed on the Bitcoin blockchain and vice versa.
Why was a fork necessary to create Bitcoin Cash?
The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate. ​ Was the 1 MB block size limit causing problems for Bitcoin?
Yes, In 2017, capacity hit the 'invisible wall'. Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting.
Bitcoin stopped growing. Many users, merchants, businesses and investors abandoned Bitcoin. Its marketshare among other cryptocurrencies quickly plummeted from 95% to 40%.
Does Bitcoin Cash fix these problems?
Yes. Bitcoin Cash immediately raised the block size limit to 8MB as part of a massive on-chain scaling approach. There will be ample capacity for everyone's transactions.
Low fees and fast confirmations will resume with Bitcoin Cash. The network will be allowed to grow again. Users, merchants, businesses, and investors will return.
Why didn't Bitcoin raise the block size if it was easy?
Some of the developers did not understand and agree with the original vision of peer-to-peer electronic cash that Satoshi Nakamoto had created. Instead, they preferred Bitcoin become a settlement layer.
Many miners and users trusted these developers, while others recognized that they were leading the community down a different road than expected.
These two very different visions for Bitcoin are largely incompatible, which led to the community divide.
Which Development Team is In Charge of Bitcoin Cash?
Unlike the previous situation in Bitcoin, there is no one single development team for Bitcoin Cash. There are now multiple independent teams of developers.
This decentralization of development (and decentralization of software implementations) is a much needed and important step forward.
submitted by BitcoinXio to Bitcoincash [link] [comments]

Being a crypto-millionaire vs. being an ordinary millionaire. Is there a difference?

Hi guys, I made a thread like this before (maybe a month back), but I don't think I really addressed all points.
Let's say I hold, under present market conditions, 800 bitcoins. That makes 2,800,000 USD worth of cryptocurrency (assuming BTC is 3500 USD each).
There are complicated implications such as "cashing out and paying taxes" of course, which would mean paying up to 40% in some cases. But would there ever be any cases where I can actually just buy a house directly using bitcoins? I don't see this happening in the near future, but potentially 2 years later this could happen, I imagine (10 years later at max in America, there would have to be legislation in place that takes the bitcoin blockchain ledger records in to account).
So, my question I guess is, "Should some of us be prepared to cash out?" Or should we be prepared for more "mainstream" adoption? In reality there are only 22 million BTC wallets in existence as far as we can tell, and if there were billions, I imagine BTC would be 100X more valuable than its present day value.
You guys are free to bring up any other cryptocurrencies you guys can think of, I merely mention BTC because it is the most well-known at this moment.
Discuss?
submitted by sgtslaughterTV to CryptoCurrency [link] [comments]

I am not completely sure with all the coins stored in the LBRY network, is it planned that LBC can be stored in LEDGER LIVE natively? I think it would be an excellent option and being based on the Bitcoin blockchain network it would be much easier. Thank you.

submitted by victorsnk676 to lbry [link] [comments]

