Life Inside a Secret Chinese Bitcoin Mine

In October of last year Motherboard gained access to a massive, secretive Bitcoin mine housed within a repurposed factory in the Liaoning Province in rural northeast China. This is the infrastructure that keeps the digital currency’s decentralized network up and running, and its operators are profiting big time. The mine we visited is just one…

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Bitcoin: The Trust Anchor in a Sea of Blockchains

Bitcoin has a number of properties that give it utility (and thus value)  such as  trustlessness, permissionlessness, transparency, and immutability. When you broaden your perspective of bitcoin from a currency and payment system to that of a secure historical ledger, it becomes clear that these properties, in conjunction with each other, can enable powerful applications.…

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Bitcoin is overhyped, but blockchain has great potential

Bitcoin is important. Over $1 billion has been invested in Bitcoin related startups worldwide, however the focus is shifting to other uses of blockchain, the technology behind Bitcoin. Bockchain technology has serious potential, which includesb enefits such as reducing transaction costs and reducing fraud warrant further research and more experiments. source: Bitcoin is overhyped, but…

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