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#cryptocurrency

Because of the digital currency’s relatively high value, bitcoin developers are about to halve transaction fees.

Transaction fees are small sums charged to submit bitcoin transactions across the network (think of them as postage stamps) and have them validated by miners by including them in a mining block. They’re paid in satoshis (tiny bitcoins), which means that the transaction fees increase in accordance with the price of bitcoin. Recent price swings …

Because of the digital currency’s relatively high value, bitcoin developers are about to halve transaction fees. Read More »

Miami Council support the decision by Mayor to give Bitcoin as salary

The Miami City Commission is now discussing the option to allow Miami residents to pay taxes and earn Bitcoin’s salaries. Miami Mayor Francis Souarez submitted an official proposal to see Bitcoin (BTC) in different areas of the city government as an appropriate method for payment. The Mayor posted the news on Twitter and confirmed that …

Miami Council support the decision by Mayor to give Bitcoin as salary Read More »