Bitcoin News Summary – May 18, 2020


As you most likely heard, the Bitcoin halving occurred on Monday. F2Pool mined the final block earlier than the reward was halved; block quantity 629,999. F2Pool additionally embedded a message into the block referencing a newspaper headline, just like the one Satoshi embedded in Bitcoin’s first-ever block.

Main US funding financial institution, JP Morgan Chase, is providing banking companies to each Gemini and Coinbase crypto exchanges. The information shocked many, provided that the financial institution’s CEO, Jamie Dimon, made public statements in 2017 claiming Bitcoin to be “a fraud that may blow up,” and “solely match to be used by drug sellers, murderers, and other people dwelling in North Korea.”

The Reddit hyperlink-sharing and dialogue platform, with an estimated 330 million customers, is set to launch its personal crypto tokens. Customers will earn tokens, often known as Neighborhood Factors, for interacting with the location. These tokens will enable customers to purchase entry to sure website options and features. The CP token will run on the Ethereum community. Whereas incentivizing engagement utilizing crypto is definitely not a brand new thought, Reddit’s large attain will serve to introduce many new customers to cryptocurrency.

The corporate behind the favored encrypted messaging app Telegram introduced that will probably be ceasing all energetic involvement with the TON blockchain. This got here after a chronic battle with the US Securities and Alternate Fee that sought to halt it as an unregistered securities sale.

Earlier than we conclude, this week’s “Bitcoin fast query” is what’s the incentive for working a Bitcoin node?

A Bitcoin node is a time period for a pc that holds an entire copy of the Bitcoin blockchain. Which means it has data of each Bitcoin transaction ever made. The extra nodes working all over the world the tougher it’s to close down Bitcoin. Consider it this manner – to be able to really destroy Bitcoin you might want to destroy all data of all transactions ever made, so extra nodes means a extra sturdy Bitcoin community.

Nonetheless, there’s no financial incentive to working a Bitcoin node. Not like Bitcoin mining, in the event you run a node your solely incentive is to ensure you’re not counting on any third social gathering to make use of the Bitcoin community and in doing so that you’re contributing to the community’s power.

Right this moment there are almost 8400 nodes unfold out all over the world. If you wish to see precisely the place they’re, check out the hyperlink within the description under.

Have a query you need us to reply? Simply go away it within the remark part under. And if you wish to help our movies, think about using the Courageous browser for sooner, advert free shopping that may additionally earn you rewards. Simply go to the hyperlink within the description under.

That’s what’s occurred this week in Bitcoin. See you subsequent week.

Source link Coin Telegraphs


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