Bitcoin Core v. Bitcoin Cash

I have wrote this to clarify confusion between Bitcoin and Bitcoin Cash, and hopefully alleviate bias from this discussion.
Bitcoin Core (Bitcoin) (BTC/XBT) It should be acknowledged that Bitcoin Core is the original Bitcoin code released 2009; not 1st August 2017. The version history for Bitcoin Core can be seen [1]
“Bitcoin Core is an open source project which maintains and releases Bitcoin client software called “Bitcoin Core”.”
“It is a direct descendant of the original Bitcoin software client released by Satoshi Nakamoto after he published the famous Bitcoin whitepaper.” – [2]
For reasons, which will now become obvious, during the Bitcoin Cash hardfork, block 478558 (August 1st, 2017 about 13:16 UTC) [3], Bitcoin’s blockchain was split [4], consequently the formal name for Bitcoin’s group was seen to be used more frequently; Bitcoin Core. This now results in two blockchains, Bitcoin Core and Bitcoin Cash. It would be worth taking some time to read [5], as I have seen stating “Bitcoin Core has only one team”, and despite this being true, it’s a skewed detail of how that team operates with the community.
Bitcoin Cash (BCash) (BCH) “Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.” – [3] “Yes. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.” – [3]
It should be noted as specified above, Bitcoin Cash is intended as digital cash, which Bitcoin Core prior to the August hardfork, (SegWit and Lightening Network) was incapable of feasibly being used as digital cash like DASH. The context of digital cash I am referring too is instore transactions, where confirmation needs to be within several seconds.
Bitcoin Cash increasing the block size from Bitcoin Core’s 1MB block to 8MB blocks. “The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second.” – [3]. This should be acknowledged as partly true, as the block size consists of different data, which can range in size. Hence the number of transaction can be seen to range from 3.3 – 7 transactions per second. – [9]. Regardless this is still a potential bottleneck which was seen too cause much higher TX fees in 2017.
BCash This has caused much debate, whether it should be called BCash or Bitcoin Cash. The argument for using BCash is that new users to the cryptocurrency community will not understand the difference between Bitcoin and Bitcoin Cash when purchasing via Coinbase. There is a debate that the name Bitcoin Cash is preferred by Roger Ver instead of BCash for reasons of branding; where Bitcoin is a recognised name. [6] Do your own due diligence and form your own opinion regarding Bitcoin Cash v BCash.
What is the difference between Bitcoin.org and Bitcoin.com? Bitcoin.org “Bitcoin.org was originally registered and owned by Bitcoin's first two developers, Satoshi Nakamoto and Martti Malmi. When Nakamoto left the project, he gave ownership of the domain to additional people, separate from the Bitcoin developers, to spread responsibility and prevent any one person or group from easily gaining control over the Bitcoin project.” – [7] iascah Reddit.
Bitcoin.com “Bitcoin.com is your premier source for everything Bitcoin related. We can help you buy bitcoins, choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other bitcoin related companies. Are you interested in to work for Bitcoin.com? Click here to see our current opportunities.” - [8]
Conclusion Do your own due diligence and do not become influence by FUD (fear uncertainty and doubt) and FOMO (fear of missing out). Bitcoin has done well in the white paper [10] idea of ‘solving the double spending problem’, by using a decentralised public blockchain. Too which is now adopted by many other cryptocurrencies which seek to improve on features Bitcoin lacks, or features Bitcoin was not intended for, but blockchain technology has made possible. Features which Ethereum (smart contracts), Dash (digital cash) and Monero (privacy oriented transactions) added into the cryptocurrency community, making this community stronger with open source solutions.
Regardless of how people feel about Bitcoin now it has definitely been a milestone towards wider adoption of blockchain technology globally. Even in the context of having a decentralised blockchain.
References: [1] - https://bitcoin.org/en/version-history. [2] - https://bitcoincore.org/en/about/ [3] - https://www.bitcoincash.org/#faq [4] - https://www.investopedia.com/terms/h/hard-fork.asp [5] - https://bitcoincore.org/en/team/ https://www.reddit.com/Bitcoin/comments/78xe3e/whats_the_difference_between_bitcoincom_and/ [6] Roger Ver Rage Quit Interview - https://www.youtube.com/watch?v=oCOjCEth6xI [7] - https://www.reddit.com/Bitcoin/comments/78xe3e/whats_the_difference_between_bitcoincom_and/ [8] - https://www.bitcoin.com/about-us [9] - https://www.cryptocompare.com/coins/guides/what-is-the-block-size-limit/ [10] - https://bitcoin.org/bitcoin.pdf
submitted by bellmittens to Bitcoincash [link] [comments]

Bitcoin Cash (BCC) Will be Changed BCH and Listed on Allcoin Soon

Dear users:
In order to keep same abbreviation with market, Allcoin is going to instead BCC of BCH, and list Bitcoin Cash (BCH) on BTC market and CNET market soon, here is the detailed arrangement:
  1. BCH trading will be available as following: 00:00, November 11, 2017 (Vancouver time); 15:00, November 11, 2017 (Beijing time).
  2. BCH Deposit and withdrawal service will be available as following: 00:00, November 14, 2017 (Vancouver time); 15:00, November 14, 2017 (Beijing time).
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
Risk Notice: Please take into account that Allcoin only provides a free exchange platform, does not make any audit trading. If you can not accept the risks, please refrain from trading.
Allcoin Team
submitted by celine-xie to Bitcoincash [link] [comments]

Bitcoin has no physical coin?

