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BLOCK

Blocknet  

#BLOCK

BLOCK Price:
$0.046
Volume:
$85
All Time High:
$57.24
Market Cap:
$486.5 K


Circulating Supply:
10,688,031
Exchanges:
2
Total Supply:
10,688,031
Markets:
3
Max Supply:
Pairs:
3



  BLOCK PRICE


The price of #BLOCK today is $0.046 USD.

The lowest BLOCK price for this period was $0, the highest was $0.046, and the exact current price of one BLOCK crypto coin is $0.04551.

The all-time high BLOCK coin price was $57.24.

Use our custom price calculator to see the hypothetical price of BLOCK with market cap of ETH or other crypto coins.


  BLOCK OVERVIEW


The code for Blocknet crypto currency is #BLOCK.

Blocknet is 9.5 years old.


  BLOCK MARKET CAP


The current market capitalization for Blocknet is $486,450.

Blocknet is ranked #1012 out of all coins, by market cap (and other factors).


  BLOCK VOLUME


The trading volume is very weak during the past 24 hours for #BLOCK.

Today's 24-hour trading volume across all exchanges for Blocknet is $85.00.


  BLOCK SUPPLY


The circulating supply of BLOCK is 10,688,031 coins, which is 100% of the total coin supply.

Note the limited supply of Blocknet coins which adds to rarity of this cryptocurrency and increases perceived market value.


  BLOCK BLOCKCHAIN


BLOCK is a token on the Solana blockchain.


  BLOCK EXCHANGES


BLOCK has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 2 crypto exchanges.

View #BLOCK trading pairs and crypto exchanges that currently support #BLOCK purchase.


  BLOCK RELATED


Note that there are multiple coins that share the code #BLOCK, and you can view them on our BLOCK disambiguation page.


  BLOCK RESOURCES


Websiteblocknet.org
Whitepaperblocknet.org/whitepaper/Blocknet_Whitepaper.pdf
TwitterThe_Blocknet
Redditr/theblocknet
TelegramBlocknet
DiscordmZ6pTneMx3
Mediumblocknet
Instagraminstagram.com/the_blocknet


  BLOCK DEVELOPER NEWS



Blocknet XRouter — A Comparison of Interoperable Protocols

Blocknet XRouter — A Comparison of Interoperable Protocols - XRouter solves the issues surrounding blockchain interoperability and scalability, advancing Blockchain 3.0 technology and opening up the gates to mainstream blockchain adoption. XRouter is a layer 2 TCP/IP blockchain solution allowing interoperability between ALL blockchains with the additional ability to also connect to non blockchain infrastructures so that an ecosystem of blockchain connected oracles can be built. XRouter forms a part of the Blocknet Protocol. This is a major milestone for blockchain as Blocknet has now made available the world’s first truly decentralized blockchain router, allowing developers to utilize on-chain data and services from public and private blockchains without needing to have any of them installed, as well as being able to utilize off-chain oracle data, API’s and services. XRouter lays the foundation for multi-blockchain architectures, real DeFi, on-chain/off-chain cohesiveness and an “Internet of Blockchains”. — Understanding the differences between blockchain 3.0 solutions. — There are various Blockchain based networks and projects all trying to solve the issues surrounding Blockchain interoperability; the ability for blockchains to interact and “talk” to one another as well as the ability to communicate with non-blockchain systems. As Blockchain technology has evolved three broad categories have emer...




Blocknet Project Update — October 5, 2021

Since our last project development update the Blocknet core developers and community contributors have been focused on integrating ERC-20/ETH with the Blocknet XBridge protocol, adding new assets and improvements to the Service Node automated setup tool, releasing an XLite wallet update, and starting work on the new v2.0 UI for Block DX, Blocknet’s flagship DEX. Work has also continued on the implentation of XRouter in Go and JS programming languages, both integral to the enabling of the Blocknet protocol in lightweight dapps and services. But before we dive into the details, here’s some other important news… — BLOCK/USDT pair opens on Bittrex Global. — This month also saw the opening of a new $BLOCK market on Bittrex Global exchange, with a USDT (Tether) pairing now available. Since the new market opened we have seen the trading volume pick up considerably across both pairs:An example of 24hr volume on Bittrex Global for BLOCK/USDT and BLOCK/BTC pairs — Development updates - — XLite Wallet. — The latest version of XLite was released on the 23rd September which addressed some minor bugs and added some UI improvements, facilitating even easier sending of assets. The Cloudchains developer has also recently worked on a fix for the Litecoin wallet on the back-end servers which should fix the intermittent balance and transaction issues that users were experiencing in the previous version of XL...




Blocknet lists on Pangolin Exchange as $aaBLOCK

13 May, Cape Town — Blocknet tokens are now listed on Pangolin DEX in advance of the release of the Blocknet’s decentralized Avalanche indexer. The listing puts $aaBLOCK, a means of payment for indexed chain data, on Avalanche’s C-chain, and serves to introduce the Avalanche community to the Blocknet. — Avalanche, meet the Blocknet. — With the Blocknet’s initial release of its decentralized indexer of Avalanche’s blockchains due this month, and a planned migration to its own subnet in due course, significant mutual interest between the two projects’ communities has emerged. However, BLOCK and AVAX have not been accessible on the same venues, preventing easy exploration of their respective ecosystems. Until now, that is. As of today, $aaBLOCK is accessible on Avalanche’s most liquid DEX, Pangolin, giving Avalanche users a natural place to acquire BLOCK and explore its interchain technologies like Block DX and XRouter. — Market availability. — To foster a healthy market, liquidity originating from the Blocknet’s superblock self-funding system will be added to the Pangolin liquidity pool today. In addition, Blocknet expects that holders of BLOCK and AVAX will be added to the pool to reach a planned minimum of ~$100k liquidity in the pool, ensuring good market availability and small spreads for users. Furthermore, a proposal will be submitted to Pangolin’s decentralized governance...




XRouter — The Biggest Advancement Since Ethereum

XRouter — The Biggest Advancement Since Ethereum - Blocknet’s XRouter, the world’s first blockchain router, is the final component poised to fill the gap required to create an “Internet of Blockchains.” XRouter enables any and all blockchains and smart contracts to communicate with one another and allows the monetization of inter-chain and multi-chain services. This is all made possible via decentralized access without a single chain download being necessary. XCloud, a decentralized microservice network built on XRouter, also allows decentralized access to off-chain oracle information that can then be made accessible to blockchains and smart contracts. In short, XRouter and XCloud solves blockchain interoperability. — The Internet of Blockchains (IoB) - To understand why blockchain interoperability, and subsequently, an internet of blockchains is so important to the advancement and acceptance of blockchain technology, an analogy is useful: the arrival of Bitcoin and specifically the blockchain is like the creation of the first computers. Early mainframe computers were only able to run a single program at a time, lacked any form of operating system, and couldn’t communicate with other computers. However, this soon began to change and these early computers eventually provided the platform on which operating systems would be built. In this way, the blockchain is similar in that it provided a common base pri...




