(Bloomberg) — Bitcoin backers celebrated as the community embraced a new mechanism to improve usage and allow it to scale, boosting confidence in the virtual currency and sending prices back near record highs.
The community, which had been split on how best to make the cryptocurrency more manageable, rallied behind a code upgrade known as SegWit2x, which aims to increase the network’s transaction capacity. That fueled a rally on Thursday in bitcoin’s price against the dollar, which had plummeted from a peak in June as concerns grew about its future.
What Service Providers Need to Know About Bitcoin
“We’re thrilled to get past this impasse,” said Andrew Lee, head of bitcoin-shopping startup purse.io, whose team celebrated with beers at their San Francisco office. The development opens “the doors to much-awaited innovations,” he said.
Bitcoin enthusiasts in New York and San Francisco, to Hong Kong and Tokyo, gathered in bars and offices to hold impromptu parties, while others took to Twitter and social media to cheer the move, as well as the price rally.
The impasse arose from a limit placed on the size of blocks underpinning the network in bitcoin’s early days, in order to prevent hacker attacks. As the virtual currency grew in popularity over the past nine years, transaction times and processing fees soared, curtailing the community’s ability to process payments with the same efficiency as services like Visa Inc. Miners and developers were locked in

 

(Bloomberg) — Bitcoin backers celebrated as the community embraced a new mechanism to improve usage and allow it to scale, boosting confidence in the virtual currency and sending prices back near record highs.
The community, which had been split on how best to make the cryptocurrency more manageable, rallied behind a code upgrade known as SegWit2x, which aims to increase the network’s transaction capacity. That fueled a rally on Thursday in bitcoin’s price against the dollar, which had plummeted from a peak in June as concerns grew about its future.
What Service Providers Need to Know About Bitcoin
“We’re thrilled to get past this impasse,” said Andrew Lee, head of bitcoin-shopping startup purse.io, whose team celebrated with beers at their San Francisco office. The development opens “the doors to much-awaited innovations,” he said.
Bitcoin enthusiasts in New York and San Francisco, to Hong Kong and Tokyo, gathered in bars and offices to hold impromptu parties, while others took to Twitter and social media to cheer the move, as well as the price rally.
The impasse arose from a limit placed on the size of blocks underpinning the network in bitcoin’s early days, in order to prevent hacker attacks. As the virtual currency grew in popularity over the past nine years, transaction times and processing fees soared, curtailing the community’s ability to process payments with the same efficiency as services like Visa Inc. Miners and developers were locked in

 

CloudFlare complied with a court order forcing it to stop providing services to a Grooveshark copycat recently, despite concerns by the San Francisco-based security and website optimization provider that the demand put it in an unfair position.

The post CloudFlare Responds to Grooveshark Copycat Court Order: We’re Not the Copyright Police appeared first on Web Hosting Talk.

 

Google’s developer conference, Google I/O brought together professionals from across the tech ecosystem this week at the Moscone Center in San Francisco.

The post Google I/O Features Developments Aimed at Connecting the Web appeared first on Web Hosting Talk.

 

Tel Aviv and San Francisco-based startup Twistlock announced on Thursday that it received $2.5 million in seed funding from YL Ventures. The company will use the funding to launch it’s security suite focused on container security. Twistlock seeks to solve what it sees as two problems with using container technology:…

The post Virtual Container Security Suite TwistLock Launches with $2.5M Seed Funding appeared first on Web Hosting Talk.

 

Developers flocked to San Francisco this week for the Microsoft Build conference, an annual event that launched in 2011. The WHIR has rounded up some of the highlights of the Build Conference.

The post Microsoft Build 2015 Wrap-Up: What You Need to Know appeared first on Web Hosting Talk.

 

Developers flocked to San Francisco this week for the Microsoft Build conference, an annual event that launched in 2011. The WHIR has rounded up some of the highlights of the Build Conference.

The post Microsoft Build 2015 Wrap-Up: What You Need to Know appeared first on Web Hosting Talk.

 

Thank goodness the GoDaddy (NYSE: GDDY) IPO is over it can get back to business. One of the obstacles to an IPO is that it does take a lot of time, and prohibits the company from making fairly large moves.

The post Fresh Off IPO, GoDaddy Makes First Acquisition in San Francisco’s Elto appeared first on Web Hosting Talk.

 

GoDaddy has named Lauren Antonoff as SVP of Digital Identity on Wednesday. In her new role, Antonoff will head up the company’s Digital Identity division in its San Francisco office.

The post GoDaddy Names Former Microsoft SharePoint Exec SVP of Digital Identity appeared first on Web Hosting Talk.

 

As cloud adoption continues to increase to a predicted $127-$200 billion market in 2018, service providers are looking for a strategic edge. SolarWinds (NYSE: SWI) believes the acquisition of the cloud monitoring company Librato will give them an advantage. On Thursday, SolarWinds acquired San Francisco-based Librato for $40 million. Librato…

The post SolarWinds Acquires Cloud Monitoring Company Librato for $40 Million appeared first on Web Hosting Talk.

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