As you most likely heard, the Bitcoin halving occurred on Monday. F2Pool mined the final block earlier than the reward was halved; block quantity 629,999. F2Pool additionally embedded a message into the block referencing a newspaper headline, just like the one Satoshi embedded in Bitcoin’s first-ever block.
Main US funding bank, JP Morgan Chase, is providing banking providers to each Gemini and Coinbase crypto exchanges. The information stunned many, on condition that the bank’s CEO, Jamie Dimon, made public statements in 2017 claiming Bitcoin to be “a fraud that will blow up,” and “only fit for use by drug dealers, murderers, and people living in North Korea.”
The Reddit link-sharing and dialogue platform, with an estimated 330 million customers, is set to launch its personal crypto tokens. Customers will earn tokens, referred to as Neighborhood Factors, for interacting with the location. These tokens will permit customers to purchase entry to sure web site options and features. The CP token will run on the Ethereum community. Whereas incentivizing engagement utilizing crypto is actually not a brand new thought, Reddit’s extensive attain will serve to introduce many new customers to cryptocurrency.
The corporate behind the favored encrypted messaging app Telegram introduced that will probably be ceasing all lively involvement with the TON blockchain. This got here after a chronic battle with the US Securities and Change Fee that sought to halt it as an unregistered securities sale.
Earlier than we conclude, this week’s “Bitcoin quick question” is what’s the incentive for working a Bitcoin node?
A Bitcoin node is a time period for a pc that holds an entire copy of the Bitcoin blockchain. Which means it has data of each Bitcoin transaction ever made. The extra nodes working world wide the more durable it’s to close down Bitcoin. Consider it this manner – to be able to actually destroy Bitcoin it is advisable to destroy all data of all transactions ever made, so extra nodes means a extra strong Bitcoin community.
Nevertheless, there’s no financial incentive to working a Bitcoin node. Not like Bitcoin mining, should you run a node your solely incentive is to ensure you’re not counting on any third occasion to make use of the Bitcoin community and in doing so that you’re contributing to the community’s energy.
In the present day there are almost 8400 nodes unfold out world wide. If you wish to see precisely the place they’re, check out the hyperlink within the description beneath.
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That’s what’s occurred this week in Bitcoin. See you subsequent week.