The Blocknet to extend the power of Avalanche’s subnets with a decentralized indexing system

The Blocknet to extend the power of Avalanche’s subnets with a decentralized indexing system. - — Avalanche will leverage the Blocknet protocol to make its chains interoperable with almost every other blockchain in existence.. — The Blocknet is extending the power of Avalanche’s subnets with a decentralized indexing system, enabling dapps to use Avalanche contracts and transactions alongside those on any other blockchain in a trustless fashion. In addition, the Blocknet will migrate its own chain to Avalanche in order to be able to focus fully on interchain product development. Upon completion of the Avalanche indexing system (expected to be completed by May 2021), developers building with Blocknet and Avalanche will gain Avalanche chain data in a decentralized and accessible form, as well as the ability to orchestrate contracts on potentially every blockchain in existence. After release of the indexing system, the Blocknet will start the process of migrating to an Avalanche subnet (no timeframe has yet been set for the migration). — Strategic advantages - Since its inception in 2014, the Blocknet maintained its proof-of-stake blockchain for its node governance and self-funding systems. Maintaining its chain has taken up the majority of developer resources–a significant tax on the development of its interchain products and services. Avalanche is a provably secure protocol and platform, with rich DeFi a...




Ecosystem Update

September 2020. — The Ecosystem Update is your one-stop-shop for all the important Blocknet news each month. There are a number of exciting new updates to unpack in today’s newsletter, so let’s dive right in. — Blocknet Protocol - — ETH/ERC-20 Atomic Swap Support. — We are excited to let you know that ETH/ERC-20 XBridge integration is in progress and will continue over the next couple of months. This has been one of our most requested and highly anticipated features.  — @VitalikButerin For the uninitiated, XBridge is the decentralized exchange layer of the Blocknet Protocol that enables cross-chain atomic swaps, and was designed from the ground up to decentralize each component of the exchange process, including storage of funds, orderbooks, order broadcast and settlement. Preliminary work on ETH/ERC-20 integration began several years ago, but was put on hold until an XBridge compatible light wallet could be developed. This was a strategic decision, as the resources and experience required to run a full Ethereum node is outside the reach of most users. With our XLite wallet now in private beta and nearing a public release, we are proceeding full steam ahead with ETH/ERC-20 integration. Once integration is completed, you will be able to trustlessly swap ETH/ERC-20 for Bitcoin (or any other supported asset) on Block DX Exchange and leverage the Blocknet Protocol to build previou...




Word on the BLOCK

December 2020. — — Introduction - This newsletter is published once per month and is aimed at keeping the Blocknet community up-to-date on the finer details of the project. For those who are new to the Blocknet, we recommend you also check out the latest Ecosystem Update for a broader understanding of our project’s progress and vision. — Development - XLite public beta released — It’s official. XLiteWallet entered public beta on December 14th, 2020. You can now perform atomic swaps on BlockDXExchange and manage your crypto from a single lightweight wallet. This is your opportunity to test the future of decentralized exchange, today. More details and download links here., XLite supported assets — Bitcoin (BTC), Blocknet (BLOCK), Bitcoin Cash (BCH), DigiByte (DGB), Dash (DASH), Doge (DOGE), Litecoin (LTC), PIVX (PIVX), Ravencoin (RVN) and Syscoin (SYS) with many more to come., ERC-20 BLOCK cross-chain bridge complete — The code for a cross-chain bridge between BLOCK and an ERC-20 version of BLOCK (known as aBLOCK) has been written, committed to the AnySwap repository and successfully tested. All that is left to do is have the BLOCK/aBLOCK cross-chain bridge approved by AnySwap’s decentralized governance network. A proposal has already been submitted and is currently passing. Voting is open to holders of the ANY token and closes on Dec 16, 2020., Block DX 1.9.0 update — A new v...




Introducing aBLOCK

BLOCK can now be traded on the Ethereum mainnet — What is aBLOCK?. — The new aBLOCK token is a “wrapped” version of $BLOCK, making it possible for people from any country to buy BLOCK on Anyswap or other exchanges where ERC-20 tokens are traded on the Ethereum mainnet. By design, there is one BLOCK token wrapped inside each aBLOCK token. In other words, there is a 1:1 mapping between BLOCK and aBLOCK at the bridge where wrapping and unwrapping take place. This unwrapping can take place at any time, enabling buyers of aBLOCK to immediately convert to the native BLOCK token. At the Anyswap bridging station where wrapping/unwrapping takes place, the price of aBLOCK will be exactly equal to the price of BLOCK. However, the price of aBLOCK can vary from one exchange to another, in the same way the price of BLOCK can be different from one exchange to another. Fortunately, it is very easy to swap between them because Anyswap users can convert aBLOCK into BLOCK on the same site. For those unfamiliar with Anyswap, it is an easily accessible, easy to use, high liquidity, decentralized exchange. (Note, aBLOCK can also be acquired on Uniswap, another high liquidity, decentralized exchange.) — Why aBLOCK?. — The main benefits of aBLOCK are improved accessibility to purchase BLOCK, and as a payment token for Hydra, Blocknet’s “Decentralized Infura” solution. aBLOCK will make it possible for people from ...




Ecosystem Update

December 2020. — Your one-stop-shop for all the latest Blocknet news each month — Quick Take - ERC-20 BLOCK is now live on Ethereum., XLite slated for early 2021 public release., Block DX all time volume exceeds $1,000,000., Hydra slated for Q1 2021 release, documentation and website in the works., New Blocknet Roadmap to be released next week., — ERC-20 BLOCK is Now Live on Ethereum - It’s here! Our ERC-20 version of the native BLOCK coin, known as aBLOCK, is now live on Ethereum. The aBLOCK token brings immense utility to both the Ethereum and Blocknet ecosystems, and we could not be more excited about this important milestone. — One Giant Leap for Liquidity. — The ERC-20 BLOCK bridge provides Blocknet with direct access to the large capital reserves that exist on the Ethereum network. Ethereum based decentralized exchanges have seen huge increases in volume in 2020, with Uniswap recently surpassing $50b in all time volume. Thanks to aBLOCK, Ethereum users are now able to easily purchase aBLOCK via Ethereum based decentralized exchanges such as Uniswap (view aBLOCK on Uniswap here). Although it’s only been 2 weeks since the launch of aBLOCK, more than $28,000 USD has already been deposited into liquidity provider contracts on Uniswap.The aBLOCK pairs on Uniswap currently include Ethereum (ETH), Tether (USDT) and Wrapped Bitcoin (WBTC) The pooling of liquidity for BLOCK across diffe...




