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Three years ago there were a lot of discussions concerning data embedded in bitcoin transactions and the block size space consumed by these OP_Return transactions. However, in recent times, the use of OP_Return transactions has dropped a great deal and the trend has lowered network fees to some degree. OP_Return Transaction Domination Slows Significantly Alleviating […]Powered by WPeMatico
On Wednesday, the Veriblock project, a blockchain that leverages the implementation of proof-of-proof (PoP) consensus, announced an initiative to secure the Dogecoin blockchain using Bitcoin. The Veriblock Foundation believes the effort counters the hostile ‘Blood Bitcoin’ narrative in regard to recent environmental concerns over proof-of-work (PoW). Veriblock to Secure Dogecoin via PoP and Bitcoin’s PoW […]Powered by WPeMatico
On January 16, The North American Bitcoin Conference (TNABC) opened its doors at the James L. Knight Center in Miami for its seventh year. The conference was filled with hundreds of crypto enthusiasts, exhibits, and well known speakers from the blockchain industry. Also Read: Grassroots Bitcoin Cash House Movement Expands to Ghana BTC Miami Conference […]
The post BTC Miami Blockchain Conference Kicks Off Its Seventh Year appeared first on Bitcoin News.
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During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called the outputs “abuse” and “spam.” Also Read: Central Bank Gold Hoarding Hits 50-Year High […]
The post Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019 appeared first on Bitcoin News.
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Since 2011, just after Satoshi Nakamoto left the Bitcoin project for good, networks have emerged that leverage the BTC chain in some way. A variety of projects over the last nine years have found value in anchoring some sort of feature set to BTC in order to bolster the satellite’s underlying network. The following article […]
The post How Merge Mining and Anchored Blockchain Projects Capitalize on Bitcoin’s Security Model appeared first on Bitcoin News.
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In the cryptocurrency world, transaction fees can make or break any project. While some projects try to maintain a zero-fee transaction structure, the vast majority of them tend to charge a small amount for miners to include transactions in blocks. As such, there are some concerns over the current rise in Bitcoin transaction fees. It would appear the VeriBlock project may be contributing to this rise in fees. Why are Bitcoin’s Transaction Fees Rising? It is never a good sign when Bitcoin becomes more expensive to move across the network. Anyone who has been involved in cryptocurrency for quite
The post Is VeriBlock to Blame for the 500% Rise in Bitcoin Transaction Fees? appeared first on The Merkle Hash.
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Last month the Veriblock testnet represented more than 30 percent of BTC’s network transactions but the project took a hiatus before launching the protocol’s mainnet. When the project stopped, the BTC network’s mempool dropped, transactions per day were cut in half, and fees slightly dipped. However, since the mainnet launch of the Veriblock blockchain, the […]
The post Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch appeared first on Bitcoin News.
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Over the last few weeks, a blockchain project called Veriblock whose protocol piggybacks off the Bitcoin Core (BTC) network has sparked debate. More than a quarter of BTC’s transaction numbers stem from the Veriblock system and the project has been criticized for using the blockchain in this manner. Also Read: Orca Pool Mining Operation Aims to Defend […]
The post More Than 30% of BTC Traffic Stems from the Veriblock Project appeared first on Bitcoin News.
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