The primary episode of the “Bit Speak” podcast discusses current developments on this planet of Bitcoin. Hosted by Akiba and James from CryptoSlate in addition to Bitcoin pioneer Nick from Mercury Pockets, the podcast is a bite-sized, easy-to-consume bi-weekly overview of the Bitcoin community.This episode begins with the adoption of Bitcoin in Africa, with an increasing number of individuals utilizing the lightning community. The lightning community is a second-layer cost protocol that operates on high of the Bitcoin blockchain, permitting for sooner and cheaper transactions.The hosts additionally focus on the state of Bitcoin mining, mentioning that some miners are struggling because of the bear market and the rising issue of mining. The bear market refers back to the decline within the worth of Bitcoin over the previous few years, which has made it harder for miners to show a revenue.The podcast additionally features a phase referred to as “Bitcoin Climate” with James from CryptoSlate. On this phase, James gives a short overview of the present state of the Bitcoin market, together with current worth actions and key developments. This phase gives listeners with a fast and concise abstract of a very powerful on-chain occasions within the Bitcoin world.The hosts additionally point out that there have been improvements in mining expertise, similar to using different power sources and residential mining. Up to now, most Bitcoin mining was finished by giant industrial farms, however now there’s a push for extra decentralized and sustainable strategies of mining. For instance, some corporations want to use stranded power sources, similar to biomass, to energy their mining operations. This not solely reduces the carbon footprint of mining but in addition makes it extra accessible to people who might not have entry to low cost electrical energy.The hosts conclude by discussing the way forward for Bitcoin and the potential for it to turn out to be extra mainstream. They point out that Bitcoin nonetheless faces challenges by way of regulation and public notion, however they’re hopeful that these points will probably be resolved over time. Additionally they point out that the continued improvement of the lightning community and different applied sciences will play a key function in making Bitcoin extra accessible and user-friendly.



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