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The issue of how to process more transactions, quickly and cheaply, continues to be a hot topic in the cryptocurrency world. Earlier this year SegWit laid the foundation. The Lightning Network offers a potential solution. While blockchain technology is revolutionary, it still has drawbacks. Under the current system, transactions are processed according to the amount […]

The question of Bitcoin scaling is finally settled: On August 24 SegWit was activated! This is a major technical milestone, and a cause for celebration in the bitcoin community. Developers now have the ability to use the new protocol, which is expected to improve transaction speed and security – and lower fees. To give you […]

August 1  has come and gone, and SpicePay made it through the drama that divided the bitcoin community. Following a brief security hold, we’re back in the bitcoin business, with all services in good operating order. Your patience during this odd little interval is appreciated. So what exactly happened? As you’ll recall from recent SpicePay […]

The issue of bitcoin scalability has been a persistent one, and the subject of heated debate, for some time. While bitcoin’s price soared to new heights and users multiplied, the question loomed: How can it be scaled? Let’s look at the basics. Bitcoin uses blockchain technology. A blockchain is essentially a distributed database for an […]