CRYPTO

Authored by Helen Partz via CoinTelegraph.com,

Bitcoin, the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving, it’s timely to revisit some of Bitcoin’s historical milestones ahead of the next halving expected in April 2024.

The first Bitcoin transaction occurred nearly 15 years ago on Jan. 3, 2009, a few months after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, published the Bitcoin white paper in October 2008.

On Nov. 28, 2012 — three years and 10 months after Bitcoin’s first block was mined — the first-ever halving event took place. At the time, BTC traded at around $12, according to data from StatMuse, or 308,200% below Bitcoin’s current price, according to data from CoinGecko.

Though Bitcoin’s halving and the digital currency’s 21 million supply cap are not directly described in Nakamoto’s white paper, the document still hints at certain mechanisms to control the creation of new BTC. The white paper reads:

Unlike some basic information in the Bitcoin white paper, the halving aspect is mentioned in the Bitcoin source code. The halving is specifically available on the Bitcoin Core GitHub repository on the validation.cpp file and indicates the miner’s block subsidy is “cut in half every 210,000 blocks, which will occur every four years.”

A Bitcoin halving-related snippet from the Bitcoin Core repository. Source: GitHub

The Bitcoin halving mechanism had been (more…)

Authored by Omid Malekan via Medium.com,

Let’s talk about social media, the problems with centralized (Web2 or CeSo) variants, and the road to successful decentralized (Web3 or DeSo) solutions…

Every few months, a blogger or media outlet does a deep dive on social media algorithms and concludes they tend toward dangerous extremes (the WSJ has a good article on Instagram Reels today).

These investigations rightly conclude that whatever safety measures get put into (more…)

Authored by Andrew Fenton via CoinTelegraph.com,

For every genuine blockchain project harnessing artificial intelligence in an attempt to create a better world — like Dr Ben Goertzel’s Singularity.net — there are 100 coins like AI Doge that have simply wedged the hyped-up terms “AI” and “Crypto” together to flog tokens.

As one of the few people in the world who are as well versed in AI as they are in crypto, Polosukhin says that if you ignore the hype, the technologies (more…)