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Understanding the Lightning Network, Part 1: Building a Bidirectional Bitcoin Payment Channel

The Lightning Network is probably the most highly anticipated technological innovation to be deployed on top of Bitcoin. The payment layer, first proposed by Joseph Poon and Tadge Dryja about a year ago, promises to support a virtually unlimited number of off-chain transactions among users, at nearly no cost – while leveraging the security offered by Bitcoin.

Antpool Will Not Run SegWit Without Bitcoin Block Size Increase Hard Fork

Although there has been some serious, public drama over scaling in the Bitcoin community for over a year, it appears that the community is...

Bitcoin Reaches a Crossroads With the Scaling Debate, Not a Crisis

Judging from various reports in the media over the past year, Bitcoin is in a serious crisis that threatens its very existence. Longtime Bitcoin...

Supporters of 2 MB Bitcoin Blocks Unable to Convince Miners to Hard Fork in Beijing Meeting

Updated at 6:51pm EST: Bitcoin angel investor Roger Ver contacted Bitcoin Magazine about the Beijing meeting but declined to go into any detail about what took place....

Blockstream’s Johnny Dilley: We’ll Eventually Have an Adaptive Block Size Solution

The Crypto Show recently interviewedJohnny Dilley, who runs strategy at Blockstream. Dilley shared his views on the future of Bitcoin’s block size limit, and...

Bitcoin Core 0.12.1 Released, Major Step Forward for Scalability

Bitcoin Core 0.12.1 was released early this morning and the update includes several changes that have huge implications for Bitcoin scalability. The release deploys the first...

Peter Todd Worried About Those Willing to ‘Fork Bitcoin at All Costs’

Bitcoin Core contributor Peter Todd recently discussed a variety of topics on The Crypto Show. Todd was asked if he is still worried about the...

Why the Great Firewall of China Is Causing Serious Issues for Bitcoin Miners

What’s wrong with increasing the block size limit? This is the question that a portion of the Bitcoin community has been asking almost nonstop...

MIT Media Lab Director Joi Ito Speaks Up on Bitcoin Technical Development Environment

A recent MIT Technology Review article covered by Bitcoin Magazine, titled “Technical Roadblock Might Shatter Bitcoin Dreams,” asks whether the Bitcoin network could be...

Technical Roadblock Ahead? New Research Paper Warns of Future Bitcoin Network Scaling Concerns

MIT Technology Review is weighing in again on the issue of Bitcoin scalability with an article titled “Technical Roadblock Might Shatter Bitcoin Dreams.” The...
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