Welcome to the new look The Week In Bitcoin. After a few months off (and a platform change) we’re back and ready to roll.
Since the last issue, a lot has happened in the world of Bitcoin and blockchain tech - the DAO ‘hack’, the Ethereum fork/bailout and more corporates joining the 'block party’.
Also, many things have stayed the same - like Bitcoin’s blocksize.
Although, I’d love to dig into all the above topics in more detail I’m going to keep this week’s comments brief.
For this issue, I’ve curated the best pieces on the DAO hack, Ethereum’s long and painful hard fork, the current state of Bitcoin and corporate entries into the land of chains. It’s worth noting that some of the articles are a little on the older side - but I think they’re still relevant in the context of issues they cover.
Ps. If you like what I’m doing here please feel free to share it on your favourite social media network. Here are some links I prepared earlier - Facebook, Twitter , LinkedIn. Also, it’d be great if you forwarded this newsletter to a friend you think might enjoy it.
R3 tackles trade financing challenges with distributed ledger technology using their Corda platform. The platform facilitates invoice financing and letter of credit
transactions. It is currently in trials with over 15 banks.
In this position paper, we consider some foundational topics regarding smart contracts (such as terminology, automation, enforceability, and semantics) and define a smart contract as an agreement whose execution is both automatable and enforceable.
With segwit getting close to its initial testnet release in Bitcoin Core v0.13.0 - expected to be followed soon by a mainnet release in Bitcoin Core v0.13.1 - I thought it’d be a good idea to go over work being done on a potential hard-fork to follow it, should the Bitcoin community decide to accept the segwit proposal.
Bitcoin mining nodes and full nodes incur costs for the resources used to support the bitcoin network and the blockchain. As the scale of bitcoin increases, so does the cost of resources (CPU, network bandwidth, disk space, memory).
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