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In a stark reminder about one of Bitcoin’s lingering immaturities, Bitcoin Core maintainer and mining pool co-founder Luke Dashjr calculated that Bitcoin transactions might need over 800 confirmations (5.5 days) to reach even 95% odds of finality. In alarming contrast to most orientations that recommend a mere six blocks (one hour) for assurance that a transaction is irreversibly settled, this 800-block figure recalculates that to account for distrust in Bitmain . Was looking to update the hard-coded and obsolete 6-blocks-to-confirm target in the Knots wallet GUI, but doing the math, it looks like due to the Antpool conglomerate having 48% of Bitcoin network hashrate, even getting to 95% secure requires over 800 blocks. — Luke Dashjr (@LukeDashjr) February 8, 2025 In something of an open secret in the bitcoin mining space, Bitmain has maintained significant influence over the sector for years. Bitmain’s templates for blocks of BTC transactions Everybody know...

Google Trends data reveals that even though AI is the talk of the town, it still pales in comparison to Bitcoin in 2017. In China, it's a completely different story. Global search interest for the term “AI” has reached a new all -time high on Google, though it’s yet to hold a candle to Bitcoin (BTC) peak mania in 2017, data has revealed. Artificial intelligence has dominated headlines over the past few months, with some suggesting that it’s the latest “tech fad” after crypto and the Metaverse. Most recently, OpenAI executives warned in a May 23 blog post that within the next ten years, AI will exceed expert skill level in “most domains” and be as productive as “one of today’s largest corporations.” However while global and United States search interest for AI has reached a fever pitch — clocking in at 89 on Google Trends, it is still shy of Bitcoin’s peak search interest of 100 in December 2017 when Bitcoin was nearing its then-high of $20,000. Comparing search trends for buzz wo...

With a Bitcoin rally to begin the year, the crypto space is looking up. However, not every sector has reversed its downward trajectory. 2023 is off to a great start , with Bitcoin (BTC) rocketing up 40% in January. The good news is not relegated to just Bitcoin, however, as this price increase has sent ripple effects across the cryptoverse. Mining revenue jumped $22.66 million in January, and crypto-related stocks doubled on average. Despite this good news, Venture Capital investments are down 23% from the previous month.  Download and purchase this Report on the Cointelegraph Research Terminal. For a more detailed look into the various sectors of the crypto space, including venture capital, derivatives, decentralized finance (DeFi), regulations and much more, Cointelegraph Research publishes a monthly Investors Insights report. Compiled by leading experts on these various topics, the monthly reports are an invaluable tool to quickly get a sense of the current state of the blockchain ...