Adam Back

Adam Back and Austin Hill announced on Let’s Talk Bitcoin their newest project: “sidechains”. The idea, they described, would allow for the existence of alternative blockchains, perhaps with different rules allowing various kinds of additional features or transaction types, but with a currency unit whose value is pegged to that of the bitcoin.

Cointerra, the Austin, Texas based ASIC Bitcoin mining hardware firm has announced its completion of the design of the new “Goldstrike1” mining processor. The...