Blockchain Blog

Bitcoin News for the week of 3/14/16

Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This week we shared a post about the introduction of dynamic fees to our wallet, with the goal of improving the overall user experience, in particular during peak network times. In addition, we take a closer look at bitcoin in East and Central Europe, and consider whether physical bitcoins are making a comeback or not. Check out all this news and more in our weekly Blockchain recap.

Shifting to Dynamic Fees and Bitcoin’s Projected Growth

dynamic-fees-hero

Introducing Dynamic Fees

We’re always looking for ways to improve how our users can send and receive bitcoin. Lately, there’s been a good deal of congestion on the Bitcoin network, and with this we’ve seen unusual delays for some transactions. In a recent update to our web wallet, we added an exciting new feature called Dynamic Fees. Our goal with this update is to make sure our users continue to see fast and reliable transaction confirmation times for the best value, regardless of how many people are using the Bitcoin network.

Scaling, growth, and increasing adoption are challenges that many of us in the community welcome with open arms, despite the difficulties that come along with them. In a recent article on Virgin.com, author Tom McGivan discusses the pros and cons of Bitcoin in a conversation with our CEO, Peter Smith. In terms of long term value, Bitcoin has opened the door to entirely new possibilities for the decentralization of finance and peer-to-peer transactions.

Bitcoin in East & Central Europe

![Miner photo via Bitcoin.com](https://blog.blockchain.com/content/images/2016/03/bitcoin-miner-photo.jpg)
Miner photo via Bitcoin.com
[Ukraine Startup Hotmine Builds Smart Bitcoin Miner](https://news.bitcoin.com/ukraine-hotmine-smart-bitcoin-miner/)

Ukrainian Bitcoin startup HOTMINE is releasing a domestic heater-miner with two useful functions. In addition to mining bitcoin, the HOTMINE machine can be used to heat the owners’ homes. The “Hotmine Smart Heater-Miner” is a tall, black box, teeming with wires and tubes. Inside the machine are mining chips manufactured by BitFury.

Bitcoin is really heating up in Eastern Europe and surrounding areas. We’ve been seeing a consistent rise in Russian users, and as a result have an available career opportunity in User Operations focused on Russian user support. In Central Europe, there is a Bitcoin conference in Prague coming in May where participants will talk about the practical application of blockchain technology, and its legislative regulation in Europe.

Around the blockchain

![Verisart homepage, verisart.com](https://blog.blockchain.com/content/images/2016/03/verisart-homepage.png)
Verisart homepage, verisart.com
[Verisart launches with blockchain art certification app](http://www.verisart.com/)

Verisart, the first ever platform for certifying and verifying physical artworks and collectibles on the world’s most secure, decentralized register launched recently. Verisart enables artists to create certificates of authenticity using the distributed ledger technology provided by the blockchain.

Microsoft is back using Bitcoin, but they never actually left. Despite a recent announcement saying that Microsoft would stop accepting bitcoin payments, Microsoft confirmed that it does accept the currency and plans on using it for the foreseeable future. In the U.S. Congress, a hearing was held on digital currency and the blockchain by the Energy and Commerce Committee. The members of the House of Representatives listened to reports; the problems discussed at the session included possible applications of the blockchain technology and their impact on consumers, the regulatory environment for bitcoin, and more.

Are physical bitcoins making a comeback?

![A physical Satori Coin from satoricoin.jp](https://blog.blockchain.com/content/images/2016/03/satori-coin.png)
A physical Satori Coin from satoricoin.jp
[Satori Coin: A Physical Bitcoin in Japan](https://www.cryptocoinsnews.com/satori-coin-a-physical-bitcoin-in-japan/)

The Satori Coin will introduce people in Japan to bitcoin in a unique way. The Corbett Report, an independent, listener-supported alternative news source in Japan, featured Yoshi Kan of Raimu Inc., a Japanese import company, who said he is preparing to release the Satori Coin, a physical bitcoin.

Not only is there the Satori Coin, but there is another physical bitcoin to emerge on the market recently called the Denarium Coin. Denarium’s products are made from quality brass and the primary focus of the company is “affordability.” The business was created by Henry Brade Co-founder and CEO of Denarium. Coins are sold in smaller fractions of the digital currency and written in the “bits” format without decimals. Another quality physical bitcoin made available recently is the Kialara Coin.

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