Statechains: Sending Keys, Not Coins, to Scale Bitcoin Off-Chain

Block space is limited: The Bitcoin blockchain can only process some 10 transactions per second, at most. To resolve this, Bitcoin’s technical community is developing second-layer protocols that process transactions “off-chain,” such as the Lightning Network and sidechains. Using clever cryptographic tricks, these transactions are batched to periodically settle on the Bitcoin blockchain as a…

This Gallery Is Selling Indigenous Australian Art for Bitcoin

Things you can buy with bitcoin: AT&T’s services, airfare, pretty much anything using gift cards through Bitrefill, pizza, drugs (duh) and now, Indigenous Australian art. Yes, you read that right. The Indigenous Fine Art Gallery (IFAG) in Australia now accepts bitcoin for its “museum-quality art from Australia’s most collectible Indigenous artists.” This puts the IFAG…