Word on the BLOCK

January 2021. — — Introduction - This newsletter is published once per month and is aimed at keeping the Blocknet community up-to-date on the finer details of the project. For those who are new to the Blocknet, we recommend you also check out the latest Ecosystem Update for a broader understanding of our project’s progress and vision. New Project Roadmap — We are pleased to announce our all new roadmap. Yes, it includes ETH/ERC-20 atomic swaps, cold staking and a web 3.0 DEX requiring no download! View the full roadmap here., Hydra slated for Q1 2021 release — We are continuing to prepare for our Q1 2021 release launch Hydra, our decentralized replacement for Infura. We’ve created a brand new Hydra landing page, which you can view here, and the Hydra developer documentation is also nearing completion., Preview of the Hydra developer documentation XLite slated for early 2021 public release — our DEX compatible multi-wallet XLite is on track to move from public beta to a production release in Q1 2021. Our developers and community have been extensively testing and debugging XLite over the past several months and are working out the final details before moving forward with a production release. The initial public release will support Bitcoin (BTC), Blocknet (BLOCK), Dash (DASH), Doge (DOGE), Litecoin (LTC), PIVX (PIVX) and Syscoin (SYS) with many more to come., Blocknet Core wallet 4.3.2 update...




  BLOCK NEWS


Here's Why Jack Dorsey's Block Will Invest 10% of Bitcoin Profits Into B...

    Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, has decided to invest 10% of all profits made from bitcoin-related products in monthly BTC purchases. Speaking to shareholders in a Q1 2024 earnings report, Dorsey outlined several reasons for the decision, addressing investors’ concerns about why Block is so focused on the largest cryptocurrency. Block to Invest in Bitcoin Monthly Dorsey explained that bitcoin is the best and only candidate for a decentralized open protocol for money, which the world needs. BTC would eventually become the native currency of the internet and help serve users worldwide faster without the need to customize hundreds of payment schemes and intermediaries. Block also intends to make BTC more usable for everyday transactions, utilizing the cryptocurrency as a medium of exchange for the internet and solving the original problem pseudonymous creator Satoshi Nakamoto stated in the project’s white paper. The problem Nakamoto mentioned in the white paper is the lack of an electronic payment system based on cryptographic proof instead of trust that would allow two willing parties to transact directly across the Internet without needing a third party. Dorsey believes it was just a matter of time before the internet, including artificial intelligence systems and agents, had a native currency, and the most efficient protocol for that was Bitcoin. “Historically and moving forward, our investment in bitcoin transcend... read More



US Prosecutors Investigate Jack Dorsey's Block Over Non-Compliant Crypto...

    According to a report released by NBC on Wednesday, U.S. prosecutors are investigating Block, a company featuring cryptocurrency services co-founded by Twitter co-founder Jack Dorsey. The allegations against the company involve accusations of processing transactions linked to sanctioned countries and potentially even individuals associated with terrorist activities. Former Employee Alleges Compliance Failures at Block During discussions with prosecutors from the Southern District of New York, a former employee provided documents allegedly demonstrating inadequate information collected from Square and Cash App customers to assess their risks. According to the former employee, most transactions discussed with prosecutors, including credit card transactions, dollar transfers, and Bitcoin transactions, were not reported to the government as required. Furthermore, Block allegedly failed to rectify company processes when alerted to these breaches. Approximately 100 pages of documents provided by the person identify transactions, many involving small dollar amounts, with entities in countries subject to U.S. sanctions restrictions, such as Cuba, Iran, Russia, and Venezuela, as recently as last year. In addition, Block reportedly processed multiple cryptocurrency transactions for terrorist groups. The evident trail supports allegations that Block continued to facilitate transactions involving sanctioned entities even after becoming aware of their misuse of its services. The former em... read More



Solo Bitcoin Miner Secures Entire 3.125 BTC Block Reward

    A Bitcoin miner defied the odds by independently solving a network block 841,286, which allowed them to acquire a full 3.125 BTC reward. The fourth Bitcoin halving took place on April 20 at block 840,000, reducing the block reward from 6.25 BTC to 3.125 BTC, which is currently valued at around $200,000. Bitcoin Miner Solves 282nd Solo Block On April 29, Con Kolivas, a software engineer and administrator from the solo mining pool ckpool, shared on X that a miner (and not a large company) had solved the 282nd solo block in Bitcoin's history, a rare case. Congratulations to miner 365ughTgK9Q7rXXTM7vubqy1awZ2AZJijP for solving the 282nd solo block solved at https://t.co/UWgBvLkDqc with a large ~120PH at the time (12PH average over a week) https://t.co/btUXBoC8Yd pic.twitter.com/yh0VkuAI5b — Dr -ck (@ckpooldev) April 28, 2024 Kolivas noted that this solo miner had a significant hash rate of approximately 120PH (peta hashes) at the time, equivalent to around 0.12 EH (exa hashes), with an average of around 12PH over a week. This hash rate was roughly 0.02% of the total network hash rate. Kolivas analyzed the block-solve summary and speculated that this large miner had either recently transitioned from pooled mining post-halving, likely due to no longer covering their electricity costs for pooled mining, in pursuit of a chance at a solo block. Alternatively, they may have been intermittently hashing or renting large amounts alone. The significance of this achievement comes fr... read More



Rare 'Epic Sat' from Bitcoin's Fourth Halving Block Sold for Over $2 Mil...

    An 'epic sat,' an extremely rare satoshi (the smallest unit of Bitcoin) from the network's fourth halving block, was recently sold for over $2 million. On April 25, the crypto mining pool ViaBTC successfully auctioned off 'Sat 1,968,750,000,000,000' for 33.3 BTC, approximately $2.13 million, on the cryptocurrency exchange CoinEx Global. ViaBTC’s Rare Satoshi Auctioned CoinEx Global announced that its partner, the ViaBTC mining pool, successfully mined the 840,000th block. This milestone marked Bitcoin's fourth halving and featured a block identified as an epic 'Rare Satoshi.' According to CoinEx, this event was not just a bidding event but part of Bitcoin's blockchain history, showing the community's acknowledgment, media coverage, and wider acceptance of the asset and the network. The auction has concluded successfully, with the FIRST & ONLY epic sat selling for 33.3 $BTC (≈$2,134,000). This auction isn't just a bidding event; it marked the community recognition, media attention, & widespread embrace of #Bitcoin. A heartfelt thanks to all who support us. pic.twitter.com/fCFz1YrH0I — CoinEx Global (@coinexcom) April 25, 2024 This satoshi, known as an 'epic sat,' garnere­d a lot of intere­st, with 34 bids before an unidentifie­d bidder secured owne­rship rights to the epic sat. The runner-up bidder made an offer of 20 Bitcoin for the rare sat but was outbid in the auction. The Bitcoin network currently has 100 million satoshis (sats), with e... read More



Battle For The Halving Block: Bitcoin Users Spend Record $2.4 Million On...

