Another round-up of the news surrounding the Bitcoin and blockchain technology space for July 8th, 2016. North Carolina Governor Signs Bitcoin-Friendly Law Today the North Carolina Gov. Pat McCrory signed a law that defines “virtual currency” and clarifies the need for a license when running Bitcoin and cryptocurrency related businesses. The new law updates the…

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Every year TechCrunch and VentureBeat holds it’s annual Crunchie Award. For 8th Annual Crunchies Awards the Blockchain has been nominated as the best technological achievements. The Blockchain is the fundamental technology that underpins Bitcoin and all other cryptocurrencies existing today. A breakthrough in digital currency was made in 2008 when pseudonymous developer Satoshi Nakamoto finalized…

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An issue raised since the inception of bitcoin was the size of the blockchain. Due to its architecture, bitcoin’s blockchain was foreseen to become that large, in terms of file size, it may be difficult for the individual users to maintain a local copy. A decentralized currency cannot afford such an event as less and…

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