I have a question that is on par with a "google interview" question. I've heard it said with regard to Bitcoin that there is no physical coin. Is that true though? Every coin takes up a small amount of memory on persistent storage. The size of that memory may be measured in as a certain area or volume in nanometers. This memory is redundant across every copy of the bitcoin blockchain ledger in the world. Is it possible to compute the total amount of physical space that an average bitcoin takes up?
submitted by o_m_f_g to Bitcoin [link] [comments]

Premature Bitcoin Cash is The Best We Could Hope For

From btc:
Is Bitcoin Cash different from 'Bitcoin'? Yes. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
They fork of the original chain, will get next to no hashrate and all the premature-big blockers can go to hell.
submitted by bitcoinpauls to Bitcoin [link] [comments]

Wondering what's Bitcoin Cash?

What is Bitcoin Cash? Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.
Is Bitcoin Cash different from 'Bitcoin'? Yes. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
If I own Bitcoin, do I automatically own Bitcoin Cash too? Yes. Because Bitcoin Cash is a fork of the ledger, that means you own the same amount of Bitcoin Cash as you did Bitcoin at the time of the forking block. However, if your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your cash.
How is transaction replay being handled between the new and the old blockchain? Bitcoin Cash transactions use a new flag SIGHASH_FORKID, which is non standard to the legacy blockchain. This prevents Bitcoin Cash transactions from being replayed on the Bitcoin blockchain and vice versa.
Why was a fork necessary to create Bitcoin Cash? The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate.
Was the 1 MB blocksize causing problems for Bitcoin? Yes, In 2017, capacity hit the 'invisible wall'. Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting.
Bitcoin stopped growing. Many users, merchants, businesses and investors abandoned Bitcoin. Its marketshare among other cryptocurrencies quickly plummeted from 95% to 40%.
Does Bitcoin Cash fix these problems? Yes. Bitcoin Cash immediately raises the blocksize limit to 8MB as part of a massive on-chain scaling approach. There will be ample capacity for everyone's transactions.
Low fees and fast confirmations will resume with Bitcoin Cash. The network will be allowed to grow again. Users, merchants, businesses, and investors will return. ​ Why didn't Bitcoin raise the blocksize if it was easy? Some of the developers did not understand and agree with the original vision of peer-to-peer electronic cash that Satoshi Nakamoto had created. Instead, they preferred Bitcoin become a settlement layer.
Many miners and users trusted these developers, while others recognized that they were leading the community down a different road than expected.
These two very different visions for Bitcoin are largely incompatible, which led to the community divide. ​ Which Development Team is In Charge of Bitcoin Cash? Unlike the previous situation in Bitcoin, there is no one single development team for Bitcoin Cash. There are now multiple independent teams of developers.
This decentralization of development (and decentralization of software implementations) is a much needed and important step forward.
submitted by metalheadx7 to Bitcoincash [link] [comments]

Baikal Blockchain & Crypto Summit: Jimmy Nguyen - Bitcoin SV, The World Ledger for Data and Money

Baikal Blockchain & Crypto Summit: Jimmy Nguyen - Bitcoin SV, The World Ledger for Data and Money submitted by m_murfy to bitcoincashSV [link] [comments]

Welcome to r/bcash, the subreddit for the fork of bitcoin with base-block scalability!

bcash FAQs:

