Why is the Bitcoin protocol being upgraded?

tl;dr Blocks are full, the Bitcoin network cannot grow any further without a protocol upgrade. It’s time folks. In 2010, over a year after the Bitcoin network first began, Satoshi Nakamoto added a hard limit of 1 megabyte per transaction block to the Bitcoin Core codebase (the only software available at the time). The reason…Read More

ATTENTION ALL BITCOIN USERS: IMPORTANT NOTICE

The Bitcoin network is upgrading its capacity from a «1mb block size limit» to a «2mb block size limit» What the heck does that mean? Increasing the block size limit will allow for a greater number of transactions to be processed on the network daily, which is currently maximized at about ~300,000 per day. This…Read More

Learn more: What are Crypto Currencies?

A digital currency relying on the principles of cryptography The Wiki describes it well; a cryptocurrency (such as Bitcoin, Litecoin, Feathercoin, etc.) is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself. I don’t get it, in English please Let’s look…Read More

Learn more: What is Bitcoin?

Bitcoin is the simplest way to exchange money at very low cost Bitcoin is a zero trust consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. It was introduced as open-source software by pseudonymous…Read More