NewsHome - News
In the wake of allegations that bitcoin hardware manufacturers may be engaging in unfair practices, one of the industry's largest mining chip providers is calling for new transparency in the sector.
In a new interview with Canaan Creative, maker of the Avalon chip series, spokesperson Steven Mosher said the company is willing to take the first step to make its practices more open, arguing accusations levied against fellow chip maker Bitmain have exposed an issue that those in the industry now need to correct.
Should the bitcoin network suddenly split into rival networks, those negatively impacted in a shake-up may be unable to turn to courts for recourse.
In conversation with CoinDesk, legal experts discussed the more notable claims that have emerged amidst escalating discussions about a potential bitcoin hard fork, a process by which a portion of the network could migrate to new software, possibly creating two separate blockchains - and two bitcoin tokens - in the process.
A new two-part deal valued at $30m will see BitFury expand its footprint in China.
The full-service blockchain technology company has announced a deal with Credit China Fintech, a firm that provides consumer-facing financial products, according to FT. The $30m deal has two components: an investment in BitFury directly and plans to establish a joint venture in China.
Valery Vavilov is the CEO and founder of Bitfury Group, a leading blockchain company that delivers software, hardware, mining and consulting solutions focused on the technology.
In this CoinDesk 2016 in Review special feature, Vavilov discusses his vision for the future of blockchain technology, and why he believes it will prove key to providing a more secure and inclusive world.
Bitcoin miners can now show their support for a long proposed technical update that would boost the network's transaction capacity.
Following block 439,488 on the bitcoin blockchain (which occurred at roughly 8:30 UTC today), miners can now upgrade their software by changing a header value in the blocks that they process.
As if running the third-largest bitcoin mining pool wasn't enough, China-based Bitmain announced the launch of its second mining pool yesterday.
Unlike the other large mining pools, though, the new offering (launched through its subsidiary BTC.com) will be open sourced to its community of users. According to Bitmain, the pool is not meant as a replacement for its popular Antpool platform (which has roughly 13% of the network's market share) but rather to enhance the stability of the bitcoin network.