Category: Bitcoin

Bitcoin and the Power Used to Mine

Posted: March 12, 2018 By Paul Snow In Bitcoin

Bitcoin mining uses proof of work to make it very expensive to commit fraud, but very cheap to detect fraud. An embedded assumption in such criticism is that traditional credit card transactions and banking transactions present a lower energy cost than “trustless” approaches like Bitcoin, Ethereum, Litecoin, and the other open blockchains. In this paper we will look at these assumptions and show that blockchain technologies may actually be more ecologically friendly and far more secure than traditional banking transactions.

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The Bitcoin Fee Event Cometh

Posted: June 17, 2016 By Tanner Evans In Bitcoin

As Bitcoin enthusiasts, we are excited to see the proliferation of people using bitcoin and blockchains in new and interesting ways, from payments to permanent records to enabling decentralized applications.

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TNABC Miami + Factom Interviews + Koinify Shuts Down

Posted: January 22, 2016 By Tanner Evans In Bitcoin, Blockchain, Factoids, Video

Our Chief Architect, Paul Snow, attended The North American Bitcoin Conference (TNABC) in Miami this week. During his presentation he demonstrated how Factom lends scalable solutions. No matter how much data is entered into Factom, the Bitcoin footprint remains the same. Entities using Factom don’t have to access all of Factom in order to track their info, this translates to a small memory/storage footprint for users.

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Posted: May 21, 2015 By Tanner Evans In Bitcoin, Blockchain

Brazil’s state-run “big-oil” company, Petrobras, was the center stage for the biggest corporate corruption scandal ever put in place in the country’s history.

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