Blockchain: The Intermediary Illusion

Posted on By AltCoinix
Blockchain: The Intermediary Illusion
Blockchain Technology
Digital transactions originally necessitated an intermediary, a trusted third party, before the advent of cryptocurrencies. The argument made by many blockchain proponents is that, being anonymous, immutable, public ledgers, blockchains herald a new era of intermediary-free transactions. Yet, blockchain’s potential to completely eliminate intermediaries is quite limited: here’s why. The necessity of service providers has … Read More “Blockchain: The Intermediary Illusion” »

The Future of Bitcoin: Beyond the 21 Million Limit

Posted on By AltCoinix
The Future of Bitcoin: Beyond the 21 Million Limit
Cryptocurrency
Roughly every 10 minutes, fresh bitcoins enter the Bitcoin ecosystem, marking the average duration required to forge a novel block on its blockchain. Once every four years, or after the creation of 210,000 blocks, the amount of bitcoins generated per block is intentionally decreased by half. The finite supply of Bitcoin (BTC) stands out as … Read More “The Future of Bitcoin: Beyond the 21 Million Limit” »

Steve Bannon: A Revolutionary Journey into Bitcoin

Posted on By AltCoinix
Steve Bannon: A Revolutionary Journey into Bitcoin
Cryptocurrency
Given Bannon’s political inclinations, it’s hardly shocking that he’s drawn to bitcoin. Libertarians, keen on reducing governmental influence, find the saga of bitcoin—a financial tool birthed from a crisis caused by governmental actions—particularly compelling. Despite his attraction, there’s an element of irony in Bannon’s interest. The cryptocurrency’s portrayal on the platform he initiated has been … Read More “Steve Bannon: A Revolutionary Journey into Bitcoin” »

The Lightning Network: Redefining Bitcoin Transactions

Posted on By AltCoinix
The Lightning Network: Redefining Bitcoin Transactions
Cryptocurrency
“Your proposal seems unlikely to scale to the necessary magnitude,” noted Satashi Nakamoto, James A. Donald. A decade later, that criticism remains relevant. Even those most passionate about Bitcoin acknowledge its inefficacy for routine, modest purchases. However, the Lightning Network, a significant project aimed at enhancing Bitcoin’s scalability, might alter this perception. Lightning Labs CEO … Read More “The Lightning Network: Redefining Bitcoin Transactions” »

Has the Bitcoin Frenzy Come to an End?

Posted on By AltCoinix
Has the Bitcoin Frenzy Come to an End?
Cryptocurrency
Ostensibly, Tether—a cryptocurrency claimed to be anchored to the US dollar—was instrumental in disguising bitcoin acquisitions, artificially elevating market prices absent any discernible catalysts. In essence, the opaqueness in the market enabled unscrupulous players to fabricate information about tether-backed bitcoin acquisitions, which they had privileged access to, unseen by the wider investor community. Professor Griffin’s … Read More “Has the Bitcoin Frenzy Come to an End?” »