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With the third Bitcoin halving looming closer on the horizon, what is going to happen? What can we expect?

Bitcoin’s third halving event has been at the heart of recent debates and discussions, generating polarising views on the effect it will have on the cryptocurrency and the ecosystem. To understand why this is such a widely anticipated event, let us first talk about Bitcoin mining and block rewards.

What are block rewards?

When bitcoin miners successfully add a “block” of transactions to the blockchain, they receive block rewards on top of transaction fees. …


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Photo by Eric Prouzet on Unsplash

Opinion

China has the ability to drive blockchain technology into the hands of a billion Chinese users.

China is coming ahead in the digital currency race, and they are finding themselves in a good position to push blockchain technology to more than a billion citizens.

There is no denying that China has gained a firm grip and heavy influence on the future of the blockchain industry and the prospects of cryptocurrencies. Within the span of a week, a series of announcements from Chinese regulators shook the entire industry, jolting Bitcoin prices and prices of the coins of Chinese-developed blockchains.

These announcements came in stark contrast to a series of gloomy news in the US. The US SEC had just rejected yet another proposal for a bitcoin exchange-traded fund (ETF) listing, and Facebook’s Libra project hits roadblocks after the association lost several of its key founding members amidst relentless questioning by regulators and lawmakers globally. …


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Render unto Caesar the things that are Caesar’s and unto the people the things that are the people’s.

“Trust is at the core of any system of money. For it to work, people must feel confident that a currency will be held in the right esteem by others.”

For any currency — traditional or digital — to be viable and widely used by a community or society, the users must trust an authority to honor the value and the transactions in the currency.

To understand what Bitcoin is and why it is important, we have to first understand how intermediaries play a crucial role in providing trust for the money system as we know it.

ELI5: Our Transactional System Today

Suppose I want to gift a gold coin to my friend Liam, so I meet him to pass him the gift. With my physical presence as I hand him the coin, Liam is able to verify…

About

Alan Seng

Head of Marketing at RockX | Striving to become a better human being, thinker, and technology advocate, in that order

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