Cryptolinks Cryptocurrency News Blog
Fractional Reserve Bitcoining
By:
Nate Urbas
12 September 2019
Scaling solutions, banking in bitcoin, and institutions “Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the blockchain. There needs to be a secondary level of payment systems which is lighter weight and more efficient.” Hal Finney Bitcointalk Forum December 30th, 2010 Key Takeaways: An old idea of institutions reserving bitcoin has been reignited after analyst Nic Carter published a detailed blog post which covers some of...
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The State of Privacy in Cryptocurrency
By:
Nate Urbas
3 September 2019
Fungibility is an important prerequisite for money. While Bitcoin is the most widely adopted blockchain network, it has issues with fungibility and privacy - something that prevents it from being adopted as money. Pretty much all other cryptocurrencies also possess this weakness. Aspects of Privacy in a Cryptocurrency Privacy can relate to several things when talking about cryptocurrencies. The first aspect relates to your identity. Identities Most cryptocurrencies are pseudonymous, meaning that they are not totally...
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Will Concentration of Wealth Hold Bitcoin Back?
By:
Nate Urbas
26 August 2019
It’s been debated in economics for decades; does wealth inequality matter?, How is inequality best addressed? Now the debate comes to crypto, with enthusiasts questioning whether a fair distribution is possible or even desirable in the Bitcoin ecosystem. Is Bitcoin Wealth Too Concentrated? The wealth distribution is highly uneven in the world today and has been rising over the course of the 20th century, as outlined in Thomas Pikkety’s famous book Capital in the 21st Century. Recent research...
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How Blockchain Technology is Paying Off for Content Creators
By:
Nate Urbas
17 August 2019
As the journey of Bitcoin has illustrated, blockchain technology has the potential to radically revolutionize finance. But the technology underlying Bitcoin is also primed to disrupt other industries, including art, music and other creative sectors. Earning cryptocurrency through writing, artwork or any other creative endeavors is becoming more and more of a possibility. As YouTube and other social networks have de-platformed some individuals, content creators are becoming more aware of the need for censorship resistance and fairer monetization; and...
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Decred’s Ambitious Vision for a Truly Decentralized Exchange
By:
Nate Urbas
10 August 2019
Decred, an open source cryptocurrency project that launched in 2016, released the first specification of its decentralized exchange (DEX) on July 31st through GitHub. Inspired by Bitcoin, Decred (DCR) uses a hybrid Proof of Work/Proof of Stake consensus mechanism and is one of the most popular altcoins. Decred have been working on a DEX since June 2018 and will feature on-chain atomic swaps, a technology the decentralized project has improved upon in recent times. What are the Issues...
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BetterHash: Enhancing the Decentralization of Bitcoin Mining
By:
Nate Urbas
3 August 2019
Since Bitcoin’s introduction in 2019, it has shown the world that a decentralized currency is possible and has developed into the leading crypto-network that is undoubtedly the most resistant and secure that exists. However, Bitcoin is far from perfect and needs many improvements to become truly decentralized. For instance, the mining part of Bitcoin’s ecosystem is seen by many as a centralizing force and hence problematic if not addressed. One undesirable feature of Bitcoin mining in its current...
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Trump’s Remarks on Bitcoin Sparks a Crypto Debate Amongst Politicians
By:
Nate Urbas
24 July 2019
Donald Trump has become the first sitting US President to mention Bitcoin by name, an amazing feat given that the “magical, internet money” is just over ten years old, sparking a cryptocurrency debate amongst American politicians. President Trump is “Not a Fan of Bitcoin” While the US President’s remarks were negative, as the saying goes any publicity is good publicity. Trump wrote on Twitter, “I am not a fan of Bitcoin and other cryptocurrencies, which are not...
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Highlights from the Bitcoin 2019 and Monero Konferenco Events
By:
Nate Urbas
15 July 2019
The month of June 2019 saw two major events in the cryptocurrency space, Bitcoin 2019 and the Monero Konferenco, which looked at the major developments and future outlook for Bitcoin and Monero respectively. In this article, we outline some of the most important takeaways from these two events. Bitcoin 2019 Bitcoin 2019 took place over June 25-26 in San Francisco and was hosted by the popular crypto publication Bitcoin Magazine. Inspired by the early conferences in 2013 and...
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A Good Start to Q3 as Bitcoin Price Regains the $10,000 Handle
By:
Nate Urbas
6 July 2019
The price of bitcoin has cleared the $10,000 level once more, but where next? After reaching a high near $14,000 on June 26th, the price of bitcoin then dropped sharply below the $10,000 psychological level to a low near $9600 just six days later. Now that bitcoin has regained the critical $10,000 level, we look at the contributing factors behind the recent rally and the outlook for bitcoin’s price in Q3 and Q4 2019. What are the...
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Facebook Touts Libra as a Cryptocurrency, But is it Really a Competitor to Bitcoin?
By:
Nate Urbas
27 June 2019
On June 18, 2019 Facebook Inc. announced its own digital currency, called Libra. The announcement comes after months of speculation that one of the big tech firms would make a big move into cryptocurrency and the blockchain sector. Due to launch in 2020, Facebook touts Libra as a cryptocurrency and as an alternative to bitcoin. We look under the hood to see how the Libra digital currency works, why Libra is so controversial and whether it is a...
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