The world last week was treated to another episode in the saga of discovering the real identify of the person behind the creation of bitcoin. Australian Craig Wright announced to journalists and bitcoin “experts” that he was indeed Satoshi Nakamoto
Browsing: Bitcoin
Australian Craig S Wright has stepped forward to claim that he is indeed the elusive creator of bitcoin, Satoshi Nakamoto. Furthermore, he claims to have “proof” of the claim that he has
Imagine being told that your salary was going to be cut in half. Well, that’s what’s soon going to happen to those who make money from bitcoin mining, the process of earning the online currency Bitcoin. The current expected date for this
Bitcoin bounty hunters could help stem the tide of movies leaking online illegally if a South African start-up has its way. Stellenbosch-based Custos Media Technologies says it’s common for the film industry to send out pre-release digital copies of movies to recipients such as reviewers or
Bitcoin relies on the participation of people and organisations to act as the “bankers” of the system. Called bitcoin miners, they effectively record each transaction on a ledger called the blockchain and in return, they are awarded with bitcoins. The process of mining
While blockchain technology is certainly worth investigating, chief information officers should not be fooled into thinking it is the panacea for all the potential use cases currently under discussion. It’s advisable to apply a healthy dose of scepticism
Last week, bitcoin stumbled into the most serious crisis in its history. A long anticipated ceiling on transaction volumes was reached. Transactions, which usually take less than 10 minutes to clear
Digital cryptocurrency Bitcoin faces a key year ahead that could seal the fate of its long-term adoption, says South African-born Silicon Valley entrepreneur Vinny Lingham. Lingham first integrated Bitcoin payments into his US-based digital gift
Ever since computers were first introduced into the retail banking system in the late 1950s, there has been the vision of a future world where cash is obsolete. The near death of personal cheques, increase in debit and credit card use, and innovations such as PayPal
Digital cryptocurrencies like bitcoin may have failed to unseat their more traditional rivals, but the technology that underpins bitcoin may yet bring about a revolution in finance and other industries. This technology is called the “blockhain”. The blockchain acts as a public