News Snapshot:
The Chinese crackdown on bitcoin mining is serious and miners in China are taking this very seriously and looking for new locations. For a currency that is supposed to be independent of nation-states, it appears the tables are getting turned. The blockchain algorithm takes into account various methods of trying to corrupt or cheat the system. It eliminates the manipulation of entries in the ledger by using a census-based audit process. Distributed validation, or mining, was supposed to make the currency nation agnostic as the validation would be performed anywhere and everywhere on the Internet. In reality, the massive energy...
