A transaction of more than half a billion dollars cost the sender only 26 cents

2020-4-2 18:55

On Wednesday, April 1, a transaction for 100,000 BTC appeared on the bitcoin network. The estimated payment amount exceeded $ 600 million dollars, but the size of the commission paid did not even reach $ 1, and this is not a joke.

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In-person meatspace protocol to prove unconditional possession of a private key

Recommended pre-reading: https://ethresear. ch/t/minimal-anti-collusion-infrastructure/5413 Alice slowly walks down the old, dusty stairs of the building into the basement. She thinks wistfully of the old days, when quadratic-voting in the World Collective Market was a much simpler process of linking her public key to a twitter account and opening up metamask to start firing off votes.

2019-10-2 04:03


Bitcoin Whale Moves a Cool Billion Dollars for a Mere $700 Fee

On September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee. The Token Analyst team traced some of the 94,500 bitcoin to the address of Huobi Global, a major cryptocurrency exchange, but the origins of the rest of the […] The post Bitcoin Whale Moves a Cool Billion Dollars for a Mere $700 Fee appeared first on CCN Markets

2019-9-6 17:22


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Op Ed: A Summary of

In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.

2019-5-18 22:14


MIT-Backed SendFriend is Using Ripple’s Xrapid Crypto Product to Improve International Payments

Payments sent across borders account for billions of dollars every month. In a bid to drastically lower transaction fees, startup companies, particularly in the blockchain sector are doing everything possible to create a direct peer to peer payment network that cuts out the middleman, and allows those who need these monies actually get those payments. […]

2018-11-6 00:35


The Lightning Network and Litecoin (LTC) can Drive Everyday Crypto Payments and Spending

The Lightning Network was created to be the answer to Bitcoin’s slow transaction time and high fees.  Without this improvement in speed and efficiency, everyday spending is impractical. It doesn’t make sense to buy something for only a few dollars if the fees are double or even triple of the price of the item you […] The post The Lightning Network and Litecoin (LTC) can Drive Everyday Crypto Payments and Spending appeared first on ZyCrypto.

2018-9-27 22:27


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Bank Of America Show That Bitcoin Transfers Are 6000 x Cheaper Than Their Own

The Bank of America have released data that shows how Bitcoin transfers equate to around 6000 times cheaper than the traditional transfer of FIAT currencies at the banks own standard rates. Many do argue that Bitcoin transactions carry a ridiculous expense, however with these findings in mind, Bitcoin is still proving to be a far superior alternative to FIAT currencies.

2018-9-21 20:00