    With Bitcoin finally completing its fourth-year halving cycle, many users are aggressively competing for halving blocks, paying exorbitant amounts of fees to mine a single block.  Bitcoin Mining Pool Pays Over $2.4 Million In Block Fees Earlier today, the 840,000th block was added to the Bitcoin blockchain, triggering the onslaught of the highly anticipated halving event. While the price of BTC did not witness a dramatic change following the halving, transaction fees spiked to unprecedented highs.  Amidst the massive competition, a mining pool identified as ViaBTC had successfully mined the 840,000th Bitcoin block. Cumulatively, BTC users had spent a staggering $37.7 BTC in mining fees, equivalent to $2.4 million, recording the highest fee ever paid for a Bitcoin block.  According to reports from mempool, after ViaBTC had produced the 840,000th block, the protocol had initiated an automated reduction of miners' reward by half, from 6.25 BTC to 3.125 BTC per block. In addition to the fees, ViaBTC had received a total payout of 40.7 BTC, valued at approximately $2.6 million, for mining the historic block.   While it may seem that Bitcoin miners had thrown caution to the wind by spending over $2.4 million on a single block, the 840,000th block had a major significance within the cryptocurrency space. The historic Bitcoin block is said to hold the first Satoshis, ‘sats,’ the smallest units of BTC following the halving.  There are several... read More



Bitcoin Profits: Jack Dorsey's Block Reports 90% Surge in BTC Gains in Q...

    Block, led by CEO Jack Dorsey, announced $66 million in gross profit from selling Bitcoin through its Cash App in the fourth quarter of last year. This marks a 90% increase from the previous year, according to the company's earnings report released on Feb. 22. Block's Bitcoin Revenue Soars to $2.5 Billion The report revealed that Block's total Bitcoin revenue for the fourth quarter amounted to $2.5 billion, reflecting a 37% increase year-over-year. Similarly, full-year results showcased growth, with Bitcoin revenue reaching $9.5 billion, up 34% from the previous year. Bitcoin's gross profit also surged by 31% to $205 million. The surge in Bitcoin revenue and gross profit can be attributed to several factors, including an increase in the average market price of BTC and the favorable appreciation of Block's BTC inventory during the quarter. During late 2020 and early 2021, Block made $50 million and $170 million in Bitcoin investments, respectively. By the close of 2033 the company holds 8,027 BTC valued at approximately $413 million, according to data from CoinGecko. Cash App, a mobile payment service, facilitates seamless transactions, allowing users to easily buy, sell, send, and receive Bitcoin through their smartphones or browsers. 'Cash App aims to become one of the top providers of banking services to households in the United States which earn up to $150,000 per year,' CEO Jack Dorsey stated. As of December 31, the company disclosed adjusted earnings per share of 22 cent... read More



Avalanche C-Chain Experiences Block Production Halt, AVAX Price Responds

    In a recent development, the Avalanche (AVAX) C-Chain encountered a significant disruption in block production, leading to a halt for over one hour. The interruption, which affected the primary network, was observed through the Avascan browser, with the last transaction recorded at block 42046853 (19:13 UTC+8). Although other subnets experienced a slight delay, the primary network faced the most substantial impact. Avalanche C-Chain Block Production Halt Ava Labs, the team behind the Avalanche protocol, acknowledged the issue and promptly initiated an investigation. read More



Donald Trump Promises to Block Digital Dollar Creation — Calls CBD...

    Former U.S. President Donald Trump has promised to stop the creation of a U.S. central bank digital currency (CBDC) if he is elected president of the United States. He explained that a digital dollar would give the federal government 'absolute control over your money,' warning that the government could take your money and you wouldn't even know that it's gone. 'This would be a dangerous threat to freedom, and I will stop it from coming to America,” Trump vowed.Donald Trump Says He 'Will Never Allow' CBDC in the US Former U.S. President Donald Trump held a rally in the state of New Hampshire on Wednesday. Among various promises Trump made was the creation of a U.S. central bank digital currency (CBDC). The former president said: Tonight I'm also making another promise to protect Americans from government tyranny. As your president, I will never allow the creation of a central bank digital currency. “You know what they're doing. Such a currency would give a federal government — our federal government — absolute control over your money. They could take your money. You wouldn't even know it's gone. This would be a dangerous threat to freedom, and I will stop it from coming to America,” Trump exclaimed. Many lawmakers share Trump's skepticism of central bank digital currencies, including Rep. Tom Emmer (R-MN). The congressman has introduced the CBDC Anti-Surveillance State Act, which now boasts 75 co-sponsors. The bill prohibits the Federal Reserve fr... read More



zkSync Era Network Bug Causes Block Production Halt

    zkSync Era developers took to X (formerly Twitter) to announce the blockchain was encountering network issues, promising users that teams are working to resolve problems “as swiftly as possible.” Later on, they posted an update, saying the issues were resolved and the network was fully operational. The zkSync Era network is now fully operational. At 05:50 UTC, one of the network’s automated safety protocols was triggered by a bug in the server. This issue required teams to inspect and is now fully resolved. We will share a full post-mortem report soon. Thank you for your… — zkSync Developers (?, ?) (@zkSyncDevs) December 25, 2023 zkSync Era Experiences Network Issues Briefly As reported by Chinese crypto news journalist Colin Wu, zkSync Era blockchain’s browser indicated that the project's mainnet was facing network issues, making the developers suspend block production for a few hours. Per zkSync Era’s network status browser, the blockchain hasn’t recorded any downtime incidents despite the developer’s announcement on X. However, during the period of network issues, the website showed the mainnet had a “major outage.” According to zkSync Era’s developers, the issue was caused by a bug that triggered an automated safety protocol embedded in the network. The protocol’s unprecedented activation bred the need for teams to investigate what happened. Just over a week ago, the zkSync Era protocol halte... read More



Bitcoin Fork Discussions Surface Over Block Space Constraints and Ordina...

    While no formal announcement has been made, murmurs of a potential Bitcoin fork are emerging amidst discussions on block space, Ordinal inscriptions, and escalating fees. Such speculation has led some to believe that a significant Bitcoin fork might occur in 2024.Talks of a Bitcoin Fork Appear as Tensions Rise Discussions about a potential Bitcoin fork are surfacing on social media platform X, sparked by ongoing debates about the trend of Ordinal inscriptions, the block space these inscriptions occupy, and the increasing transaction fees of BTC. As of Dec. 23, 2023, a backlog of 291,660 unconfirmed bitcoin transactions exists. The current cost for transferring bitcoin stands at 81 satoshis per virtual byte (sat/vB) or $4.97 per transaction. Comparatively, fees were much higher on Dec. 16, 2023, when the rate was 674 sat/vB, equating to $40 per transfer. Moreover, certain Bitcoin enthusiasts scorn Ordinal inscriptions, labeling them as 'spam,' an 'attack,' a 'scam,' and fundamentally a misuse of resources. On Dec. 23, advocate Adam Simecka asserted that Ordinal inscriptions are a 'scam,' causing division among bitcoiners, and predicted that this trend 'will result in a hard-fork (a new version of Bitcoin) that will eventually fail.' The Twitter user Pledditor informed its 16,900 followers about Taproot Wizards' alleged attempts 'to fork Bitcoin to be more like Ethereum.' Pledditor's X post came as a rebuttal to Udi Wertheimer's mention of 'BIP-1559' on the same platform. Fur... read More



Jack Dorsey-Backed Ocean Bitcoin Mining Pool Introduces Block Template O...

