Category: Economics

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How Limited Block Size May Centralize The Use Of Bitcoin

About 1.5 years ago Digiconomist featured a blog on how a simple concept called “economies of scale” played an important role in explaining why Bitcoin’s Proof of Work algorithm incentivizes hashrate centralization. By restraining Bitcoin’s block size limit, Core developers are about to unleash the same concept on …

Happy Birthday, Dogecoin

Yesterday digital currency Dogecoin celebrated its first anniversary. The genesis block of the coin, originally intended as a joke, was mined on December 8, 2013. One year later, Dogecoin is still among the biggest cryptocurrencies in terms of market capitalization and also still the second most popular cryptocurrency …