Bitcoin news matter because they reflect the state of the entire cryptocurrency market and shine a light on the latest technological innovations from some of the brightest minds in cryptography and computer science. Satoshi Nakamoto's invention went live on January 3rd 2009 when the genesis block was mined, and since then Bitcoin has been a global phenomenon.
Not only that it solved the double spend problem and made use of the world's first successful public blockchain, but it also redefined the way we understand money and value in the digital age. Thanks to the works of Austrian economists, now we have an example of electronic sound money that is stateless, uncensorable, and unconfiscatable.
It's important to keep an eye on Bitcoin news because the developers working on the protocol are some of the brightest and most competent in the field, and the conservative approach to the Bitcoin Core client makes sure that no changes are rushed and every improvement is necessary.
The Lightning Network, Schnorr signatures, Taproot, CoinJoin, and possibly Confidential Transactions are all significant Bitcoin improvements that are being worked on. All of them will get covered in Crypto Insider articles during their various development stages.
The well-being of BTC guarantees prosperity for the entire blockchain industry, and the perpetual success of altcoins and private blockchains is all due to Bitcoin's staying power.
Bitcoin price, with all of its volatile movements, is also a thermometer which accurately shows us the current dynamics of the entire cryptocurrency market.
Correspondingly, Crypto Insider will offer you all the Bitcoin news that matter and keep you updated on price movements, business expansions, and technological developments.
BitPay understands every Bitcoin transaction cannot be made on chain. CEO Stephen Pair claimed that BitPay is working on off-chain payment systems, and discussed the potential concerns bitcoin miners may have with the activation of SegWit.
Thomas Voegtlin, creator of Bitcoin wallet Electrum, believes Electrum users should be “free to choose” between competing branches. Electrum is releasing a new version that will introduce "checkpoints," a feature that will make the lives of Bitcoin users simpler post-fork.
Bitcoin service provider BTCC’s new wallet Mobi had users from more than 100 countries just seven days after it launched, according to a tweet from the company on Sunday. But the launch hasn’t been sans tribulations. The company ran into several technical difficulties last week with Twitter integration.
Recently, the idea of a user-activated soft fork (UASF) has gained some attention as a possible alternative to the current, miner-focused activation method for Segregated Witness (SegWit). Some have pointed to a potential chain split caused by miners as a potential downfall of this proposal, while others still see it as preferable over a hard fork.