Joshua is a writer and Bitcoin enthusiast. His intellectual interests include geopolitics, philosophy and history. When not writing he enjoys travel and watching basketball.
The growth of Bitcoin's Lightning network has exploded in recent weeks. Several key metrics used to measure the network size and connectivity have reached all-time highs.
Among them: the public node count which, after reaching 10,000 only in April, has since surpassed the 25,000 mark, according to data from 1ML.
Meanwhile, the network's capacity (the total amount of bitcoin on the network) has reached over 2,300 bitcoin at the time of writing. That is a 21% increase in the last month and a 35%
With its latest project, Bitcoin infrastructure company Blockstream seeks to increase the financial viability of renewable energy investments and improve energy production efficiency worldwide.
Dubbed Blockstream Energy, the project involves so-called modular mining units (MMUs), essentially small self-contained bitcoin mining facilities built into large containers that can be used as a remotely operated plug-and-play mining solution. With the MMUs, Blockstream aims to allow power producers to
First Deputy Governor of the Bank of Russia Sergey Shvetsov likened buying bitcoin to "entering a minefield" in an interview released on the Central Bank's official website Wednesday.
Shvetsov went on to describe alternative financial instruments such as Bitcoin as "technological financial pyramids," adding that there is "no need to walk where you are not protected by the Russian federation." This is despite recent polls suggesting that Russian's trust in government institutions is waning.
Th
A member of Tonga’s parliament has expressed interest in helping connect the tiny Polynesian nation to Blockstream’s Bitcoin satellite network.
Lord Fusitu’a Tweeted Friday that he had received a satellite kit from Blockstream CSO Samson Mow and was looking forward to setting it up, adding that it had “massive technological potential for remote islands” such as Tonga.
Blockstream’s satellites broadcast the Bitcoin network 24/7 across a large portion of the globe. This reduces Bitcoin’s depe
A transaction on the Lightning Network produces less carbon emissions than posting on social media or even breathing for a few hours, according to Bitcoin exchange CoinCorner’s latest research.
Citing public data from the U.K. Parliament, U.S. Energy Information Administration and Our World In Data, the article lays out the calculations in a transparent and methodical manner.
The research authors, including CoinCorner CEO Danny Scott, agree with many in the Bitcoin community that judging Bit
Long-awaited by some members of the Bitcoin space, Elon Musk joined Twitter CEO Jack Dorsey and Ark Invest CEO Cathie Wood on Wednesday for "the talk" at Square's Bitcoin conference 'The B Word.'
The Tesla and SpaceX CEO's discussion with Dorsey and Wood was the headline event of the conference whose stated aim is to "demystify and destigmatize mainstream narratives about Bitcoin, explain how institutions can embrace it, and raise awareness around areas of the network that need support."
Alth
Illiquidity could place a “significant limitation" on Bitcoin's use as a medium of exchange in El Salvador, according to analysts from J.P. Morgan.
The banking behemoth's report was released last Thursday and reported on by Bloomberg on Sunday. It references El Salvador's Bitcoin legal tender law, which goes into effect in September.
The report notes that a "large portion of Bitcoin is locked up in illiquid entities" and daily transactions in El Salvador could equal 1% of the total value trans
Bitcoin miner HIVE Blockchain Technologies has added 3,019 new MicroBT WhatsMiner M30S machines to its fleet. The new additions will boost HIVE's hash rate by around 46%, the company said in an announcement on Monday.
The high-performance machines have an aggregate hash rate of 264 petahashes per second (PH/s). When added to Hive’s 566 PH/s that were already online, the company is now estimated to have a total operating hash rate of 830 PH/s.
HIVE estimates that at Bitcoin’s current price and