What is bcash? Bcash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.
Is bcash different from 'Bitcoin'? Yes. Bcash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
If I own Bitcoin, do I automatically own bcash too? Yes. Because bcash is a fork of the ledger, that means you own the same amount of bcash as you did Bitcoin at the time of the forking block. However, if your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your cash.
How is transaction replay being handled between the new and the old blockchain? Bcash transactions use a new flag SIGHASH_FORKID, which is non standard to the legacy blockchain. This prevents bcash transactions from being replayed on the Bitcoin blockchain and vice versa.
Why was a fork necessary to create bcash? The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate.
Was the 1 MB blocksize causing problems for Bitcoin? In 2017, there was a backlog of transactions. Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting. Many users, merchants, businesses and investors abandoned Bitcoin. Its marketshare among other cryptocurrencies quickly plummeted from 95% to 40%.
Does bcash fix these problems? Bcash immediately raises the blocksize limit to 8MB as part of a massive on-chain scaling approach. There will be ample capacity for everyone's transactions. Low fees and fast confirmations will resume with bcash. The network will be allowed to grow again. Users, merchants, businesses, and investors will return.
Why didn't Bitcoin raise the blocksize if it was easy? Some of the developers did not understand and agree with the original vision of peer-to-peer electronic cash that Satoshi Nakamoto had created. These two very different visions for Bitcoin are largely incompatible, which led to the community divide.
Which Development Team is In Charge of bcash? There is no one single development team for bcash. There are now multiple independent teams of developers. This decentralization of development (and decentralization of software implementations) is a much needed and important step forward.

Regarding the fork:

How can I secure my Bitcoin prior to the fork on August 1st? It's best to secure your Bitcoin in a wallet where you possess the private key to. As long as you own your Bitcoin (control the private key), you will have access to your Bitcoin on both chains post-fork. There is nothing you need to do.
Are my Bitcoin safe if I leave them on an exchange? If you leave your coins on an exchange and not have them in your own wallet that you have the private key to, then you are at the mercy of the exchange on how they handle and manage your Bitcoin. We suggest moving them off exchanges until the fork is completed. (thanks akira_fmx)
Where can I download bcash or review the developer open source code? The bcash implementation website can be found here: https://www.bitcoinabc.org/ (thanks todu)
What about Segwit2x, is that still happening? Yes it is, and at this time it has 86% of blocks signaling for it. For those unaware, Segwit2X plans to activate Segwit on the main chain and then within six months hard fork to 2MB.
submitted by qubeqube to bcash [link] [comments]

Baikal Blockchain & Crypto Summit: Jimmy Nguyen - Bitcoin SV, The World Ledger for Data and Money

Baikal Blockchain & Crypto Summit: Jimmy Nguyen - Bitcoin SV, The World Ledger for Data and Money submitted by thacypha to bitcoinsv [link] [comments]

Bitcoin Cash (BCC) Will be Changed BCH and Listed on Allcoin Soon

Dear users:
In order to keep same abbreviation with market, Allcoin is going to instead BCC of BCH, and list Bitcoin Cash (BCH) on BTC market and CNET market soon, here is the detailed arrangement:
  1. BCH trading will be available as following: 00:00, November 11, 2017 (Vancouver time); 15:00, November 11, 2017 (Beijing time).
  2. BCH Deposit and withdrawal service will be available as following: 00:00, November 14, 2017 (Vancouver time); 15:00, November 14, 2017 (Beijing time).
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
Risk Notice: Please take into account that Allcoin only provides a free exchange platform, does not make any audit trading. If you can not accept the risks, please refrain from trading.
Allcoin Team
submitted by celine-xie to altcoin [link] [comments]

Bitcoin Cash (BCC) Will be Changed BCH and Listed on Allcoin Soon

Dear users:
In order to keep same abbreviation with market, Allcoin is going to instead BCC of BCH, and list Bitcoin Cash (BCH) on BTC market and CNET market soon, here is the detailed arrangement:
BCH trading will be available as following:
00:00, November 11, 2017 (Vancouver time);
15:00, November 11, 2017 (Beijing time).
BCH Deposit and withdrawal service will be available as following:
00:00, November 14, 2017 (Vancouver time);
15:00, November 14, 2017 (Beijing time).
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
Risk Notice: Please take into account that Allcoin only provides a free exchange platform, does not make any audit trading. If you can not accept the risks, please refrain from trading.
Allcoin Team
submitted by celine-xie to AllcoinExchange [link] [comments]

