Infographic: What is MultiSig and why does it matter?
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Gridcoin Wallet joins HolyTransaction Today!
All HolyTransaction customers can create new address for Gridcoin wallet and use the easy HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any 9 supported cryptocurrency.
Just like Bitcoin, you can now:
– Send Gridcoin to your GRC wallet address.
– Receive transactions
– Make instant transactions between HT users
– Set OTP for additional protection
We are really excited to be part of a new community!
About Gridcoin:
Gridcoin is a cryptocurrency that rewards individuals for contributing to computational research in math, science and several other areas of study with their home computer, laptop and android devices.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
HolyTransaction partners with RibbitRewards to further Blockchain-based rewards programs
Open your free digital wallet here to store your cryptocurrencies in a safe place.
HolyTransaction welcomes new users from Greece, Europe, and the World over
Everyone with a finger on the pulse of the world’s financial health has been keeping their eyes peeled for the latest on the potential “Grexit” (Greek Exit) from the European Union. With negotiations of a final deal once again bearing no fruit, the average citizen’s faith in the traditional financial system is eroding at an ever-increasing rate. A few years ago, it was Cyprus; now, it is Greece. Frankly, the rest of the fiat-using world is right to believe that they may be next. In times like these, interest in Bitcoin tends to spike. In just the last week, Greek Google searches for the keyword ‘Bitcoin’ have increased notably. Let’s not forget that historically we have always seen a trickling effect where new Bitcoin users find themselves researching altcoins in an attempt to get ahead of the next big thing. It is possible that the current economic turmoil in Greece is the next big thing that pushes interest in Bitcoin and other digital currencies.
We have seen fellow digital currency companies focus their attention and marketing on Greece and Europe, which is another indicator of the breadth of this event. The classical way to buy bitcoins is to use your bank. Unfortunately, with Greece’s banks closed for the next week and possibly more time after that, it is arguably too late for the Greek people to buy Bitcoin easily.
Since most Greeks have their money tied up in the banks that are currently shut down. The people on the ground can’t even buy Bitcoin through the banks. Bitcoin isn’t going to be accepted by Greece over night, but Bitcoin also isn’t going to be shut down by anyone over night. In the coming weeks, the contrast between digital currency and banks will sharpen for many onlookers. Observers the world over will be struck with a sort of enlightenment: their vision will clear. Bitcoin might not be able to help the Greeks buy a loaf of bread in their local economies tomorrow morning; however, Bitcoin and blockchain technology can and will be able to prevent similar economic disasters from happening ever again.
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HolyTransaction partners with Netki for human-readable address
Wallet addresses are one of the most aggressive barriers to the mass adoption of digital currency. Trying to explain these lengthy, case sensitive, intimidating strings of numbers and letters to the uninitiated is a daunting task. Much of the general population values simplicity over function, and in this regard wallet addresses seem scary and overly complex.
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Netki makes digital money approachable and intuitive for new and veteran users alike, by transforming long and unwieldy Bitcoin addresses into human-readable wallet names. Additionally, your Netki name separates your identity from public blockchain data, providing you multiple layers of privacy, as well as multiple validations to keep you secure.Open your free digital wallet here to store your cryptocurrencies in a safe place.
Next Bitcoin Core Version to Include ‘Smarter’ Transaction Fees
details of new floating transaction fees to be included in the code of
the next Bitcoin Core release.
stated that the updated code will enable “smarter” fees that account
for the length of time it takes to confirm transactions on the bitcoin
network. Ultimately, the new code will determine transaction priority,
making sure that transactions confirm more efficiently.
code as the reason for the update. These complications result in
inconsistent and time-consuming confirmation periods. He wrote:
“Instead of using hard-coded rules for what fees to pay,
the [new] code observes how long transactions are taking to confirm and
then uses that data to estimate the right fee to pay so the transaction
confirms quickly – or decides that the transaction has a high enough
priority to be sent for free but still confirm quickly.”
how much priority they want their transaction to receive. In some cases,
users may opt to have as many as six blocks pass before the first
confirmation is received.
Systemic fee problems addressed
send large bitcoin transactions. As Andresen explained, the new code
eliminates some of the hurdles that slowed down transactions in excess
of 1,000 bytes in size.
framework. The code that determines priority for free transactions
automatically places them at a disadvantage in the network. This results
in a significant increase in confirmation times.
“The current situation is even worse for free,
high-priority transactions: the hard-coded ‘high-priority’ constant is
much too low, so transactions sent for free can take a very long time to
confirm.”
more effective transaction fee determinations within the bitcoin
network.
Future updates possible
fees, citing the behavior of miners – and their preference for high-fee
transactions – as reasons to avoid such an approach. Notably, he said
there was no desire within the bitcoin development community to
institute fixed fees.
“I expect to see transaction fees rise until a good
solution for optimizing the propagation of blocks across the network is
deployed, because I expect transaction volume to increase and I don’t
think miners will include more transactions in their blocks until
somebody fixes the ‘bigger blocks take longer to broadcast’ problem.”
develop new code that enables a more efficient and healthy transaction
process.
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1 millionth Bitcoin wallet created on Blockchain.info
(CoinDesk) Blockchain.info has reached the biggest milestone in its history – it now boasts over a million wallets. A year ago it had fewer than 100,000 users and by late October the company announced that it had created 500,000 wallets, so it is evident that things are picking up.
A Blockchain representative told CoinDesk that the company plans to celebrate the latest milestone with some big prizes. Back in October, the lucky
user who created the 500,000th wallet was rewarded with 10 BTC, so the stakes are high. Blockchain acknowledged that reaching the one million mark is a major accomplishment for any service, especially in the bitcoin space. A company spokesman said:
“The year 2013 has been an unforgettable one for Blockchain. As the number of wallets has doubled from 500,000 since November, the world’s most popular bitcoin website is proud to announce reaching 1,000,000 wallets for their wallet service.”
Blockchain started 2013 with around 100,000 users. By contrast, 2014 is kicking off with more than a million users. The company said: “The growth seen over the past year has happened during a pivotal time for bitcoin. Blockchain plans to build this milestone into an outreach opportunity for bitcoin newbies and enthusiasts.”
Blockchain.info added that its leadership role in the bitcoin economy is “only just beginning,” so we can expect a lot more over the next few months.
It is also keen to emphasise that it is nearly a “100% bitcoin” business, as it pays its employees and most of its services in bitcoin. It also closes its business deals in bitcoins, including the recent acquisition of ZeroBlock, the most popular iOS/Android app for bitcoin.
If, by chance, you did open a Blockchain account over the last few hours, it might be a good idea to check whether you were the lucky one-millionth user.
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