Localbitcoins supports SegWit addresses

Popular p2p bitcoin buy\sell platform has become the third large platform in recent weeks, which supports SegWit
04 January 2018   505

The popular p2p platform for buying and selling bitcoins Localbitcoins announced the support for SegWit addresses.

Thus, LocalBitcoins has become the third large platform in recent weeks, which supports SegWit. In December, Bitwala and WikiLeaks announced similar steps.

Activated in August 2017, the Segregated Witness protocol due to more rational use of the blockchain space allows to reduce the amount of commissions in the network of bitcoin. Also with its help, the block size was slightly enlarged and the foundation for implementation of various second-level solutions, for example, the Lightning Network, was laid.

Note that December 2017 was for LocalBitcoins record for the volume of concluded deals. The greatest activity occurred in the week from December 16 to December 23, when this figure was almost $ 134 million.

Bitcoin Questions included into Dutch High School Exam

Bitcoin-themed mathematics questions have been cut-in in recent high school matriculation exams in the Netherlands
18 May 2018   99

About 200,000 Dutch students are to have taken the OVW exam, a obligatory test for students who wish to get tertiary education in the Netherlands. The testing list  included five bitcoin-themed questions.

Students were offered to solve five different mathematical problems. The questions asked that students “calculate in what year the amount of bitcoin exceeded 18 million,” “calculate from which year on the reward will be less than one bitcoin,” “determine the maximal amount of bitcoin that can be in circulation.” The resolution  of the issues was supposed to base on the formula used to employed to solve the questions.

Such kind of changes in testing for students is connected with the growing  recognition of cryptocurrency by the Holland’s institutions. In March, the Court of Amsterdam defined that bitcoin owns “properties of wealth” at the same time  adjudicating a civil rights occasion between an individual seeking repayment from an unfulfilled contract pertaining to bitcoin mining. The court ordered that “bitcoin represents a value and is transferable” and “thus shows characteristics of a property right. A claim for payment in Bitcoin is, therefore, to be regarded as a claim that qualifies for verification.”

Recently, Rob van Gijzel, the ambassador of the Dutch Blockchain Coalition, revealed a national blockchain research agenda, which had been accredited by the Dutch Ministry of Economic Affairs and Climate Policy. The ministry had established a designated committee, TopTeam ICT, appointed to analyze the potential legal, economic, and ethical implications of distributed ledger technology in the country.