The Latest in IT Security

Bitcoin glitch expected to abate as software upgrades continue

06
Jul
2015

bitcoin-money

Bitcoin experienced a glitch over the weekend that is expected to be resolved as software clients that handle transaction data are upgraded.

Some software clients that “mine” bitcoins are creating invalid transaction data, which are referred to as blocks. Blocks are records of transactions, and the first miner to complete a block is rewarded with new bitcoins. The blocks are added to bitcoin’s public ledger, called the blockchain.

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