Tag: bitcoin network

Bitcoin is the FED’s new favorite subject. Fresh from the Federal Reserve Bank of St. Louis measuring inflation in BTC terms, comes the Federal Reserve Bank of Cleveland with a study titled “...

A lively conversation and response to Jameson Lopp’s recent article that researches the answer to the question, “Has Bitcoin Ever Hard Forked?”Listen To The Episode Here:Apple...

Entities transacting on Bitcoin, network value and the number of addresses with non-zero balances all continue to grow, pointing toward greater adoption....

Accelerated outflows of Bitcoin from exchanges have been a recurring theme in market analysis of late. According to Glassnode, this week has continued to point to bullish exchange outflows of Bitcoin, especially from spot exchanges. Bitcoin balance on exchanges reaches a new low The on-chain data aggregator highlighted that Bitcoin exchange balance had reached levels...

The Bitcoin network hash rate notched a new all-time high of 248.11 million terahashes per second (TH/s) on Saturday. It has risen from 188.40 EH/s to its new all-time high in just one day, according to Blockchain.com data. In the previous few hours, it has hovered around 209.6M TH/s. Security is a critical component of every network. Increased security makes a network more...

Bitcoin has undergone many improvements over the years — and not without its share of controversy.The BehemothThe Behemoth, a primeval, "unconquerable beast" in the biblical book of Job. Though largely considered a myth, this beast was said to be over 300 feet in height and weighed over 80,000 metric tons. As is to be expected of such a ginormous creature, its...

The Bitcoin network has finally come with its new and highly anticipated protocol, Taproot. Going live on Sunday, this is Bitcoin’s first major upgrade since SegWit back in 2017. Taproot Comes With Great New Features According to reports, the Taproot upgrade has been a long time coming — about seven years precisely but was kick-started again The post Taproot Goes Live, Here's All...

The creation of the Bitcoin network gave realization to the first peer-to-peer consensus mechanism upon which all other DAOs are built.Decentralized autonomous organizations (DAOs) have long captured the public imagination as one of the primary use cases of blockchain technology. Defined as organizations and groups that do not operate in a centralized or hierarchical manner, DAOs represent another shift toward the...

The growth of Bitcoin addresses has hit a plateau phase Bitcoin's daily active addresses have also dropped from April's peak of 1.366 million There are currently 845k daily active Bitcoin addresses, a drop by 38% from the aforementioned peak Bitcoin has lost the crucial $30k support to post a local low of $29,278 A loss of the $28k support will open the door...

What would it look like if governments were to embrace and support the Bitcoin network?Investing In HopeYou know the New Deal -- a massive and unprecedented effort the United States federal government undertook in the 1930s to invest in infrastructure, build hope, and turn the course of a nation towards prosperity and justice. You’ve likely heard of the Green New Deal...

It is important for the country to adopt bitcoin not only as a medium of exchange, but as a store of value on chain.Recent news from El Salvador has sparked well deserved interest among Bitcoiners and in the mainstream media. The most pressing question is how ordinary Salvadorans will actually use bitcoin in everyday life. For example, will it be possible to...

True sustainability lies in a fundamentally sound money secured by cryptography.Over the 12 years of its existence, Bitcoin has garnered praise and tremendous enthusiasm. It has also attracted a great deal of criticism and disdain. From economists and bankers to policy makers, those entrenched within the financial industry have disapproved of this cryptocurrency. Depicting it as a Ponzi scheme and “too volatile...

According to Timothy Peterson, 25% of Bitcoin users have fled the network since Tesla stopped accepting BTC for car payments Elon's tweet making the announcement has changed Bitcoin's fundamentals Bitcoin's network size is down 45% from its peak value in mid-April Bitcoin is staring at a death cross on the daily chart Bitcoin and Crypto analyst, Timothy Peterson of Cane Island Alternative Advisors,...

We can apply Maslow’s hierarchy of needs to Bitcoin to find out what needs it must obtain and maintain to succeed.In order for Bitcoin to achieve hyperbitcoinization, it has to fulfill certain network and monetary needs. Without obtaining and, more importantly, maintaining these needs, Bitcoin can not succeed. If Bitcoin can obtain and maintain these needs, then there is nothing that can...

Quick summary: The Bitcoin network has settled roughly $10 Billion a day since the beginning of 2021 The BTC transactions are between actual users of the Bitcoin network including institutional investors 15,700 Bitcoin left Coinbase yesterday, March 8th Institutions are not selling any of the Bitcoin purchased in the last few months The Bitcoin network has been settling an estimated $10 Billion per...

Summary: The number of active Bitcoin addresses recently hit an all-time high of 1.34 million This amount is higher than the 1.29 million experienced on December 14th, 2017 Bitcoin is attempting to turn the $40k price area into support BTC is in overbought territory but $50k looks like the next stop A push above $50k is probable for Bitcoin The number of active...