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Author: We Love Faucets

Is Bitcoin Unlimited Headed for Activation? ?>

Is Bitcoin Unlimited Headed for Activation?

During summer 2016, many thought the bitcoin scalability debate was over. Blockstream won, said a miner[1]. Coinbase, after spending more than a year vocally asking for increased capacity, threw in the towel and hedged with ETH. Circle, seeing the changed environment, announced, very suddenly and unexpectately, that they were ending bitcoin purchasing.

At the Blockchain Money Conference in London during Autumn 2016 a panel host said the matter had now been resolved,…

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Without Segwit There is No Lightning Network ?>

Without Segwit There is No Lightning Network

“There are a lot of people working on layer 2 solutions that are waiting for Segwit,” says Bitfinex Chief Security Officer Phil Potter in a discussion[1] between core developers, bitcoin ecosystem participants and Bitcoin enthusiast Roger Ver. “If Segwit doesn’t happen, think of the downstream projects. There are eight or nine different Lightning projects being sponsored out there, which will be completely hamstrung without this — sure, we have some ways to do payment channels without Segwit,…

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Bitcoin Price Surge Continues, Passes $900 to Approach 3-Year High ?>

Bitcoin Price Surge Continues, Passes $900 to Approach 3-Year High

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Bitcoin prices have shot past $900, the latest move in a week of dramatic market increases.

The digital currency’s price peaked at $911.99, according to data from the CoinDesk USD Bitcoin Price Index (BPI). Prices haven’t exceeded the $900 level since mid-January 2014, BPI data shows.

At press time, the price is hovering around an average of $902.92.

The development comes only two days after markets worldwide crossed the $800 mark,…

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Bitcoin Fee Estimates Have Increased By 1,013% in USD Terms ?>

Bitcoin Fee Estimates Have Increased By 1,013% in USD Terms

Bitcoin fees have skyrocketed this year, increasing by 557% from 14 to 78 satoshis per byte, which translates to an eye-watering 1,013% increase in dollar terms in just one year, according to research by Jameson Lopp, engineer at BitGo.

That still translates to just 22 cents for an ordinary transaction of around 400 bytes in size, with peak time fees ranging from around 30 cents to 50 cents or more, but transaction costs have seen a constant gradual increase in 2016,…

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The Price of Bitcoin Has Stayed Above $760 for 7 Days ?>

The Price of Bitcoin Has Stayed Above $760 for 7 Days

Bitcoin (BTC) prices have been trading north of $760 for more than a week now, according to data from the CoinDesk USD Bitcoin Price Index (BPI).

The price has been lingering above this level during a seven-day period in which the digital currency hit a 34-month high. Markets surpassed $760 at 10:00 UTC on 7th December, managing to reach one week above this level early on 14th December, figures show.

Bitcoin prices surged to $788.49 on 13th December,…

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