Why the Biggest Bitcoin Mines Are in China

This is the best tl;dr I could make, original reduced by 95%. (I'm a bot)
Bitmain sells Bitcoin mining rigs-the specialized computers that keep the cryptocurrency running and that produce, or "Mine," new bitcoins for their owners.
Jihan Wu, the CEO of Bitmain, claims that 70 percent of the Bitcoin mining rigs in operation today were made by his company.
New transactions are added to the Bitcoin blockchain ledger, and the winning miner is rewarded with newly minted bitcoins.
Given the price of bitcoin at the time I visited Ordos, each individual mining rig at the facility was making around US $10 in bitcoins per day.
Such disruption would be welcome news to some in the community who argue that Bitmain's outsized market position in mining hardware is itself a threat to Bitcoin.
The reason? Miners wield power not only over which transactions get added to the Bitcoin blockchain but over the evolution of the Bitcoin software itself.
Summary Source | FAQ | Feedback | Top keywords: Mine#1 Bitcoin#2 Bitmain#3 company#4 rig#5
Post found in /technology.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

MillionBitcoin Cash Frequently Asked Questions (FAQ)

What is MillionBitcoin Cash? Million Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.
Is Million Bitcoin Cash different from 'Bitcoin'? Yes. Million Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
If I own Bitcoin, do I automatically own Million Bitcoin Cash too? Any transactions after the September 27th ledger split are completely separate between Bitcoin & Bitcoin Cash and Million Bitcoin Cash. This means any Bitcoin acquired after the split does not include any Million Bitcoin Cash, and any Million Bitcoin Cash does not include any Bitcoin & Bitcoin Cash.
How is transaction replay being handled between the new and the old blockchain? Million Bitcoin Cash transactions use a new signature hashing algorithm scrypt. These signatures are not valid on the legacy blockchain , block dozer. This prevents Million Bitcoin Cash transactions from being replayed on the Bitcoin blockchain and Bitcoin cash Block Dozer vice versa.
Why was a fork necessary to create Million Bitcoin Cash? The legacy Million Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate.
Was the 1 MB block size limit causing problems for Bitcoin? Yes, In 2017, capacity hit the 'invisible wall'. Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting.
Bitcoin stopped growing. Many users, merchants, businesses and investors abandoned Bitcoin. Its marketshare among other cryptocurrencies quickly plummeted from 95% to 40%.
What Is The Million Bitcoin Cash Technology ? Million Bitcoin cash (MBCH) is pure Proof of Stake coin, except stage of initial distribution, when it was mixed PoW and PoS coin.
What Is POS? PoS happens by a miner putting up a stake, or locking up an amount of their coins, to verify a block of transactions. The cryptographic calculations in PoS are much simpler for computers to solve: you only need to prove you own a certain percentage of all coins available in a given currency. For example, if you somehow owned 5% of all Million Bitcoin cash - MBCH, you’d be able to mine 8.3% Per Month of all transactions across Million Bitcoin cash – MBCH
Does Million Bitcoin Cash fix these problems? Yes. Million Bitcoin Cash immediately raised the block size limit to 8MB as part of a massive on-chain scaling approach. There will be ample capacity for everyone's transactions.
Low fees and fast confirmations will resume with Million Bitcoin Cash. The network will be allowed to grow again. Users, merchants, businesses, and investors will return.
Why didn't Bitcoin raise the block size if it was easy? Some of the developers did not understand and agree with the original vision of peer-to-peer electronic cash that Satoshi Nakamoto had created. Instead, they preferred Bitcoin become a settlement layer.
Many miners and users trusted these developers, while others recognized that they were leading the community down a different road than expected. These two very different visions for Bitcoin&Bitcoin Cash are largely incompatible, which led to the community divide.
What Development Team is In Charge of Million Bitcoin Cash? Million Bitcoin Cash is a fully customized, unique proof-of-stake coin with over 3 months of development. we built a blockchain tailored to meet the needs of Million Bitcoin Cash coin, distribution and consensus requirements
Unlike the previous situation in Bitcoin, there is no one single development team for Million Bitcoin Cash. There are now multipleindependent teams of developers. This decentralization of development (and decentralization of software implementations) is a much needed and important step forward.
submitted by MillionBitcoinCash to u/MillionBitcoinCash [link] [comments]

