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The Edit – 21.07.17

WHAT’S CAUGHT OUR EYE…
Bitcoin adherents were divided over an argument about the future of the cryptocurrency this week.

With its value fluctuating by 15 per cent within just 24 hours, the resulting increase in usage did not come without problems – bringing about more costly transactions and longer trade times, with some taking up to three days to be processed. The reason for this is the limitations attached to the currency’s blockchain function, which currently only allows 1MB of data to be added to it every 10 minutes – a security feature designed to prohibit hackers issuing crippling Denial of Service (DoS) attacks.

The issue sparked a high-stakes debate amongst the Bitcoin community, with some believing the solution lay in easing the security limitations to allow for faster trading, while others preferred the idea of reorganising the current format to transmit transaction signatures alongside the transaction rather than within it. However, it seems a compromise has been reached through upgrading the SegWit2x code which surrounds bitcoin – meaning more and more people will now be laughing all the way to the virtual bank.

WHAT’S TRENDING…
A Knightscope K5 robot security guard quite literally made a splash this week when plunging into a fountain while on the job. Dealing a blow to the robot revolution, reports suggest that the crestfallen K5 fell down some steps during a patrol, proving that machines very much struggle to overcome the same simple obstacles as many humans. On a brighter note for the robotics industry, US-based Ori is aiming to transform the real estate sector with voice-activated robotic furniture, which residents can move around dependent on their needs. Ori says this can be especially useful in maximising the space of studio apartments, and it will be interesting to see how the company advances this functionality in the future.

WHAT WE’VE BEEN UP TO…
This week saw technology and innovation festival, Unbound, return to London, bringing together more than 5,000 founders, entrepreneurs, investors and executives through a series of talks, workshops and exhibitions. To close the first day of the event, founders from ten of the UK’s most exciting start-ups took to the stage at Tech Crunch’s London Pitch-Off, showcasing their ideas in front a 500-strong audience while also fielding questions from Carolina Brochado, Suzanne Ashman and Sital Teli – partners at three leading London VC firms. While all ten founders displayed superb knowledge and passion, it was Vyking.io’s AR adtech platform which took the top spot. We’re looking forward to seeing their pitch at Tech Crunch DISRUPT in Berlin later this year!

ONE TO WATCH…
Leading ride-sharing service Lyft has decided to stake its claim within the field of autonomous vehicles by launching a new self-driving division within the company. In its announcement released today, the business stated that it’s looking to create a self-driving system which car manufacturers could effectively, ‘plug’ into their self-driving cars. Aside from dictating the future direction of the company, this move comes along with a new 50,000-square-feet facility and the projection that it’ll hire ‘hundreds’ of new employees to undertake this mission. If successful, building its own autonomous vehicle technology will certainly grant the firm more leverage when it comes to entering new territories and negotiating with competitors. But, Lyft will need to move fast to establish dominance in this field. Looks like the race is certainly on to take the driver out of the equation.

Image for The Edit – 21.07.17
Image for The Edit – 21.07.17
Image for The Edit – 21.07.17