    Ocean, a Bitcoin mining pool backed by Jack Dorsey, has introduced block template options to allow individual miners to decide which transactions will be included in the next block. The feature, dubbed 'path to decentralization,' will allow pool users to mine transactions with Ordinal inscriptions, paying a premium of 2% over the other miners in the pool. Ocean Bitcoin Mining Pool Introduces Block Template Policies Ocean, the Bitcoin mining pool backed by former Twitter (now X) CEO Jack Dorsey, has announced a change in its block template policies for mining. According to a press release, the company will now offer several block template options to allow miners to choose the transactions included in their blocks. Ocean detailed that it will offer three block template policies, including two that filter Ordinal inscriptions and one that follows Bitcoin Core's unmodified policies, referred to by Ocean as having the 'fewest financial transactions and most spam.' While the first ones will enjoy a 0% 'promotional pool fee,' the third option will have a 2% 'competitive' fee. Bitcoin Mechanic, global head of sales for Ocean, stated: Block template construction has become so centralized that we can make significant progress towards improving things simply by providing a glimpse into the future. The move, which departs from Ocean's former position of filtering Ordinal inscriptions and Samourai Wallet privacy transactions, was received both positively and negatively by the ... read More



Bitcoin Blockchain Surpasses Half-Terabyte Amid Soaring Transactions and...

    Although bitcoin's price hasn't eclipsed its historic peak, this year the network has shattered multiple records. These include reaching the highest level of difficulty, achieving an all-time high in total hashrate, and setting a new record for daily confirmed transactions. In 2023, another new milestone was achieved as the distributed ledger expanded to half a terabyte, surpassing 500 gigabytes in size to accommodate the entire blockchain's records.Bitcoin Exceeds 500 GB Blockchain Size Amidst Unprecedented Transactional Growth To maintain an unpruned Bitcoin blockchain, node operators now need in excess of 500 gigabytes (GB) of available storage. Downloading the full blockchain would take about 47 hours and 44 minutes using a standard 24 Mbps ADSL connection. Conversely, with a 100 Mbps fiber optic connection, the process shortens to roughly 11 hours and 22 minutes, assuming there's no network congestion or server restrictions. Current data reveals that the Bitcoin blockchain's size has reached 534.49 GB, exceeding half a terabyte (TB). Around 431 days ago, or one year and two months back on October 15, 2022, the blockchain was approximately 432 GB. This indicates a growth of just over 100 GB in the past year, a rate faster than usual. This acceleration is primarily due to the average Bitcoin block size increasing significantly in 2023, with this trend notably beginning on January 2, 2023. The rise of Bitcoin block sizes stems from the Ordinals inscription trend that starte... read More



Adam Back States 'You Can't Stop JPEGs on Bitcoin,' Proposes Block Size ...

    Adam Back, CEO of Blockstream and legendary cryptographer, has acknowledged that inscriptions, media embedded directly on top of Bitcoin, cannot be stopped, stating that any action focused on this will only prompt users to do it in 'worse ways.' Instead, Back proposed adding a new blob of data to Bitcoin blocks dedicated to inscription purposes. Adam Back Proposes Block Size Increase to Support Inscriptions Blockstream CEO Adam Back recognized that fighting Ordinal inscriptions, media embedded directly on the Bitcoin blockchain, is useless. In recent statements posted in X, Back stated that JPEGs (images) on Bitcoin were unstoppable and that any actions directed to stop them would only worsen the situation. Back declared: Complaining will only make them do it more. trying to stop them and they'll do it in worse ways. the high fees drive adoption of layer2 and force innovation. so relax and build things. Back has been critical of the Ordinals protocol and its purpose since its launch, calling it 'inefficient' and 'stupid,' prompting developers to use other solutions like IPFS to achieve the same objective. The issuance of Ordinal inscriptions and stamps, another media embedding protocol on Bitcoin, recently took transaction fees to over $40. According to Back, a solution to this congestion issue can come in the way of allocating space directed to host this and other Bitcoin-centric data through a 'segwit annex' to each block. He explained: Inscriptors want unavo... read More



Jack Dorsey's Block Launches Bitkey: A New Self-Custody Bitcoin Wallet W...

    Block, Inc. has recently introduced Bitkey, its innovative self-custody bitcoin wallet, offering a unique approach to bitcoin management. Unlike traditional wallets which rely on passwords or seed phrases, Bitkey utilizes a distinctive 2-of-3 multi-signature mechanism for recovery.Bitkey Wallet Approach Ditches Traditional Seed Phrases Bitkey, conceived and built by Block, Inc. (formerly Square, Inc.), is a new bitcoin (BTC) wallet that encompasses a mobile app, a hardware device, and a suite of recovery tools. The non-custodial aspect of Bitkey's design is different as it eliminates the traditional reliance on seed phrases. Instead, the wallet employs a 2-of-3 multi-signature scheme where the user is provided with two keys: one integrated within the mobile app for everyday transactions and another stored in a separate hardware device for additional security. The third key, held by Bitkey, serves as a recovery mechanism. 'People holding bitcoin on exchanges and custodial platforms today are often hesitant to move to self-custody wallets because they are nervous about making mistakes, especially with the historical requirement that you must safely guard 12 or 24-word long passwords called 'seed phrases,'' Lindsey Grossman, the Business Lead for Bitkey said. 'People have often felt stuck: worried about the lack of control they might experience on a custodial platform or exchange, yet also anxious about the unforgiving product experiences that exist in other self-custody wallets... read More



Satoshi Era Bitcoin Awakens: 2010 Block Reward Moves 3 Days After Mega W...

    After the notable appearance of a mega whale on December 4, another block reward from the Satoshi era was moved on December 7, at a block height of 820,156. This transaction marks the 21st block reward from 2010 to be spent in the initial week of December.Sleeping Bitcoin Stash Stirs After a Decade On Thursday, December 7, 2023, a dormant stash of 50 bitcoin (BTC) stirred into action for the first time in over ten years. This movement of the so-called 'sleeping bitcoins' was detected by the blockchain parsing platform btcparser.com. Echoing the activity seen on December 4, where a series of 20 blocks were utilized, the original address divided the funds between two separate Pay-to-Script-Hash (P2SH) addresses. The originating address, known as '18JkK,' was established on July 24, 2010. From this, it transferred 1 BTC to the address labeled '32Xas' and a further 48.99 BTC to '3DD4X.' Nevertheless, the transaction was conspicuous in terms of privacy, garnering a low privacy score of 5 out of 100 from Blockchair's privacy analysis tool. This was attributed to identifiable issues like matched inputs and outputs. While the transfer of 50 BTC may seem modest compared to the 1,000 BTC moved by the spender of 20 block rewards on December 4, its current value of $2.18 million is striking, especially when contrasted with its July 2010 worth of just $15. Moreover, instances of moving bitcoins from 2010 have become notably scarce in 2023, with more frequent sightings of 2012-era bitcoins... read More



Big Names Talk Potential Impact of ETFs on BTC Price, Solo Miner Pulls D...

