This week another stress test on the Bitcoin network will be run by CoinWallet.
Bitcoin miners saw a significant increase in earnings due to the Runes protocol. On the halving day, miner revenue soared to a record $107 million despite the 50% reduction in block rewards.
The initiative potentially holds the power to unlock a myriad of possibilities by merging the capabilities of blockchain technology with that of AI.
The 800,000th block was mined by an unknown miner at 11:37 GMT on July 23 and contained 1.63 megabytes, with the price of Bitcoin at $29,815.
The Ethereum network is well poised to be the first cryptocurrency network to process US$1 trillion in transactions by the end of 2020.
The last time Bitcoin was this high was in October 2019. Now, marking a new high of $9,700 for 2020, Bitcoin has provoked hot discussions about possible $10,000 in the nearest future.
As we complete 11 years since Block 0 of the Bitcoin network came into existence, here’s a look into what lies ahead for Bitcoin investors in 2020.
Bitcoin descended further from 17th in the September edition to 19th spot in October, according to the Global Public Blockchain Technology Assessment Index, published by the China Electronic Information Industry Development (CCID).
South-Korean blockchain startup Temco plans to launch $19 million ICO fundraising on the Bitcoin blockchain by leveraging the RSK’s technology of sidechains.
The new proposal talks about the effective use of sidechains while making it easy for Bitcoin developers to add new features to the Bitcoin network.
Blockchain tech was built for Bitcoin, but its future is much broader and more interesting than that origin might suggest. It’s already being used in some very creative ways, and as the years go by, it’s sure to find numerous more innovative uses.