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Bloq Acquires Skry, Supercharges Blockchain Analytics With AI and Machine Learning

Bloq, a provider of blockchain technology solutions for global enterprises, announced that it has acquired Skry (formerly Coinalytics), a pioneer in blockchain analytics, to...

Danish Police Can Now Catch Criminals Who Used Bitcoin

Bitcoin was never really anonymous, and it seems the Danish police have caught on to that fact. According to reports by Danish newspaper Berlingske,...

The Russian University That Wants to Take Blockchain Research Global

P.G. Demidov Yaroslavl State University held its first Blockchain Conference this month. Experts and representatives of business, industry and government and of university and...

Blockchain Capital Lures Bitcoin Analyst Away from Wall Street Firm

Blockchain Capital, one of the most prolific investment companies in the Bitcoin and blockchain ecosystem, has hired Spencer Bogart to take over as managing...

Op Ed: The Fourth Industrial Revolution: Blockchain Tech and the Integration of Trust

In the very beginning, blockchain technology was thought to be the next generation of fintech infrastructure. The characteristics, including its inherent distributed nature, trustless...

Blockchain Association of Canada: A New Vision Beyond Bitcoin

Interest in blockchain technologies in Canada is growing rapidly as new fintech startups and blockchain ventures are launched and governments indicate they are interested...

European Securities and Markets Authority Urges Caution With Blockchain Tech

Distributed ledger technology (DLT) and blockchains have caught the attention of many sectors, particularly the finance industry, due to their potential to improve monetary...

Op Ed: Why Ethereum’s Hard Fork Will Cause Problems in the Coming Year

After the embarrassing failure of the DAO in 2016, the Ethereum Foundation moved quickly to address the problem by implementing a hard fork. On...

Why Bitcoin Unlimited’s “Emergent Consensus” Is a Gamble

The central idea behind Bitcoin Unlimited — specified in “Bitcoin Unlimited Improvement Proposal 001” (BUIP001) — is to hand control of Bitcoin’s block size limit to users and miners. Or perhaps, more accurately, to make this control more explicit and easier to handle. Instead, Bitcoin Unlimited relies on a philosophy often referred to as “Emergent Consensus.”

How Bitcoin Unlimited Users May End Up on Different Blockchains

The central idea behind Bitcoin Unlimited — specified in “Bitcoin Unlimited Improvement Proposal 001” (BUIP001) — is to hand control of Bitcoin’s block size limit to users and miners. Or perhaps, more accurately, to make this control more explicit and easier to handle. However, this control does come at the expense of Bitcoin’s strong and automated consensus mechanism. With BUIP001, there is a number of scenarios in which different users end up on different chains — either temporarily or permanently.
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