    Global investment bank JPMorgan has noted that SEC approval of a spot bitcoin exchange-traded fund (ETF) could 'put severe downward pressure on bitcoin prices.' Conversely, Standard Chartered Bank sees 'price upside' related to such an approval from the United States Securities and Exchange Commission. In other news, a solo bitcoin miner has snagged a block reward with just 0.0004% of the network's hashpower. This and more just below, in the latest Bitcoin.com News Week in Review. JPMorgan: Spot Bitcoin ETFs Could Put 'Severe Downward Pressure on Bitcoin Prices' Global investment bank JPMorgan has cautioned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could 'put severe downward pressure on bitcoin prices.' The bank's analysts estimate that billions of dollars could exit the crypto market after Grayscale Investments converts its bitcoin trust (GBTC) into a spot bitcoin ETF. Read More With Just 0.0004% of Bitcoin's Hashpower, Solo Miner's 2 PH/S Effort Secures Block Reward On November 26, 2023, a stroke of remarkable luck befell a solo miner when they discovered block 818,588, verifying a total of 4,193 transactions. This achievement garnered the miner a total of 6.887 BTC, inclusive of the 6.25 BTC subsidy and transaction fees. Read More Standard Chartered Anticipates Bitcoin Reaching $100,000 Sooner Than Expected Standard Chartered Bank has doubled down on its bitcoin price forecast of $100,000 next ye... read More



With Just 0.0004% of Bitcoin's Hashpower, Solo Miner's 2 PH/S Effort Sec...

    On November 26, 2023, a stroke of remarkable luck befell a solo miner when they discovered block 818,588, verifying a total of 4,193 transactions. This achievement garnered the miner a total of 6.887 BTC, inclusive of the 6.25 BTC subsidy and transaction fees.Solo Miner's Slim Odds Pay Off: Claims Bitcoin Block Reward With Mere 2 PH/s Hashrate Echoing a similar event from the end of October, this miner, also affiliated with Solo Ckpool, successfully mined the block. Ckpool is designed to support independent miners, allowing them to retain the entire block reward, unlike other pools where rewards are shared. Con Kolivas, the developer overseeing Solo Ckpool, remarked that this was the 279th block successfully mined by the pool. He noted the rarity of such an event, stating, 'A miner of this size would solve a block on average only once every 5 years,' underscoring the miner's extraordinary luck in this instance. For context, the Bitcoin network's total hashpower stands at approximately 488 exahash per second (EH/s), or 488 quintillion hashes per second. In comparison, the solo miner's contribution of 2 PH/s, or 2 quadrillion hashes, represents a mere 0.0004% of the network's collective hashpower, highlighting the improbability of their success. What do you think about the solo miner discovering a block with such a small amount of hashrate? Share your thoughts and opinions about this subject in the comments section below. read More



Foresight Ventures Acquires Majority Stake in The Block

    Foresight Ventures, a Singaporean Web3 VC firm, has announced it acquired a majority stake in The Block, a cryptocurrency-focused news outlet. The deal, which values The Block at around $70 million, will allow the news platform to purchase the stake belonging to former CEO Mike McCaffrey, who had received funding secretly from Alameda Research, an investment company co-founded by former FTX CEO Sam Bankman-Fried. Foresight Ventures Acquires 80% Stake in The Block Foresight Ventures, a Singaporean Web3 and crypto-focused investment firm, acquired a majority stake in The Block, a cryptocurrency news outlet. According to reports from Axios, the deal valued the company at $70 million and allowed the VC firm to acquire 80% of the company for roughly $60 million. The funds will be used almost entirely to buy out the company's stake still in the hands of former The Block CEO Mike McCaffrey, who acknowledged he had received more than $40 million in loans from Alameda Research, a VC firm co-founded by former FTX CEO Sam Bankman Fried, in 2021 and 2020, to restructure the company given that it was in a 'precarious place.' The purchase aims to steer The Block to acquire Asian users, a goal that has been difficult to reach for Western news companies due to several factors, including the language barrier. Tony Cheng, a Foresight Ventures partner who will now also be part of The Block's board, stated: We're focused on helping companies bring in more users from Asia. We're seeing sig... read More



Bitcoin Fees Climb 150% in 3 Days as Block Space Grows More Expensive

    Transaction fees within the Bitcoin network have surged considerably, eclipsing the figures recorded merely three days prior. A transfer deemed high-priority, which formerly cost an average of $3.38, now demands a fee of $8.46. This significant increase was recorded on Thursday, November 9, 2023, at precisely 9:52 a.m. Eastern Time. This upsurge coincides with a backlog exceeding 200,000 pending transactions in Bitcoin's mempool, a situation attributed to both the escalated fees and a recent spike in Ordinal inscriptions.Bitcoin Fees Skyrocket in 72 Hours as Users Scramble for Tightening Block Space The demand for space in Bitcoin's ledger has witnessed a sharp rise, compelling miners to face a daunting 429 megabytes of data backlog, equivalent to approximately 229 blocks. At block height 815,999, there is a logjam of around 201,646 transactions awaiting confirmation by miners. Only three days ago, the fee to expedite a transaction with high priority was pegged at $3.38; since then, it has soared over 150% to its present price of $8.46 per transaction. This is in the wake of a staggering 4,000% hike in BTC fees the previous month. Archived data from mempool.space shows that sending a bitcoin transaction without priority costs $0.74, while a low-priority transaction comes with a $6.51 fee. Medium priority transactions stand at approximately $7.56 as of Thursday. Bitinfocharts.com reports that the average bitcoin transaction fee is 0.00019 BTC, or $7.17, with the median fee at... read More



Jack Dorsey's Block (SQ) Jumps 12% After Bitcoin Revenue Surges In Q3

    Shares for Jack Dorsey’s fintech giant Block (SQ) surged by 12% to $49.19 on Friday after the company published bullish third-quarter earnings figures a day prior. That includes increased Bitcoin revenue at the company’s payment subsidiary, Cash App, which reeled in 37% more income than during the same period last year. Block is Back Per the Thursday report, Block’s total net revenue rose by 24% year over year to $5.62 billion. When excluding “Bitcoin revenue”, this figure shrinks to $3.19 billion, up 16% since Q3 2022. Bitcoin revenue is generated by Cash App’s sales of BTC to customers. Only 2% of that revenue – which totaled $2.42 billion – is actually kept by the company as gross profit, amounting to $45 million this quarter. Across the company, Block’s earnings per share amounted to $0.55, adjusted, beating expectations of $0.47 in adjusted earnings. Gross profit grew 21% since last year, from $1.57 billion to $1.9 billion. Of that profit, roughly $674 million was transaction-based, while another $1.23 billion was subscription and services-based – increases of 9% and 25% year over year, respectively. Block’s Bitcoin Balance Block also got a balance sheet boost thanks to the value of the BTC on its balance sheet rising this year. As of September 30, Bitcoin traded for, compared to $26,967 exactly one year prior. “The carrying value of our investment in bitcoin, after cumulative impairment charges, was... read More



Solo Bitcoin Miner Snags $200,000 Block Reward, How Did They Do It?

