4 / 9 Relevant items tagged with #TECHNICAL

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Bitcoin address types compared: P2PKH, P2SH, P2WPKH, and more

[Apr 23, 2024 2:29 PM] Originally published on Unchained.com.Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody…

Bitcoin Decentralization and Where to Find It

[Apr 23, 2024 12:00 PM] IntroductionOne of Bitcoin's undeniable and frequently touted strengths is its decentralization. It's often claimed that the Bitcoin network offers levels of decentralization, accessibility, and distribution unmatched by any other cryptocurrency…

How To Keep Your Bitcoin Safe When You Have to Flee Your home

[Apr 23, 2024 9:30 AM] The world is becoming an increasingly unstable place politically and economically speaking. Many people all over the world are currently living somewhere presenting serious risks to their livelihood and well being, everything from totalitarian and…

The Weekly Reorg: This Time Is Different

[Apr 23, 2024 7:56 AM] My buddy Harry Sudock has a wager with Danny Knowles of What Bitcoin Did fame about the prospect of a 50 BTC block reward in this new epoch. Putting aside a couple of fat fingers, the last time this happened was over 4000 days ago. Late last Friday…

Fun Facts About The Halving

[Apr 19, 2024 9:37 AM] The halving is a pivotal moment in Bitcoin’s monetary policy every four years, having massive implications for the economic viability of individual mining operations, the overall market dynamics of the asset, and generally the block alcohol content…

What the heck is CatVM?

[Apr 17, 2024 9:30 AM] Taproot Wizards released a cartoon yesterday called CatVM. I will not refer to it as a whitepaper, those are real academic documents for adults. In the cartoon, interspersed amongst the absurd childish narratives, were a few valuable technical…

The Weekly Reorg: Bitcoin Fashion Week

[Apr 16, 2024 1:13 PM] In case you missed it, Bitcoin Season 2 released part of its Spring/Summer collection last week. Amongst other things, Mezo, a “Bitcoin economic layer” came out of stealth with a $21 million fundraising round. Alpen Labs announced a $10.6 million…

How did Satoshi Think of Bitcoin?

[Apr 13, 2024 8:00 AM] The following is an essay originally published on Unchained.com by Dhruv Bansal, CSO and Co-founder of Unchained, the Official US Collaborative Custody Partner of Bitcoin Magazine. For more information on services offered, custody products, and the…

The Technical Architecture of the Quantum Cats

[Apr 12, 2024 9:35 AM] Quantum Cats is a collection of 3333 Ordinals Inscriptions that evolve over time, to reveal different artwork. This is the first ever collection of Inscriptions that will evolve over time, and was created in a time of high fees and an unpredictable…

The BitVM Liquidity Crunch Issue

[Apr 9, 2024 12:40 PM] BitVM has recently come under some scrutiny after the Taproot Wizards, Tyler and Rijndael, posted their criticism of the liquidity requirements imposed on the operator of a BitVM based two-way peg. In all the recent discussions around BitVM based…

BitVM 2: Opening Up The Playing Field

[Apr 2, 2024 8:00 AM] Last October Robin Linus from Zerosync dropped a bit of a bomb in the form of BitVM. One of the longest running criticisms of Bitcoin is that it is not possible to make arbitrary programs to control how money is spent or locked. Bitcoin only has a…

On the Brink of a Dramatic Change: The Digitalization of Money

[Mar 27, 2024 10:00 AM] “What underpins a world order is always the financial system.We are on the brink of a dramatic change where we are about to, and I'll say this boldly, abandon the traditional system of money and accounting and introduce a new one. And the new one…

Bitcoin: The Tree of Bytes

[Mar 26, 2024 11:45 AM] The blockchain truly is a marvelous piece of technology. A mechanism to timestamp the order of digital information without needing to depend on a centralized operator. A decentralized mechanism with no one in charge, that provides undeniably…

Bitcoin: The Entropy Engine

[Mar 26, 2024 7:46 AM] Introduction Names can be both liberating and confining. When mankind gives something a name, we mark it with a label that helps us discuss our shared environment and experience. At the same time, a label can obscure something in preconceived…

Random Access Markets: The Free Market Of Information

[Mar 20, 2024 7:30 AM] This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription.Click here to download a PDF of this article.The Value Of BitsData is the most liquid commodity market in the world

How do the Wealthiest Bitcoin Holders Secure their Bitcoin?

[Mar 19, 2024 9:30 AM] If you want to hold a large amount of bitcoin securely, it makes sense to investigate how the wealthiest bitcoin holders handle this task. While wealth doesn’t cause infallibility, these entities have the most to lose from making a mistake. They…

Mercury Layer's Lightning Latch Swap Protocol

[Mar 18, 2024 8:30 AM] Commerceblock has released a new atomic swap protocol for use with statechains on their Mercury Layer protocol. The HSM server has introduced functionality to support atomically swapping two statechains, as well as enforcing an atomic exchange of a…

Multisig, Shamir's secret sharing, & MPC compared

[Mar 16, 2024 7:00 AM] For anyone with substantial bitcoin holdings, a custody structure that includes a single point of failure should be seen as unacceptable. If a wallet has a single component that—when lost or stolen—can lead to a permanent loss of funds, then it’s…

An Interview With Polyd: The Rabbit hole of Covenants

[Mar 8, 2024 9:40 AM] Have you fallen into the ‘rabbit hole’ of covenants?Interviewer: Hua, freelance writer, independent researcher. X: @AmelieHuaInterviewee: Poly, a Controls Specialist, maintains multiple Distributed Control Systems (DCS's) and has worked with other…

Instant Settlement Series: It's Not About The Money

[Mar 1, 2024 9:00 AM] Instant settlement profoundly transforms our behavior as it reconnects us with the elemental laws of nature. The existing paradigm mirrors the primal imperative of reaping benefits in exchange for labor–working to survive, but the pay-per-time…

BITPACS: Emulating DAOs on Bitcoin

[Mar 1, 2024 8:01 AM] I wanted to share some thoughts on a seemingly overlooked innovation that has come to Bitcoin within the last year, called Bitpacs. Bitpac stands for a Bitcoin Based Publicly Auditable Cooperative. Bitpacs are essentially normal bitcoin multisig…

Anduro: A Network of Sidechains

[Feb 29, 2024 1:23 PM] Marathon yesterday announced their Anduro layer two proposal. While there aren't really any fundamentally new pieces or developments in the Anduro design, they do compose in slightly different ways compared to other existing sidechain systems such…

Layer 2 Is Not A Magic Incantation

[Feb 26, 2024 2:06 PM] A common chant from many in this space these days in response to any discussion of changes to the Bitcoin protocol is “Don’t mess with Layer 1! You can just build it on Layer 2!” This seems like a very logical thing to do, right? Why risk the…

Ordinals vs Layer 2 Metaprotocols, Part 2: The Final Showdown?

[Feb 20, 2024 11:15 AM] Last May, I wrote an article for Bitcoin Magazine predicting that Layer 2 (L2) metaprotocol solutions would resolve the Ordinals controversy. Now that two of the most highly-anticipated Layer 2 solutions, Taproot Assets (TA) and RGB, are either…