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If first generation companies were focused on the infrastructure aspects of the crypto-currency (generating or mining actual Bitcoin currency and providing an exchange for it), the next wave will be about making the math-based money simple for non-hackers to use, says Boost VC founder...
The squat is filling up. A group of young men are sitting in a circle avidly discussing something. They include the bald-headed man I'd met outside, who turns out to be a university lecturer. Others are bankers dressed in suits chatting to hooded hackers and the documentary filmmaker....
For all the Bitcoin hype, it's not hard to see that there's a big problem in how bitcoins are actually used. That comes from Bitcoin being both a currency and a commodity in its current guise. Its rise in value has been the thing to make it famous, but that's also the thing that has u...
When is a cashless society coming? Do we have it on the horizon? It's so funny, that's such a European dream. This is the kind of thing I'll be talking about when I come out [to Wired Money]. Money has changed so much in the last few years, you've got cards pegged to the pound, and yo...
One of those is Mt Gox, the largest Bitcoin exchange, with Moore and Christin stating that at its peak it handles more than 40,000 Bitcoin transactions a day, compared to a mean average of 1,716. It has been the victim of a huge number of distributed denial-of-service (DDoS) attacks o...
Octopus Erik Charlton / CC BY 2.0 A team of researchers has mapped the movements of cargo ships around the world to work out where invasive marine species may attack. In Ecology Letters, the team describes how animals are sucked into ballast water on ships and then expelled in other p...
Bitcoin records every single transaction on its network in a public record called the blockchain. A new one is generated roughly every ten minutes and shared throughout the network. The determining factor in whether the blockchain is the real one or should be discarded as a fake is wh...
For Bitcoin miners, the name of the game is cryptography. And the lottery ticket is a hash -- a number that represents a big bunch of data and is created via cryptographic algorithms. If one miner -- or a group of miners -- can take the transactions on the Bitcoin network and convert ...