08-02 06:22 - 'What is Bitcoin Cash? Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate. / Is Bitcoin Cash different from 'Bitco...' by /u/metalheadx7 removed from /r/Bitcoin within 99-109min

'''
What is Bitcoin Cash? Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.
Is Bitcoin Cash different from 'Bitcoin'? Yes. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
If I own Bitcoin, do I automatically own Bitcoin Cash too? Yes. Because Bitcoin Cash is a fork of the ledger, that means you own the same amount of Bitcoin Cash as you did Bitcoin at the time of the forking block. However, if your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your cash.
How is transaction replay being handled between the new and the old blockchain? Bitcoin Cash transactions use a new flag SIGHASH_FORKID, which is non standard to the legacy blockchain. This prevents Bitcoin Cash transactions from being replayed on the Bitcoin blockchain and vice versa.
Why was a fork necessary to create Bitcoin Cash? The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate.
Was the 1 MB blocksize causing problems for Bitcoin? Yes, In 2017, capacity hit the 'invisible wall'. Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting.
Bitcoin stopped growing. Many users, merchants, businesses and investors abandoned Bitcoin. Its marketshare among other cryptocurrencies quickly plummeted from 95% to 40%.
Does Bitcoin Cash fix these problems? Yes. Bitcoin Cash immediately raises the blocksize limit to 8MB as part of a massive on-chain scaling approach. There will be ample capacity for everyone's transactions.
Low fees and fast confirmations will resume with Bitcoin Cash. The network will be allowed to grow again. Users, merchants, businesses, and investors will return. ​ Why didn't Bitcoin raise the blocksize if it was easy? Some of the developers did not understand and agree with the original vision of peer-to-peer electronic cash that Satoshi Nakamoto had created. Instead, they preferred Bitcoin become a settlement layer.
Many miners and users trusted these developers, while others recognized that they were leading the community down a different road than expected.
These two very different visions for Bitcoin are largely incompatible, which led to the community divide. ​ Which Development Team is In Charge of Bitcoin Cash? Unlike the previous situation in Bitcoin, there is no one single development team for Bitcoin Cash. There are now multiple independent teams of developers.
This decentralization of development (and decentralization of software implementations) is a much needed and important step forward.
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submitted by removalbot to removalbot [link] [comments]

Jimmy Nguyen on Twitter: "Reminder: #Bitcoin blockchain is a traceable ledger. "After tracing the victims’ investment funds to a particular virtual currency account, USSS investigators were able to locate 482 bitcoins and 1,721,868 tether"; executed a seizure warrant on the coins

Jimmy Nguyen on Twitter: submitted by thacypha to bitcoinsv [link] [comments]

"The RNEW token is a digital reward token, claimed by renewable energy creators. It's built on the Bitcoin Cash blockchain leveraging the Simple Ledger Protocol, making it fast, reliable & safe. Each token represents one watt of installed clean energy generation."

submitted by Egon_1 to btc [link] [comments]

Simple Ledger Protocol (SLP) or (Simple tokens) provides the simplest, fastest, and most liberating token system in existence. SLP tokens can easily be created, traded, and managed on the Bitcoin Cash blockchain within seconds; costing the user only fractions of a penny for each transaction.

