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UK Government Highlights Benefits of Blockchain Tech

The economic secretary to the UK government's economic and finance ministry – HM Treasury – has spoken about the benefits of digital currencies and blockchain technology. bitcoin HYIP

During her speech in London yesterday about the government's technology drive, Harriet Baldwin MP said the government is working to create the right regime for digital currency businesses and to attract both overseas investors and companies to the UK.

The secretary also touched upon the government's pledge to inject £10m – announced in March – into research addressing the opportunities and challenges of digital currencies and their underlying technology as part of its larger pledge to innovation in FinTech. paying hyips

Baldwin's comments come after the UK Treasury announced its plans to regulate digital currencies in a report published earlier this year. The report, although largely positive about digital currencies, also noted the technology's nascent state and outlined the risks associated to cryptocurrencies. how to invest bitcoin

The publication of the report followed the UK Treasury's 'Call for Information' on digital currencies in June last year, which was an attempt to decipher the risks and benefits associated with this new payment technology.

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A Primer on the Bitcoin Block Size Debate.

The cryptocurrency community is still divided on the bitcoin block size debate, as many have argued that it’s about time to increase the limit from the current 1MB in order to allow the network to process more transactions at a time. bitcoin investment

What’s the problem about the current block size?

Simply put, the 1MB cap on the block size means that fewer transactions are confirmed for each block, as miners verify transactions gathered in blocks. With the growing volume of transactions, miners are having difficulties keeping up with the number of entries that need to be processed, causing transaction times to slow down.

Some say that bitcoin creator Satoshi Nakamoto set the 1MB limit initially in order to keep the blockchain small, as previous versions of the software require wallets to download the entire chain every time it is opened. As the upgraded versions catered to web-based wallets with more efficient means of loading the blockchain, some say that Satoshi intended to have this 1MB cap removed. double btc

Aside from debating on whether or not this action might wind up favoring larger bitcoin mining companies since a larger block size would require more resources, the community is also divided on which approach to take. Here are some of the suggestions that have been raised.

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The Global Universities Embracing Cryptocurrency

Mexico's Universidad de las Américas Puebla (UDLAP) reportedly became the first institution in Latin America to welcome bitcoin on campus last month, after a coffee shop began accepting payments in the cryptocurrency. bitcoin hyip

In so doing, the university joined a growing list of global higher education institutions which have also embraced the digital currency.

Here's a run-down of some of the most crypto-friendly universities from across the globe.

University of Cumbria - The University of Cumbria became the first university in the UK to accept bitcoin payments for two courses linked to the study of cryptocurrencies at the beginning of 2014.

Earlier this year, the university also announced the launch of a free online Masters-level course that would look at the future of money. paying bitcoin hyip

Targeting "monetary innovators and activists from any political persuasion", the month-long initiative sought to explore the essence of money and how it has been interpreted over the last three millennia. bitcoin investment site

During the course, pupils reportedly explored the assumption somewhat prevalent in the bitcoin community that money is best understood as an asset with intrinsic value.