On August 1, changes to Bitcoin software will go into effect. This is due to a long debate within the bitcoin community about bitcoin scaling – how to support more transactions without further slowing down the network. For more details, please see our related blog posts from earlier this month (July 19 and July 26).[…]

Last week BIP91, the bitcoin upgrade designed to solve the scaling issue, surpassed the needed 80% backing. It was activated Saturday, July 22, after 93% of miners signalled their support. There is a next step: More than 51% of miners must start using the BIP91 protocol by August 1 for it to be fully adopted.[…]

The issue of bitcoin scalability has been a persistent one, and the subject of heated debate, for some time. While bitcoin’s price soared to new heights and users multiplied, the question loomed: How can it be scaled? Let’s look at the basics. Bitcoin uses blockchain technology. A blockchain is essentially a distributed database for an[…]

Entrepreneurs are naturally drawn to Bitcoin. They are original thinkers, typically unconventional and often visionary. They’re perfectly comfortable taking the road less traveled. They may even prefer it. To them, a decentralized, purely digital currency simply makes sense in an increasingly globalized and digitized world. Business owners and entrepreneurs have been among the first to[…]