Blockstream cryptocurrency
By Marco Cavicchioli - 9 Sep Yesterday, Blockstream announced an official partnership with Macquarie , a financial services giant, to develop and operate carbon neutral Bitcoin mining facilities. Macquarie Group Limited is a multinational investment bank headquartered in Australia, operating in 31 countries and employing over 15, people. Its various services also include asset management, leasing and financing, renewable energy development and capital raising. In fact, Blockstream is one of the largest Bitcoin miners in North America , so this is a very important project in terms of Bitcoin activity outside of China. It is worth noting that Macquarie is also one of the largest institutional investors in renewable energy infrastructure, with a total of 44 Gigawatts of installed power under construction as of March 31,
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Content:
- [Herald Interview] Blockstream CSO urges crypto caution
- How To Run A Bitcoin Node With The Blockstream Satellite
- Bitcoin infrastructure firm Blockstream valued at $3.2 billion in new deal
- El Salvador To Build 1st 'Bitcoin City' From Bitcoin-Backed Bond: All You Need To Know
- The Startup Meant to Reinvent What Bitcoin Can Do
- The Big Story
[Herald Interview] Blockstream CSO urges crypto caution
Strange, interesting, and wildly ambitious things are afoot in the world of Bitcoin and blockchains. I give you Zerocash, a completely anonymous currency; Ethereum, a blockchain platform designed to decentralize much of the Internet; and sidechains , a proposal to accelerate the evolution of Bitcoin itself.
Any one of these could conceivably become a very big deal. All three? Prick up your ears. Some background: Bitcoin, the infamous cryptocurrency, is built on a new kind of distributed-consensus technology called a blockchain , which allows transactions to be securely stored and verified without any centralized authority at all, because to oversimplify they are validated by the entire network.
But Bitcoin remains, by far, the big dog. But the stunning amount of computing power being poured into the Bitcoin network renders it probably effectively immune to such an attack, as per this mindboggling graph from blockchain. The Bitcoin mining network is currently performing some three hundred quadrillion hash computations per second to secure and verify Bitcoin transactions.
Bitcoin is only mildly interesting as a store of value; there are many good alternatives. In fact all transactions actually run as scripts. What are all of the potential applications of fully programmable money? Especially if the capabilities of that scripting language are expanded? But progress is tricky. Now Back is back with a new proposal: sidechains , which would allow Bitcoins and other blockchain assets to be transferred between blockchains. Back and co.
Their exact business remains mysterious, but is built around sidechains. The sidechain code itself will apparently be open-source.
To quote the sidechains white paper PDF :. The creation of independent but essentially similar systems is problematic … the most visible projects may be the least technically sound … discourages technical innovation while at the same time encouraging market games … We desire a world in which interoperable altchains can be easily created and used, but without unnecessarily fragmenting markets and development.
In this paper, we argue that it is possible to simultaneously achieve these seemingly contradictory goals … participants do not need to be as concerned that their holdings are locked in a single experimental altchain, since sidechain coins can be redeemed.
There is also some rather more histrionic criticism. At this point, though, such a change seems to me an inevitability. The two which interest me most are Ethereum and Zerocash. Bitcoin is not anonymous. Zerocash , authored by a group of cryptographic academics , is a blockchain protocol wherein senders, receivers, and amounts are all kept entirely anonymous. In a world where privacy is withering away like ice in summer, a little more anonymity would be a welcome development.
Ethereum already supports sidechains, too, out of the box. But also—you could take a Bitcoin sidechain and clone Ethereum on it! Sorry if this all hurts your head. And people trade cold hard US dollars for these? This is snake-oil nonsense! I strongly suspect that the number of such people will begin to grow rather large as we move through the next iterations of blockchain technology. Jon Evans Contributor. Jon Evans is the CTO of the engineering consultancy HappyFunCorp; the award-winning author of six novels, one graphic novel, and a book of travel writing; and TechCrunch's weekend columnist since More posts by this contributor Our grimdark meathook cyberpunk now Living and working in a worsening world.
How To Run A Bitcoin Node With The Blockstream Satellite
Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. These offers do not represent all available deposit, investment, loan or credit products. The funding was raised by two investors: investment management company Baillie Gifford and iFinex, the parent of Hong Kong-based cryptocurrency exchange Bitfinex. Blockstream will use the latest round of funding to build additional infrastructure, with a focus on the Liquid Network and Bitcoin financial products. Blockstream described the Liquid Network as a sidechain-based settlement network that allows for faster, confidential Bitcoin transactions as well as the issuance of digital assets for traders and exchanges.
Bitcoin infrastructure firm Blockstream valued at $3.2 billion in new deal
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El Salvador To Build 1st 'Bitcoin City' From Bitcoin-Backed Bond: All You Need To Know
Blockstream yesterday announced a brace of new Bitcoin mining services, with an eye firmly on network decentralization. The Blockstream Mining product is based around two massive data-centers in Quebec and the U. However, the clients control the devices remotely via a control panel giving real-time analytics. The two data centers account for a combined megawatts of electricity supply. If fully populated with the latest mining ASICs it could provide 7.
The Startup Meant to Reinvent What Bitcoin Can Do
Payment technology company Square and Bitcoin infrastructure firm Blockstream are teaming up to build a solar-powered bitcoin mining facility. This is a move to address the environmental impact of mining for Bitcoin, which has come under intense scrutiny. The facility will be located at an existing Blockstream location in the United States. It will treat it as a world currency and have Bitcoin on their reserves. Jack Mallers announced at the conference that his company, Bitcoin payments company Zap, is working with Bukele to implement a plan.
The Big Story
Some protesters carried anti-bitcoin signs to express their displeasure with his decision to make the cryptocurrency legal tender this summer, a move he felt would strengthen the economy and lessen its dependence on its primary currency, the U. Mining is an energy-intensive procedure that uses computing power to solve complex equations and generate cryptocurrency, a process called proof of work. The country has set up a mining operation near volcanoes, using geothermal energy to power its facilities. They get infrastructure. And he says he believes governments in Canada should get behind the cryptocurrency, too, especially when it comes to mining. Blockstream has been mining bitcoin in Quebec since The province offers relatively cheap renewable energy, but its power utility has placed moratoriums on mining in the past and tightly regulates the industry. According to the Cambridge Bitcoin Electricity Consumption Index, 3 per cent of computing power used for mining is based in Canada, mostly in Quebec.
An article of faith among cryptocurrency enthusiasts is the promise of digital currency to extend banking services to people around the world. As cryptocurrencies gain adherents on Earth, companies and universities are conducting tests to figure out how to perform cryptocurrency transactions in space and share data via satellite. With rooftop satellite base stations, customers can keep tabs on Bitcoin transactions and broadcast their own brief messages.
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