News on Bitcoin Technology
A new online gaming platform developed on Bitcoin’s Lighting Network, by Koala Studio has been launched this week. Koala Studio team then explained, “We believe that the Bitcoin Lightning Network drastically reduces barriers of entry for gamers and game developers looking for a permissionless payment network that supports instant, low-cost micro-transactions,”
A data has been revealed by Google Search for 2018 that people have searched for ‘Bitcoin’ 10 times more as compare to research on ‘Blockchain’ and ‘Cryptocurrency’. The popularity is measured on a scale of 0-100. Countries such as Singapore, Slovenia, Australia, shows a high interest in cryptocurrency search.
A blockchain startup Lite.IM has shared its vision to introduce the Bitcoin functionality to the social messaging app such as Telegram, Facebook Messenger and even SMS. The announcement has been made by Lite.IM in its official social media that it is creating its own cryptocurrency as an effort in accelerating the cryptocurrency adoption globally.
Blockstream, a Blockchain technology company on Monday announced its satellite service is now available for users in the Asia-Pacific region. Users can now send Bitcoin transactions through outer space with support for lightning network transactions. Its CEO Adam Back said the service was aimed at individuals with limited internet access or who otherwise face issues accessing bitcoin.
An agreement has been signed by the government of Paraguay and the Blockchain Technology Foundation “Commons Foundation” to build the world’s largest mining farm. The Chairman of the Commons Foundation stated, “More than 80 percent of its electricity is exported overseas. We will build the world’s largest mining center in Paraguay using low-cost and abundant clean energy.”
Armenia has recently launched a new cryptocurrency mining facility that is worthy of $50 million on October 18th. The Multi Group Concern has partnered with the Omnia Tech International Company in launching the mining farm. The new mining farm will be used for extracting cryptocurrency such as bitcoin and Ethereum by using 3,000 machines.
Bitfarms Technologies, a blockchain mining firm, has affirmed the launch of custom-built Bitcoin mining pool, ‘Bitfarms Pool.’ The company has officially launched the Bitfarms Pool. The users joining the pool before the mid of November holding five terahash would get a lifetime 0% fee on both PPS block rewards and on block transaction fees.
The Blockstream has declared the launch of sidechain for Bitcoin blockchain called the Liquid. The developers and the investors would be able to able to develop new crypto tokens without issues through the sidechain. It would also support private transactions on the network with a tool called Confidential Transactions (CT) targeting privacy.
The Agro, a crypto mining service provider, has declared the launch of Bitcoin on its platform. The company has observed a strong demand for Bitcoin among the customers. The users would be able to mine Bitcoin from the 1st of November. Presently, the platform supports mining of cryptos such as Bitcoin Gold, Ethereum, Ethereum Classic, Zcash, Komodo and Horizen.
The Squire Mining Ltd has affirmed Samsung as the manufacturer for its ASIC bitcoin mining chips. The Gaonchips company would be responsible for the crypto mining chipset. The Squire Mining company would be coming up with the ‘next generation’ 10nm ASIC chips. The company also has planned for the development of second generation ASIC chip.
