BNC's top insights for the week.

30 Jan 2019

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Bitcoin beyond 2020: Can proof-of-work sustain life after block rewards?

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A Bank of International Settlements report concludes that bitcoin's liquidity is "set to fall dramatically" due to decreasing mining rewards and low retail use if it doesn't migrate to another consensus model such as proof-of-stake.
Rootstock (RSK) is a Lightning-like sidechain that builds a bitcoin-pegged coin and smart contract utility on top of the bitcoin security layer to create a high-throughput currency that keeps bitcoin relevant as a medium of exchange and keeps network mining profitable. More

TOP STORIES OF THE WEEK.

New Australian legislation impacts online anonymity
The privacy balance for technology companies in Australia is changing as the result of new legislation passed at the end of 2018.
The Assistance and Access Act 2018 (AA Act) will require online service providers to respond to requests for information about users and their activity.
More

Another billion dollar year for BitPay as B2B world opens up
Setting a new record for transaction fee revenue, Blockchain payment pioneer BitPay has processed over $1 billion in transactions for the second year in a row.
In the seven years since its founding, the bitcoin payment processor has grown from a two-person office in Atlanta, to a global business with 80 staff scattered in offices across the world. More

Blockchain’s ‘over-promised and under-delivered’ dilemma
A new McKinsey report details the factors relevant to the adoption of blockchain technology in business.
The report explores the reasons for the slow adoption rate and the still largely unutilized potential held in this innovative new technology. More

Lost and hodled - understanding Bitcoin’s 'Unspent Transactions'
A new report by Delphi Digital is shedding light on the state of the bitcoin economy. Specifically, the report quantifies the number of bitcoin units that are actively in circulation as well as those which are lying dormant, unused in wallets.This is referred to as UTXO. More