Search
Block Sizes Exceeding 3 MB Now Common on Bitcoin Blockchain as Ordinal Inscription Demand Rises
12.2.2023
Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628) on the Bitcoin blockchain, block sizes have been larger than they were prior to that block height in the past 12 days. Statistics show that blocks larger than 3 MB are now quite common, and demand for Ordinal...
Nifty News: Bitcoin NFTs cause spicy fees, Mastercard exec tokenizes resignation letter and more
3.2.2023
Users are posting massive files to the Bitcoin network via the Ordinals protocol, taking up block space and paying high fees to do so
Bitcoin Records Largest Mined Block to Date, 4 MB Block Containing NFT Causes Unease Among Small-Block Supporters
2.2.2023
Amid the controversy surrounding the Ordinals project and the debate over what types of data should be stored on the Bitcoin blockchain, the network mined its largest block, nearly 4 MB in size, containing just 63 transactions. One of the transactions was a 3.94 MB Ordinal inscription featuring...
Ordinals protocol sparks debate over NFT's place in the Bitcoin ecosystem
30.1.2023
The community has been divided as to whether the NFT-like "digital artifacts" are the right fit for the Bitcoin ecosystem
What is Bitcoin hash rate and why does it matter?
5.10.2022
Cryptocurrency’s hash rate measures a blockchain network’s processing power to process transactions
Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’
28.6.2022
To mine, or not to mine, that is the question. Professional Bitcoin miners discuss the nuance of BTC mining and whether now is a good time to get started
The Number of Entities Using Bitcoin to Store Arbitrary Data Has Declined
30.4.2022
Three years ago there were a lot of discussions concerning data embedded in bitcoin transactions and the block size space consumed by these OP_Return transactions. However, in recent times, the use of OP_Return transactions has dropped a great deal and the trend has lowered network fees to some...
Cardano Network Developers Increase Block Size by 10%
27.4.2022
The upgrade did little to buffer up ADA prices in a falling market
Robinhood’s CEO, Elon Musk, and DOGE Co-Founder Billy Markus Discuss Improving Dogecoin
15.4.2022
On Thursday, following Robinhood’s listing of shiba inu, the co-founder and CEO of Robinhood, Vladimir Tenev, spoke about dogecoin being the future currency of the internet on Twitter. Tenev’s Twitter thread got a lot of comments and also received responses from the co-founder of...
Robinhood CEO Steps on the Same Old Rake with Idea to Increase Dogecoin Block Size
15.4.2022
Vlad Tenev, co-founder and CEO of the popular trading app Robinhood, shared a new old solution for increasing dogecoin (DOGE)'s throughput – and the community doesn’t seem impressed.
In a Twitter thread, Tenev said that he’s been “thinking about what would [it] take” for DOGE to “truly be...
Bitcoin transaction fees hit decade lows, here's why
6.4.2022
The cost of moving Bitcoin across the network has hit decade lows as Lightning Network, batching, miner behavior and protocol improvements have driven costs down
Bitcoin SegWit adoption lags among major exchanges: Glassnode
4.2.2022
A Glassnode report reveals that cryptocurrency exchanges some major exchanges are still holding despite being heavy consumers of Bitcoin block space
Bitcoin records all-time high network difficulty amid price fluctuations
23.1.2022
Data from BTC.com estimates that the network will continue to grow stronger by attaining another ATH in the next 12 days — with a network difficulty of 26.70 trillion
Bitcoin Taproot upgrade improves the network as BTC price impact may be limited
13.11.2021
This upgrade focuses on the expansion of the Bitcoin network’s smart contract capabilities and improves privacy on the network
While Musk Mentions Doge Improvements, Dogecoin Developers Continue to Address Scaling Concerns
25.10.2021
On Sunday, Elon Musk discussed his relationship with the Dogecoin Foundation and he mentioned a few improvements he’d like to see implemented via Dogecoin Core’s codebase. Meanwhile, Github metrics show developers have been working on Dogecoin Core during the last few months and...
Contrary to Musk's Idea, You Can't Just Increase Block Size, Says Buterin
24.5.2021
There are limits to blockchain scalability in order to not sacrifice decentralization, according to Ethereum (ETH) Co-founder Vitalik Buterin, and "you can't "just increase the block size by 10x"," as was Tesla's chief Elon Musk recently shared idea.
While Musk recently tweeted...
‘Ossification Is Stupid:’ Bitcoin Development Controversy Strikes ‘Speedy Trial’ Taproot Activation
17.4.2021
The well known software developer Luke Dashjr is in the midst of controversy over how to upgrade the Bitcoin network in order to add the Taproot protocol. Bitcoin Core developers want to upgrade with “Speedy trial,” which will allow miners to push the feature through. However, Luke...
What the forks? Bitcoin Cash and Ethereum Classic see triple-digit rallies
16.4.2021
Following Dogecoin’s lead, Ethereum Classic rallied to a new all-time high and Bitcoin Cash price doubled as altcoin forks start to gain traction
Can a Bigger Block Size Solve Bitcoin’s Scalability Issues? Miners See a Vast Potential with Bitcoin8M
25.2.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Amid so many controversies, growing blockchain scalability problems force miners to reconsider a bigger block size through the ‘Bitcoin8M campaign’.
Scalability means the ability of the blockchain network...
Transaction fees, explained
1.11.2020
Why do blockchains need transaction fees — and which networks allow crypto to be transferred less expensively? This explained article takes a look