Bitcoin
Bitcoin Payment Channels Only Competitive At 1000x Block Size: Ryan X. Charles (The Cointelegraph)
Merchant service BitPay even raised its minimum invoice amount from 4 cents to $1 several months ago as a direct result of the costs incurred sending Bitcoins through the network. Yours concluded that a vast block size increase would be the only solution “if the bitcoin community wishes to be competitive on a transaction fee basis with [...] traditional payment processors and altcoins.
Suddenly, Bitcoin to Be Officially Legal in India (The Cointelegraph)
Finally, something positive for the industry. Authorities are now taking this technology seriously. We have been trying to get their attention for years now. I am glad it's all happening at the right time. At Coinsecure, we are seeing a massive increase in the number of users and volumes. We are positive with what will happen in these coming three months. – Mohit Kalra, CEO of Coinsecure
SegWit2x Is a Go: 80% of Bitcoin Network Signals for Upgrade (Cryptocoin News)
The proposal has even managed to gather support from pro-Bitcoin Unlimited pools such as Bitcoin.com and ViaBTC. Today, BATPOOL and BTCC also started signaling for SegWit2x, meaning the 80% threshold has been hit…
Blockchain
Blockchain Best for Creative Artists Seeking Recognition (The Cointelegraph)
“Creativechain, as its name suggests, bets for a collaborative work between authors by creating creative chains that allow users to interact with others’ works. This way, if a work receives a contribution, all the authors that participated in the chain will be rewarded.”
Illinois Government Sponsors Month-Long Blockchain Hackathon (Coindesk)
The Illinois Blockchain Initiative was unveiled in November as part of a wide-ranging effort among state officials to tap the tech for public-sector applications. The initiative is backed by a number of state agencies, including the Cook County Registry of Deeds, which had previously looked at the concept of time-stamping documents with the bitcoin blockchain.
