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Sports betting is a $120 billion industry, but in countries such as the U.S., where sports betting is popular, it's likely to grow to $300-$400 billion in five years. At the moment, though, there are three major problems impacting online sports betting: outdated payment systems, resulting in high fees,...
One of the more interesting presentations at the Scaling Bitcoin workshop at Stanford University over the weekend was MIT Digital Currency Initiative Research Scientist Tadge Dryja’s talk on discreet log contracts. Through this type of smart-contracting system, Bitcoin smart contracts that rely on the use of an oracle can...
A new Bitcoin Improvement Proposal (BIP) authored by Bitcoin Core contributor Johnson Lau would bring enhanced functionality to the Bitcoin blockchain. The new BIP is dependent on BIP 114, which was also authored by Lau. CoinJournal reached out to Lau to get the details on these improvement proposals. The basic idea...