Litecoin Electrum Beta Testing

Electrum is arguably the most well known Hierarchical Deterministic (HD) wallet, fully implementing BIP0032. An HD wallet generates all Bitcoin addresses using a specific algorithm from a single seed. A seed is the starting point and can be anything. Further, as Electrum is a ‘Type 2’ HD wallet, the seed from which all key pairs…

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The US Congress Examines Bitcoin

The Bitcoin economy will be drastically different a year from now, as it is much different today than it was a year ago. Washington will have a huge effect on what direction the Bitcoin markets move, as Congress and regulators shape the rules Bitcoin stakeholders must adhere to. Additionally, the U.S. is the global financial…

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PS3 Bitcoin mining: does it really work?

The question was launched back in 2011, when generating Bitcoins was still considered “easy”. Can one really mine Bitcoins with a Playstation 3? Well, you could technically do it, but it’s just not worth the hassle anymore. The debate started on the Bitcointalk.org forum when the user ‘jkminkov’ wrote the following words two years ago: “just…

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