December 30, 2018

Blockchain World Forum · Shenzhen

Blockchain World Forum · Shenzhen
The future of Blockchain is here! Blockchain World Forum will explore the opportunities and challenges associated with Blockchain. The event is a initiative in creating an interactive platform for the leading technologists, entrepreneurs, regulators, investors, academics and financial institutions in the emerging Blockchain industry. Presented in a series of top-level keynotes, interactive panel discussions and solution-based case studies with a focus on learning and building partnerships in the emerging Blockchain space, Blockchain World Forum will explore the industries that are set to be disrupted the most by this new technology, including; legal sectors, financial services, insurance, energy, music, government, real estate and more. Within the conference, there will be the exhibition of technological and business application innovations for the industry. TECHNOLOGY & BUSINESS TOPICS Sessions will be rated on how tech vs biz focused they are intended allowing you to pick the right content based on your background. BLOCKCHAIN EXHIBITION The bitcoin exhibition will showcase latest bitcoin innovation technologies, solutions and services for the industry. BLOCKCHAIN WORLD AWARDS The Blockchain World Awards are the unique celebration of the drive, innovation and hard work in the bitcoin technology ecosystem. WHY SHOULD YOU ATTEND BWF is where the bitcoin professionals create their own program from a wide range of high level options including conference sessions, workshops, live show, case demos and mentoring clinics. The leading speakers, presenters and mentors took to the stage, with the conference sessions drawing consistently strong attendance right across the themed agenda. • Discuss on regulation around bitcoin, crypto currencies like bitcoin, ethereum & ICO’s.• Hear from inspirational keynote speakers and the industry panelists who have taken their businesses to the next level• Meet with the potential partners, customers, investors, and advisors who can help your business to flourish• Share knowledge with fellow industry leaders and experts in the conferences• Watch scores of in-depth product presentations in the showcase theater• Benefit form on site advisory clinics with market experts• Network with the entire bitcoin ecosystem WHO WILL YOU MEET Unique in its scale, positioning and format, BWF sits at the cross section of start-ups, incumbent tech providers, entrepreneurs and the investor community. It is a true ecosystem event. • Service Providers• Operators• Platform Providers• Investors• Software Providers• Hardware Manufacturers• Data Scientists• FinTech Professionals• Business Analysts• M2M Platorm Providers• Developers• Blockchain Start Ups• Banking and Financial Services• Healthcare Companies• Energy Companies• P2P Lenders• Payments• Water Companies• Venture Capitalists• Computer Security Companies• Industrial Automation Companies• Industry Associations• Government• Others THE BLOCKCHAIN INNOVATION AWARDS The Blockchain Innovation Awards honor the highest achievements from the global bitcoin industries, celebrating teams and individuals who are blazing a trail within the sector. Reinforce client relationships – remind your customers and prospects that you are the best choice of supplier; Stand out among your peers – let the market see that you are head and shoulders above the competition; Make headlines on an international scale – international press coverage ensures the industry will know about your win; Network with the industry’s most influential people – with C-level representation from the most important operators in the region there is no better informal networking forum; Reward your team – recognize and celebrate their achievements. PHOTO GALLERY • Sponsorship / Exhibition For information on sponsorship and exhibition opportunities at the event, please click here or send your email to sponsors@thebwf.com • Blockchain Innovation AwardsLearn more about awards selection process, please click here or send your email to awards@thebwf.com • Media PartnershipFor media partners related inquiries, please click here or send your email to partners@thebwf.com Blockchain World Forum · Dubai | March 21-22, 2019http://db.thebwf.com Blockchain World Forum · Shenzhen | May 23-24, 2019http://sz.thebwf.com Blockchain World Forum · Santa Clara | July 25-26, 2019http://sc.thebwf.com Blockchain World Forum · Singapore | September 19-20, 2019http://sg.thebwf.com Blockchain World Forum · London | November 21-22, 2019http://ld.thebwf.com
starting on 2019-05-23 08:00:00

Address:
Shenzhen, Fujian, China

Shenzhen
China

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This New Tool Can Help Bitcoin Users Deal With Stuck Transactions

Samourai Wallet is becoming increasingly popular as a wallet that focuses on privacy and security for its users above all else, but a recent tool released by this wallet’s team of developers has a focus on user experience. The new app, called Bitcoin Afterburner, allows users of many different bitcoin wallets to boost transactions that have become stuck due to low fees.

