November 29, 2018

Bitcoin, Crypto & Blockchain: Get Started Workshop

bitcoin, Crypto & Blockchain: Get Started Workshop
Ever wondered what all the hype is around bitcoin and Cryptocurrencies? Heard of it as a good investment opportunity? Ever been interested in making an investment in this new technology? If so, this workshop is for you. How it Will Work: This 2 hour workshop will be split into 2 parts: Part 1: What is cryptocurrency and bitcoin? How does it work? Part 2: How to get set up to buy and trade any crypto. You will also have time to ask questions during the workshop. By the End of the Workshop: You will have a basic understanding of cryptocurrencies, bitcoin and blockchain You will have set up your very own cryptocurrency wallet Extra Perks (included in your ticket price): To start you on your crypto journey, we are going to give you £25 worth of bitcoin so you can start trading or investing straight away! You will have access to this workshop even after it's over! We will be recording the workshop and giving you access to watch it as many times as you want. Crypto cheat sheet: after the workshop you will be given access to our exclusive crypto cheat sheet which will include the best security programs, tips and tricks to help you on your crypto journey. Even better, it is the one we will be updating to make sure it is always relevant to you and developments in cryptocurrency developments. What You Will Need: An interest in learning more about cryptocurrency and bitcoin. Your smart phone/tablet/laptop Internet (like your mobile network)* *if you don't have a lot of mobile data on your plan, we will be providing a hotspot (and going into why we are not, and why you should not use a public WIFI) Event Details: Date: Saturday 15th September 2018 Time: 10am-12pm Location: Manchester City Centre, exact location TBC Disclaimer* We do not provide financial advice. Cryptocurrencies are a volatile market and any decisions you make are completely up to you. If you invest in cryptocurrencies you accept that you are willing and could lose 100% of the money you put in. Entireblock.com does not take responsibility for any money lost or decisions you make.
starting on 2019-01-05 10:00:00

Address:
Manchester City Centre
City Centre
M1 Manchester
United Kingdom

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January 14, 2018

Bitcoin Cash Network Shrugs off Mempool Backlog With Relative Ease

Network congestion is a problem most users would associate with bitcoin or Ethereum. Both of these networks have seen their fair share of issues in this regard. bitcoin Cash saw its transaction backlog grow quite spectacularly this morning. For several hours, someone – or a group of people – were flooding the network with very low-fee transactions. As a result, there was a minor delay in transactions, although things were well within the acceptable limits. Why any of this is happening right now, has yet to be determined.

bitcoin Cash has not been subject to major spam attacks as of yet. bitcoin, on the other hand, seems to get clogged up with transactions every other week. Keeping this in mind, it’s not surprising to see so many people flock to BCH in recent weeks. This has caught the attention of whoever is responsible for the current “spam” on the BCH blockchain. More specifically, there have been a ton of new transactions to fill up the blocks rather quickly. A rather worrisome development, although things were handled relatively well.

bitcoin Cash Handles the Business

The big question is why anyone would flood the BCH network with low-fee transactions. At a price of 1 Satoshi per byte, inflating overall fees would be rather difficult. After all, users can easily pay double that and not have their transactions delayed. Even with the higher fee, Bitcoin Cash remains a lot cheaper than BTC right now. With this cost in mind, it would cost approximately $16,000 to flood the network for an entire day. That doesn’t seem like much money, thus it is possible this is a well-orchestrated attack. For now, there is no solid evidence to back up such claims.

Unlike what one would expect, this issue has not caused many problems. The bitcoin Cash mempool has been cleared relatively quickly and things are returning to normal. If this was an attack, it was a very weak attempt at causing permanent damage. If such an issue were to affect bitcoin, the fees would skyrocket and transactions backlogged for 24 hours or more. Having a larger block size can be rather beneficial in this regard. It also shows how BCH is better at scaling compared to bitcoin, at least for now.

Whether or not this is a prelude to more attacks, remains to be seen. No one will be surprised to see issues like these arise again in the future. The “fight” between BTC and BCH supporters is far from over Although it’s not exactly a turf war, hostilities are not entirely uncommon either. Attacking a network with low-fee transactions is despicable We don’t know if that is what has happened to bitcoin Cash, though. In the end, the issues seem largely resolved, which is a positive sign.

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