    A solo Bitcoin miner has struck gold after successfully claiming a $200,000 block reward. The considerable achievement has captured the attention of fellow miners and crypto enthusiasts, highlighting the potential for lone miners to effectively compete with larger mining operations  Lone Bitcoin Miner Hits Jackpot On October 28, a software engineer of Bitcoin CGMiner and an admin of Solo Ckpool, Dr. Con Kolivas congratulated a lone Bitcoin miner in an X (formerly Twitter) post for accomplishing a rare milestone by solving the 278th solo block at Solo Ckpool.  The lucky miner used 11 PH/s of hash power to discover block 814,308 and claimed a $200,000 (6.25 BTC) block reward. “Congratulations to miner 3KCykmdpBpNKTtZJAvp3u2N2EQjGzbUF7c with ~11PH for solving the 278th solo block on solo.ckpool,” Dr. Kolivas stated.  Presently, large-scale mining operations and pools are dominating the Bitcoin mining industry. When blocks are discovered, these mining companies often share the rewards. In contrast, mining pools like Solo Ckpool offer lone miners a higher level of independence allowing them to earn almost all rewards when they discover a block.  This recent solo mining achievement has not been the only accomplishment this year. In August, a solo Bitcoin miner solved block 803,821, claiming 6.25 BTC worth $160,000. Multiple solo miners have also discovered substantial blocks and reaped significant rewards in the last few months.  The lure of so... read More



Lucky Solo Miner With 11 PH/s Bags Bitcoin Block Reward Amid Giant Pools...

    Recent insights reveal that a solo miner successfully mined block 814,308 employing a mere 11 petahash per second (PH/s) of mining power. This feat was achieved through Solo Ckpool, a service for solo miners endowed with lower hashrates or older, less efficient hardware.Solo Miner Finds Another Block in 2023; Unveils Unpredictable Vein of Bitcoin Mining The realm of solo miners-entities mining bitcoin without the support of behemoth pools-has witnessed the discovery of several blocks this year. On October 28, 2023, Con Kolivas, a developer who manages Solo Ckpool announced that a lone bitcoin miner discovered block 814,308 wielding 11 PH/s of hashpower. Unlike the colossal BTC mining pools that share the spoils of most of today's block discovery, unique platforms like Ckpool are engineered to empower solo miners to carve their path independently. Although Ckpool boasts 3.1 exahash per second (EH/s) of hashpower, the scenario morphs when a solo miner strikes gold by mining a block. Upon the successful mining of a block subsidy, the fortunate miner reaps 99% of the block reward, leaving other miners in the pool with empty hands. Just 72 days earlier, on the morning of August 18, 2023, Kolivas revealed that block height 803,821 had been mined by a solitary miner with only 1 PH/s of hashrate. Kolivas further noted that a miner with 1 PH/s has a chance of success once every seven years to find a block, given the network's difficulty. Despite the stroke of fortune, another miner fo... read More



Bitcoin Miner Marathon Mines Invalid BTC Block

    Marathon Digital Holdings (MARA), a prominent Bitcoin mining company, has reportedly mined an invalid Bitcoin block at height 809478. According to various developers, miners, and researchers, the invalid Bitcoin block resulted from a wrong transaction ordering. Anonymous Developer Exposes Transaction Ordering Issue The issue was first brought to light by an anonymous Bitcoin developer known as 0xB10C, who took to social media platform X to report the incident. According to the developer, the problem originated from a transaction ordering issue within Marathon's mining pool, known as MaraPool. 'It seems like MARAPool had a transaction ordering issue,' 0xB10C stated in their initial tweet. They then pinpointed the specific transaction that caused the problem. The invalid block contained a transaction identified as the sixth one in the invalid block. This one attempted to spend an output from another transaction, which was the 1,454th transaction in the block. Confirmed on my nodes. https://t.co/NIrNMGHnwa — Jameson Lopp (@lopp) September 27, 2023 Notably, the latter transaction was positioned lower down in the block, invalidating the entire block due to improper transaction ordering. Furthermore, the developer suggested that Marathon Digital might have been running custom code. They stated, 'They might be running custom code. Bitcoin Core normally double-checks block validity after creating a block template,' hinting at the possibility of a customized approach that devi... read More



Marathon Digital Mines Invalid Bitcoin Block Amid Heightened BTC Volatil...

    MARA Pool, the Bitcoin mining pool operated by the publicly listed Marathon Digital Holdings, had a transaction ordering issue on September 27 after it mined an invalid block at block height 809478. The invalid block was first picked by an X user, '0xB10C', before Jameson Lopp, the CTO of Casa, a Bitcoin-focused company, later confirmed it. Lopp scanned his node and noted that MARA Pool had spent an output before it was created, validating a double-spent transaction.  Marathon Digital Mined An Invalid Block In Bitcoin, a mining pool or an individual miner can't approve an 'illegal' transaction originating from any network user. By double-spending, the user posting the transaction tries to cheat the system.  Bitcoin is self-auditing, and every miner and mining pool connected to the network must always confirm that all transactions in the latest block and attached to the longest chain are valid. If a block contains an invalid transaction not supported by other miners, it will be rejected. This was the case with the block verified by MARA Pool; other miners automatically dismissed it and didn't build on it. BitMEX Research findings show that the block was disregarded because of a transaction ordering problem. In Bitcoin, miners decide the order of transactions within a block based on the fees attached.  All these transactions are picked from the mempool, a temporary storage for all unconfirmed transactions. While they can arrange them in any... read More



Ethereum Censorship Concerns Raised as Block Builders Comply with OFAC S...

    A new report shows that today, five out of the six largest Ethereum block builders comply with the United States Office of Foreign Asset Control (OFAC) sanctions. A post on X by Toni Wahrstätter, an Ethereum researcher and data analyst, reveals that over the past few months, there has been a noticeable surge in censorship. Notably, OFAC-compliant blocks are those that omit transactions involving parties sanctioned by the U.S. Treasury Department's Office of Foreign Assets Control. Following the government's sanctions on Tornado Cash transactions for U.S. citizens in August, the majority of blocks added to the blockchain adhered to OFAC compliance. Ethereum's Growing Censorship Concerns The post by Wahrstätter underlines the multiple layers of censorship within the PBS stack. Validators may selectively include or exclude transactions in blocks or avoid attesting to specific validators, and relays can filter blocks based on certain rules. Lastly, builders can simply omit specific transactions. New dashboard online - https://t.co/1Pnbe14NLG May it shed light onto the extent of censorship and guide us towards implementing practical solutions for enshrining a strong form of censorship resistance. More info pic.twitter.com/zyau9L3W1h — Toni Wahrstätter (@nero_eth) September 26, 2023 While progress has been made on the relay front, thanks to Ultra Sound, Agnostic, and BloXroute relays, many top builders have begun implementing censorship. That means they do... read More



Chase UK to Block Crypto Payments Amid Scam Concerns and Regulatory Chan...