Simple Ledger Protocol (SLP) or (Simple tokens) provides the simplest, fastest, and most liberating token system in existence. SLP tokens can easily be created, traded, and managed on the Bitcoin Cash blockchain within seconds; costing the user only fractions of a penny for each transaction. submitted by ojjordan78 to Bitcoincash [link] [comments]

EasyDNS.org mentions namecoin/bitcoin on a random post

Just stumbled randomly on this tonight, post from EasyDNS.org from March, discussing all the crazy new TLD's that are coming online...
Snippet: "...New naming models built around the Bitcoin blockchain ledger model are a lot more creative and innovative. First with Namecoin and now Ethereum, we have new namespaces being opened up that will succeed or fail purely on the value and uptake they earn in the market. The ideas of using blockchains and naming to create Decentralized Autonomous Corporations for example, are doing all the heavy lifting on the innovation side that is conspicuously absent from all of the ICANN sanctioned new TLDs."
Here's the piece: http://blog.easydns.org/2014/03/28/the-new-tlds-are-here-email-guru-holdings-blah-blah-blah/
submitted by evoorhees to Bitcoin [link] [comments]

Ledger AMA: Blockchain 101 2. Money, Ledgers & Bitcoin - YouTube Blockchain tutorial 23: Ledger - YouTube Bitcoin, Blockchain, and Distributed Ledger Technology: Hype or Reality? Bitcoin Brief - XRP Sales, Blockchain Voting, Ledger & c ...

Bitcoin Blockchain is a peer-to-peer (P2P) network, meaning that there is no central entity. Instead, all “peers” in the network are equal and serve as validators of the state of the ledger. However, whereas central clearinghouses determine the state of ledgers in conventional finance, Satoshi Nakamoto realized that converging on the ... Why choose Ledger; How to buy Bitcoin; Hacks Timeline; Blog; For Business. Ledger Vault; Ledger Origin; Ledger Partners; Ledger Co-branded Partnership; Support; Ledger Academy; Blockchain; Ledger Academy Let’s learn something about the Blockchain today ! Everything you need to know about blockchain technology, explained simply. Blockchain. How to Read a Blockchain’s Transaction History ... Buying crypto like Bitcoin and Ether is as easy as verifying your identity, adding a payment and clicking "Buy". Sign up for our Wallet today. Create Wallet. Trade Crypto at the Exchange. Integrated with the Blockchain Wallet, our Exchange is a one-stop shop where you can deposit funds and place trades seamlessly in minutes. Get Started . Dive Deeper. Buy Crypto. Bitcoin $ USD. Your Email ... Hier kommt die (Bitcoin-)Blockchain ins Spiel. Die Distributed-Ledger-Technologie ist also ein Oberbegriff für Kontenbücher oder Datenbanken mit einer nicht nur dezentralen, sondern verteilten Struktur. Die Blockchain, der Tangle oder Hashgraph sind in dem Sinne drei Arten einer DLT. Blockchain – Eine Kette aus Datenblöcken Die Popularität von Blockchain-Anwendungen wie Bitcoin oder Ethereum haben bei vielen zu der Annahme geführt, dass Blockchains und Distributed Ledgers dasselbe seien. Dadurch werden diese Begriffe immer häufiger vermischt und falsch verwendet. Denn es gibt durchaus einige Unterschiede zwischen einem Distributed Ledger und einer Blockchain.Es ist daher wichtig genau zu differenzieren was ...

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Ledger AMA: Blockchain 101

This is part 23 of the Blockchain tutorial explaining what a ledger is. This tutorial explains the differences between: - a centralised and a distributed led... Amazon Affiliate Link - (If You Buy Something On Amazon, I Get A Small Commission As A Way To Support The Channel) - (There is NO extra cost for you) https://amzn.to/39MXp4q Computer I Use To ... Political Tactics: Taxation, Stagflation, Devaluation - Robert and Kim Kiyosaki & Tom Wheelwright - Duration: 39:37. The Rich Dad Channel 41,275 views. New Settima lezione del corso Bitcoin and Blockchain Technology di Milano Bicocca (2017) slides ed altro materiale: https://www.ametrano.net/bbt/ donazioni bitco... Bitcoin Brief - XRP Sales, Blockchain Voting, Ledger & c-Lightning Updates 👉 Subscribe so you don't miss the next one: http://bit.ly/2QKVDdV Stories: Frequen...

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