đź“š Decentralizing Bitcoin mining can happen via BetterHash writes StopAndDecrypt. The BetterHash protocol allows individual miners to run their own node, select transactions, create blocks, and mine them without coercion from mining pools. By jettisoning pool authority numerous exploitations are side stepped:
  1. Certain transactions cannot be blacklisted
  2. Blockchain re-orgs are near impossible
  3. Pools cannot backlog transactions to increase fees
  4. Hashing power cannot be directed without consent
  5. Instances of dishonest mining decrease in likelihood
  6. Signaling group support for proposals increases in difficulty
- Link


0 Comments

balwinderdev

 
Litecoin block rewards will be halved today; meaning Litecoin miners will now receive 12.5 LTC for every block compared to the 25 LTC they received previously; the Litecoin network is designed to cut its mining rewards in half every 840,000 blocks; Monday's halving occured on block height 1,680,000 today - Link


0 Comments

balwinderdev

 
Samsung is adding to its blockchain dapp store by including over a dozen new apps in its Blockchain Keystore online app market. Samsung’s online dapp store, Blockchain Keystore, has grown from an initial four applications in March to a total of seventeen - Link


0 Comments

balwinderdev

 
BlockFi, a cryptoasset lender that has became popular with its interest bearing deposit accounts, has raised $14.5M in a Series A round led by Valar Ventures; other participants include Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek, and PJC; according to founder and CEO Zac Prince, BlockFi will use the funds to double its team size to 60 and roll out new products - Link


0 Comments

balwinderdev

 
📚   The market for crypto ATMs has been growing steadily, reports The Block's John Dantoni; last month crypto ATMs experienced their largest net increase in a single month with 292 installed globally; to date there are 5,353 ATMs across 81 different countries; Dantoni breaks down the growth, current status, and trends across different assets for the crypto ATM market - Link


0 Comments

balwinderdev

 
Bitpoint, a Japanese crypto exchange, is resuming some trading services following a $28M hack in July; Bitpoint is re-opening cash deposits and withdrawals in fiat currencies on August 6th following a safety assessment of the exchange’s cryptocurrency wallet; the hacked wallet is no longer in use and therefore not under threat - Link


0 Comments

balwinderdev