    JPMorgan Chase & Co.'s U.K. division, Chase UK, is putting the brakes on cryptocurrency-related payments. Come October 16, any Chase UK customers attempting to make a bank transfer or card payment linked to crypto will find themselves thwarted.Chase UK to Halt Crypto Payments in Mid-October Chase UK customers are about to hit a roadblock for payments tied to cryptocurrency dealings. The bank's rationale? A spike in scams and fraud. An email from the institution cautions, “If we think you’re making a payment related to crypto assets, we’ll decline it.” A representative from Chase verified the email's legitimacy to Bloomberg and shed light on their stance. Coindesk’s Sandali Handagama also reported on the Chase UK email on Tuesday prior to Bloomberg's confirmation. “We’ve seen an increase in the number of crypto scams targeting U.K. consumers, so we have taken the decision to prevent the purchase of crypto assets on a Chase debit card or by transferring money to a crypto site from a Chase account,” the Chase spokesperson revealed. Chase made its move after a series of regulatory overhauls in the United Kingdom within the past six months. For instance, the U.K. Financial Conduct Authority (FCA) introduced new guidelines for the crypto industry. Concurrently, the financial powerhouse Paypal has briefly suspended U.K.-based crypto transactions, pointing to these regulatory adjustments. What do you think about the decision Chase UK m... read More



Decoding Bitcoin Spark: The New Cryptocurrency on the Block Set to Rival...

    The crypto industry is rapidly evolving, with massive and potential projects inaugurated. Therefore, the decentralized ecosystem has maintained a connection with virtual currency as they depict it as the future of digital transactions. While other developing projects emanate in the ecosystem, Bitcoin Spark has already made waves and garnered insights in the crypto ecosphere. The platform has a one-of-a-kind consensus mechanism yet to be witnessed in the cryptocurrency ecosphere. It also projects to be a future-generation blockchain platform leading to the exponential mass adoption of digital currencies. What Is XRP? XRP is the native currency of Ripple. Ripple Labs developed the decentralized platform. Ripple is used to conduct transactional remittances and cross-border payments. The digital network was developed as an alternative to SWIFT, a  prominent money transfer network. Users can purchase the XRP token in various exchanges, such as Binance and Coinbase. Those holding the XRP token can become DAOs as they can partake in governance. Governance entails a voting mechanism that users conduct to facilitate changes in the ecosystem. Will XRP Go Up? XRP has had an impressive surge and development since its inauguration in 2012. Most individuals were yet to confirm the progress and immense profit the decentralized network would bring to venture capitalists and other financiers. The digital currency gained traction that led to an exponential surge. The SEC  argued tha... read More



Next Block Expo Returns to Berlin – Leading European Blockchain Fe...

    [PRESS RELEASE - Berlin, Germany, September 7th, 2023] Next Block Expo (NBX), the Blockchain Festival of Europe, is set to make its return to Berlin on December 4th and 5th. 2500+ Attendees, 140+ Speakers, 60+ Exhibitors, 8 Awards Categories. The third edition of the highly anticipated event will take place at the iconic CineStar Cinema, located in the heart of Berlin, just steps away from the world-famous Weihnachtsmarkt. The two-day event will explore the latest developments and trends in various fields, including DeFi, Metaverse, NFT, Gaming, Privacy, Scaling, Exchanges, Venture Capital, Fundraising, Legal/Tax, Payments, and Security, gathering top Web3 brands and speakers. Over the years, the conference has hosted top brands, including Binance, Ethereum Foundation, Polygon, Cosmos, Polkadot, Solana, Near, Aleph Zero, and many others. Igneus Terrenus, Partner Relations at BitDAO & Public Liaison at Mantle, commented on the event, stating: 'NBX is a prime barometer for the industry’s health and vibrancy, allowing an unvarnished look into regional insights and setting a fabulous stage for global ideas.' Organizers have curated special formats including Trading Zone, Women in Web3 with dedicated content and networking sessions, Pitch Contest for Web3 Startups, Hackathon, and much more. To enhance networking and collaboration opportunities, all Next Block Expo attendees will gain access to a highly valued smart-networking app dedicated to the event where they can: ? Find... read More



Diamond In The Rough: Solo Bitcoin Miner Secures $160,000 Block Reward

    On August 18, a solo miner managed to solve block 803,821, securing a remarkable 6.25 Bitcoin block reward valued at $160,000. This is a very rare event as lone miners have a lower chance of mining a block due to the increase in mining difficulty and this solo miner became the 277th solo miner in bitcoin's history to achieve this.  Solo Bitcoin Miner Makes History The solo miner was able to pull off this remarkable achievement using the Solo CKpool mining service. The miner identified with the tag bc1q2za4ejga366sn288273pty8trasn5zs4y9hqg6 used an S17 Bitcoin Miner with a hash power of roughly 1 PetaHash which is way lesser than most BTC mining entities, as was speculated by Con Kolivas, the administrator of Solo CKpool. Congratulations to miner bc1q2za4ejga366sn288273pty8trasn5zs4y9hqg6 with ~1PH of hashrate at solving the 277th solo block at https://t.co/UWgBvLkDqc! A miner of this size would only solve a block solo on average once every 7 years at current diffhttps://t.co/cNgm1KUqvw — Dr. Con Kolivas (@ckpooldev) August 19, 2023 Perhaps the most interesting thing about this development is that the miner achieved this remarkable reward when mining difficulty was almost at an all-time high of 52.39. Normally, mining Bitcoin with just 1 PetaHash seems impossible compared to other BTC solo miners that were able to pull this off in the past who had hash rate capacity in exa-hashes. It is almost impossible for a solo miner to solve an entire block on their own, due ... read More



Shibarium Launch Saga: Block Production Resumes Despite Stuck ETH

    The Shibarium didn’t get off to a flying start following its launch on August 16. However, the network aims to move past these incidents as block production resumes. Developers Restarts Network Data from Shibariumscan.io shows that the layer-2 network is up and running again. Shibarium had on August 17 paused block production following the traffic surge, which overwhelmed the blockchain upon mainnet launch.  Close to $1.7 million in bridged funds had reportedly gotten stuck on the Shibarium bridge, with lead developer Shytoshi Kusama confirming that the funds were irrecoverable. However, in a blog post titled “Shibarium: ALL IS WELL,” Kusama termed this FUD and stated that contrary to earlier reports, there was no bridge issue and all funds were “safu.” He stated that Shibarium experienced a “massive influx of transactions and users that happened at the same time” upon the network going live. That led to the network going offline and not due to its functionalities as earlier thought. To highlight the magnitude of the traffic surge that the network experienced, Kusama referenced data from the Web3 development platform Alchemy. Shibraium was allotted 400 Million compute units monthly, but the network experienced 160+ million compute units in just under 30 minutes. At that rate, the network could experience billions of compute units daily, putting it on par with the most active layer-2 blockchains.  Plans To Scale After Shib... read More



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