Bitcoin Business

The Proof-of-Work Evolution

The proof-of-work concept was the original innovative idea that allowed decentralized cryptocurrencies to emerge. It allows network nodes to reach consensus on which version of the blockchain should be considered correct. However, since Satoshi implemented it in Bitcoin, a great number of new algorithms have…
cinerama
July 18, 2015
Bitcoin Business

European Bitcoiners React to VAT Exemption Proposal

EU member flags Bitcoin entrepreneurs and digital currency enthusiasts in the European Union (EU) have spoken out following the European Court of Justice's (ECJ) proposal for bitcoin's exemption from Value Added Tax (VAT).Formulated by the court's Advocate General Juliane Kokott, the opinion provided a long-awaited…
cinerama
July 17, 2015

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