1 / 2 Relevant items tagged with #BitcoinNetwork
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Bitcoin hashrate hits all-time high, boosting network security
[Oct 21 8:51 AM] The increasing Bitcoin hashrate and block reward reduction from the Bitcoin halving may lead to miner consolidation among smaller firms.
Bitcoin Hashrate Inches Closer to Record as Difficulty Rise Looms
[Oct 7 6:30 PM] Bitcoin’s hashrate has been climbing steadily, closing in on its peak of 693 exahash per second (EH/s) recorded on Sept. 8. At present, it’s cruising just shy of that record, clocking in at 680 EH/s. Block times have been quicker than the typical…
September Slump: Bitcoin Miners See 2024’s Lowest Revenue
[Oct 1 5:45 PM] According to the latest data, bitcoin miners pulled in $815.7 million from rewards and fees in September, marking their lowest earnings month of 2024, with $35.66 million less than August’s haul. Bitcoin Miners Earn $815.7M in September…
Bitcoin Core dev receives grant for maintaining BIP repository
[Sep 26 1:32 PM] Developer Jon Atack believes that Bitcoin plays a role in human freedom, decentralization of power, privacy and self-sovereignty.
Velar’s new Bitcoin DEX offers yield and liquidity for BTC holders
[Sep 16 2:00 PM] The Bitcoin trading protocol aims to unlock more Bitcoin liquidity and yield-generating capabilities for BTC holders.
Compass Mining Energizes 3,000 Bitcoin Mining Rigs at Iowa Facility
[Sep 9 7:30 PM] Compass Mining has powered up 3,000 bitcoin mining machines at its newly partnered hosting facility in Iowa. The company also plans to install 1,000 more machines in September. Compass Mining Scales Iowa Facility The bitcoin mining operator Compass…
Bitcoin’s Hashrate Reaches 692 EH/s, Nearing 700 EH/s Milestone
[Sep 8 5:05 PM] After breaking the July 25, 2024 record on Saturday, Sept. 7, Bitcoin’s hashrate has kept climbing, now reaching an impressive 692.28 exahash per second (EH/s) on Sept. 8, which is more than 13 EH/s above the previous level. Bitcoin Smashes…
Bitcoin Hashrate Hits Record High as Prices Drop Below $55K
[Sep 7 5:50 PM] As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average (SMA) for Bitcoin’s total hashrate…
Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14
Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups
[Aug 4 1:04 PM] The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability.
ZK Rollups: A Foundational Technology, Not Just a Fleeting Trend, According to Quicknode VP
[Jul 27 10:25 PM] According to Josh Neuroth, the Vice President of Product at Quicknode, Layer-2 (L2) scaling solutions known as zero-knowledge (ZK) rollups can potentially solve the most pressing issues in blockchain technology. Hence, the buzz around them is…
StarkWare verifies first zero-knowledge proof on Bitcoin
[Jul 17 11:00 AM] StarkWare’s milestone opens the door for ZK-based layer-2 solutions, enhancing Bitcoin’s scalability and global payment capabilities.
Bitcoin Network Adapting Despite Experiencing Growing Pains, Says Early BTC Investor
[Jun 23 4:30 AM] Although Bitcoin-based decentralized applications (dapps) have been known to replicate or copy Ethereum dApps, Jeff Yin, founder of Merlin Chain, believes there is a growing impetus to build bitcoin dapps that are distinguishable from ether-based…
Fidelity’s Director of Global Macro Sees Bitcoin as ‘Exponential Gold’ on Store of Value Team
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
[Jun 9 11:27 AM] Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in…
Study: SRC20 Protocol’s ‘Unmatched Data Permanence’ Makes It a Superior Choice Over BRC20 and Runes
[May 26 10:32 PM] Although it may be undervalued at present, the SRC20 protocol distinguishes itself among protocols operating on the Bitcoin network due to its unmatched data permanence, a new report has claimed. The study also found that the protocol’s impending…
Bitcoin Network Fundamentals Could Sustain $265,000 Price, CryptoQuant CEO Explains
[May 8 8:00 PM] The CEO of analytics firm CryptoQuant has explained how the Bitcoin network fundamentals could support a market cap three times the current size. Bitcoin Hashrate/Market Cap Ratio Could Reveal Ceiling For Cycle In a new post on X, CryptoQuant…
Runes and BRC-20s are just a stepping stone for Bitcoin DeFi
[May 6 7:35 AM] Bitcoin is becoming a yield-generating asset, thanks to new token standards like Runes, which may only be a stepping stone for Bitcoin DeFi.
Bitcoin Runes reclaim dominance over BTC transactions
[May 6 4:49 AM] Runes recovered to account for the lion’s share of transactions on the Bitcoin network.
The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens
[Apr 21 7:15 AM] While the BRC20 token economy’s market valuation surpasses $2.8 billion, according to one leading market cap aggregation website, tokens derived from the Runes protocol are beginning to experience price discovery following the launch of the…
Runes Proliferate on Bitcoin, Sparking New Token Sales on Specific Markets
[Apr 20 8:39 AM] In the 12 hours following the introduction of the Runes protocol, bitcoin miners have collected substantial fees as the rush to mint runes now dominates block space. Presently, numerous runes exist on the Bitcoin blockchain, with several being…
Runes Protocol to Debut Alongside Bitcoin Halving, Could Boost BTC Ecosystem
[Apr 16 1:31 AM] As the halving is set to occur between April 19-20, 2024, a substantial number of crypto enthusiasts are eagerly preparing for the Runes protocol. The concept of Runes was developed by the creator of Ordinals, Casey Rodarmor, and has been met with…
Bitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws Closer
[Apr 11 7:43 AM] Bitcoin’s network difficulty climbed to an unprecedented peak on April 10, 2024, at block height 838,656, increasing by 3.92% to reach 86.39 trillion. This escalation in difficulty will make it increasingly challenging to mine blocks as the…
Velar Launches Dharma AMM to Propel Bitcoin Into the Decentralized Finance Spotlight
[Mar 19 11:10 AM] On Tuesday, the bitcoin liquidity protocol Velar unveiled Dharma, an automated market maker (AMM) designed to enhance decentralized finance liquidity within the Bitcoin realm. The inaugural version of Velar’s Dharma is set to function on the…
Transition from BRC-20 to BRC-420 Tokens Signifies ‘Maturation Within Bitcoin-Based Defi,’ Says Mithil Thakore
Bitcoin’s Hashrate Reaches 618 EH/s, Establishing a New 7-Day SMA Record in 2024
[Mar 11 7:05 AM] Bitcoin’s computing power has reached a new peak, ascending to 618 exahash per second (EH/s) as shown by the seven-day simple moving average. Currently, 56 entities are contributing at least 916.26 megahash per second (MH/s) to the network…
Bitcoin’s Hashrate Hits Record 609 EH/s, Powering Through to New Peaks Amid Price Surge
[Feb 8 4:30 PM] Bitcoin’s computational power soared to unprecedented heights this week, climbing to 609 exahash per second (EH/s) on Thursday, as per the seven-day simple moving average (SMA). Over the last year, figures reveal a staggering increase in…
How To Mint BRC-20 Tokens On The Bitcoin Network
[Feb 4 10:00 AM] BRC-20 tokens open doors for developers to build their own decentralized applications (dApps) with unique economies on the Bitcoin network. This fosters community engagement through internal currencies, and attracting investment through innovative…