The app works for transactions that have been sent or received, and it is compatible with all BIP 39 and BIP 44 wallets. Examples of compatible wallets include Mycelium, Blockchain.info, Airbitz and Electrum.

To get more details about bitcoin Afterburner and the concept of fee bumping in general, bitcoin Magazine reached out to the anonymous CEO of Samourai Wallet.

“Afterburner is one more example of how we are experimenting and developing ways of monetizing our business without resorting to accepting fiat or exposing our users to harmful KYC/AML collection,” said the CEO.

Samourai Wallet monetizes the bitcoin Afterburner app by adding a $5.99 fee for helping users with their stuck transactions. This fee is added to the child-pays-for-parent (CPFP) transaction that is used to bump the user’s bitcoin transaction fee. CPFP is a process by which the recipient of a transaction can spend the inputs of an unconfirmed transaction by using them in a new transaction that has a higher fee (and incentivizes miners to mine both transactions at once).

The full question and answer session with the CEO of Samourai Wallet can be read below.

bitcoin Magazine: Will fee bumping eventually become the norm on bitcoin?

Samourai Wallet: We believe that over time as legitimate transactions start to fill block space, and a fee market begins to mature, wallets that have implemented sophisticated fee management mechanisms such as fee bumping will provide their users with the most competitive transaction fees and confirmation times. The tech is there today, the challenge — and it isn’t a small challenge — is entirely UX. We’re working on this today while others are playing catch-up.

BM: Could you compare and contrast this app with the transaction accelerators offered by ViaBTC and BTC.com?

SW: The difference between the miner operated TX Accelerators is that Afterburner is not an off-chain 1-to-1 with a specific miner. Instead, Afterburner broadcasts a bitcoin transaction to all miners using the standard bitcoin p2p network. All the miners on the network compete for the new transaction with the higher fee, meaning it often works much quicker than the miner operated TX Accelerators. Afterburner was very much a defensive response to the miners who have been blocking SegWit activation and broadcasting empty blocks, some of those same miners are the ones who run the TX Accelerators.

BM: Is bitcoin Afterburner getting much use so far?

SW: Afterburner has a good number of installs, but not many paid ‘Boosts.’ A few days after we released Afterburner the transaction backlog that was driving up fees and confirmation times completely dried up. The fees required for next block confirmation dropped from 300 sat/b to 25 sat/b. Once the mempool gets saturated again, we will have a much better idea of the potential utility of the app.

BM: Why do you think more wallet providers don’t offer this sort of service?

SW: Many wallet providers — inexplicably the most well-funded ones are the most guilty — haven’t invested any time into proper fee estimation and management until very recently. A misguided industry-driven quest to make the bitcoin wallet for “grandma” resulted in an unusable bitcoin wallet for actual users. Samourai has focused from inception on actual bitcoin users first.

BM: Do you think this sort of fee bumping will eventually be free? Does Samourai Wallet offer fee bumping like this natively or do they need to use this separate app?

SW: Samourai Wallet provides the exact same functionality as Afterburner natively. Afterburner was designed to allow users of any other BIP 44 HD wallet to boost their stuck transaction using CPFP (Child-Pays-for-Parent) under the hood. Hopefully they move over to Samourai Wallet if they are satisfied with the service. In addition to CPFP-based boosting more advanced users may opt-in to RBF-based boosting which is also available in the wallet. Both options are available to Samourai Wallet users free of charge.

The post This New Tool Can Help Bitcoin Users Deal With Stuck Transactions appeared first on Bitcoin Magazine.