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A Simple Guide to Blockchain Forks

As the adoption of blockchain grows, so does the need to understand the lexicon around it. A fork is a common blockchain technical term used specifically in the ongoing scaling debate, yet it causes a lot of confusion, particularly for those new to the technology.

Knowing what it means puts you in a better position to follow discourses at Bitcoin events and in online forums.

Bitcoin Benefits from Australia’s Push to be Global FinTech Hub

UK as the innovation and FinTech nation

Starting 1 July 2017, Bitcoin use in Australia will no longer result in double taxation. The government announced the change in its 2017-18 budget report. The change comes under the $1.1 billion National Innovation and Science Agenda (NISA), designed to make Australia attractive to financial technology enterprise. From the report:

“The Government is committed to establishing Australia as a leading global financial technology (FinTech) hub and is announcing a new package that aims to position our local FinTech industry as a world leader.”

Gig Economy: Could Blockchain Empower Workers?

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The global economy has relied on permanent employment as the main source of labor since the industrial revolution of the 19th century. Silicon Valley is changing that through short-term contracting or freelancing platforms such as Uber, Lyft, Upwork and Airbnb. In October 2016, Forbes reported:

Freelancers now make up 35% of U.S. workers and collectively earned $1 trillion in the past year.

Cryptolockers, the latest and greatest threat to you and your business

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What is a Cryptolocker?

A Cryptolocker is a high-level computer virus, usually circulated in the form of an attachment, disguised to look like an Auspost email notification or invoice such as an energy bill. Opening or downloading the attachment will lead to you having all your data encrypted and leaving you 3 days to pay a ransom or suffer complete loss of all your files.

Blockchain Could Stop Third Most Lucrative Organized Crime

Blockchain Could Stop Third Most Lucrative Organized Crime

While some media like to focus on Bitcoin’s connection with dark markets, the technology could actually make legal markets more secure. For example, it could protect the art market from the world’s third most lucrative crime—art forgery.

Why Have Bitcoin Micro-Tipping Platforms Failed?

Eight months after ChangeTip launched, Emin Gün Sirer wished it dead. He also asked us all to celebrate its demise when it happened.

Sirer is an IT security expert, commentator and professor at Cornell University. In a blog post titled “ChangeTip Must Die” published in December 2014, Sirer stated that the death of ChangeTip was not only eminent but also desirable. He wrote:

How to Decide What Size Bitcoin Transaction Fee to Attach

The choice to attach a small fee for miners every time you send bitcoins is slowly going from voluntary to mandatory. Miners are already taking longer to confirm transactions that lack sufficient fees.

SegWit Goes Beyond Scaling Bitcoin

FreeImages.com/Leszek Soltys

Segregated Witness (SegWit) does more than condense transaction data that goes into the Bitcoin block. Marek “Slush” Palatinus, architect of the hardware wallet Trezor, pointed this out when he said:

“Segregated Witness is not just about scaling. There are other issues with Bitcoin under the hood, and SegWit opens potential for applications and use-cases that are not possible today. For those who think only bigger blocks will save Bitcoin’s exchange rate this is important to understand.

Four Lessons to Learn From the Ethereum Hard Fork

Someone exploited a code loophole on the Decentralized Anonymous Organization (DAO) and hijacked close to $50 million. It took an Ethereum hard fork to claim back the funds.

Public and Private Blockchains: There is A Place For Both

Everyone is building a blockchain solution.

Ok, not actually everyone. But many have fallen in love with the Bitcoin code; some are copying it, and others are building on top of it.

The first copycats of the blockchain resulted in basically complete clones of Bitcoin. That’s how altcoins like Litecoin, Dogecoin and Namecoin came into existence.

A lot has happened since.