1 / 10 Relevant items tagged with #Technical

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Bitcoin Covenants: CHECKTEMPLATEVERIFY (BIP 119)

[Mar 28 7:24 PM] Bitcoin Magazine Bitcoin Covenants: CHECKTEMPLATEVERIFY (BIP 119) The is the first article deep diving into individual covenant proposals that have reached a point of maturity meriting an in depth breakdown.  CHECKTEMPLATEVERIFY (CTV), put…

Hardware Wallets: Bitcoin’s Biggest Adoption Barrier

[Mar 27 4:40 PM] Bitcoin Magazine Hardware Wallets: Bitcoin’s Biggest Adoption Barrier There are roughly half a billion crypto users around the world and, at the most generous estimate, only 2.5% are using hardware wallets. That’s a tiny number, but I’m relieved…

Bitcoin Covenants: What Are They And What Do They Do?

[Mar 17 7:36 PM] Bitcoin Magazine Bitcoin Covenants: What Are They And What Do They Do? Covenant : a usually formal, solemn, and binding agreement.  This word has become one of the most charged words in the Bitcoin space. They’re the best thing since sliced bread…

Not Your Keys, Not Your Content: Ownership In A Digital Age

[Mar 7 7:17 PM] Bitcoin Magazine Not Your Keys, Not Your Content: Ownership In A Digital Age Amazon has updated its purchasing terms for Kindle e-books in the United States to clarify that customers are acquiring a license to the content, not ownership. The new…

MEVpool, The Best Bandaid We Have For MEV

[Feb 28 10:29 PM] Bitcoin Magazine MEVpool, The Best Bandaid We Have For MEV Miner Extractable Value. That phrase is essentially one of the biggest fundamental risk spaces that exist for blockchain based systems. The original conception of a blockchain included…

USDT on Lightning: the Good, the Bad, and the Unknown

[Feb 25 2:35 PM] Bitcoin Magazine USDT on Lightning: the Good, the Bad, and the Unknown Everyone has heard the Chinese proverb British misquote: “May you live in interesting times,” and how it’s supposed to be a curse. It sounds deep, like a quote for edgelords…

FPPS Is Not A Free Lunch For Bitcoin Miners

[Feb 21 3:51 PM] Bitcoin mining is a tough business. When one considers deploying economic resources to mine traditional commodities such as gold, copper or oil, prospecting for those resources in the field is always done beforehand, to ensure that any capital…

FPPS Is Not A Free Lunch For Bitcoin Miners

[Feb 21 3:51 PM] Bitcoin Magazine FPPS Is Not A Free Lunch For Bitcoin Miners Bitcoin mining is a tough business. When one considers deploying economic resources to mine traditional commodities such as gold, copper or oil, prospecting for those resources in the…

Bitcoin Payments Aren't The Future, They're Here Already

[Feb 6 3:00 PM] Breez, in partnership with 1A1z, has released a new report investigating the use of Bitcoin as a payments system and transactional currency. Bitcoin has always been painted as digital gold, that is one of the longest running narratives at this…

The Game Theory of a Strategic Bitcoin Reserve

[Jan 28 3:30 PM] Bitcoin's decentralized consensus mechanism works based on some cleverly crafted incentive structures. The first and fundamental rule is that the chain with the most work is the correct one. This single rule obviates the need for a central…

How Should Bitcoiners View Quantum Computing?

[Jan 15 5:57 PM] In the early 2020s, quantum computing hit the public spotlight as a potential threat to Bitcoin. Relying on SHA-256 cryptographic hash function for its proof-of-work network consensus, Bitcoin’s value is predicated on computational power.If there…

Using Mining To Create More Fully Validating Bitcoin Users

[Jan 8 5:09 PM] Bitcoin’s value proposition relies on its ability to resist any type of censorship. Without that feature, Bitcoin loses its power to challenge and resist any authority that wants to subjugate Bitcoin to the same rules that apply in the traditional…

A Last Resort: Un'FE'd Covenants For Bitcoin

[Dec 16, 2024 6:46 PM] Jeremy Rubin released a proposal two weeks ago titled Un’FE’d Covenants (FE = Functional Encryption). Given the ongoing debate over covenant proposals for Bitcoin the last year or two, his proposal marks a new practical option. All covenant…

Why and How to Backup Your Bitcoin

[Dec 11, 2024 5:22 PM] If you’ve bought bitcoin, chances are that you want to self-custody. Without self-custody, you don’t really have bitcoin, so why wouldn’t you? Using a hardware device to set up an offline bitcoin wallet is generally recommended. But backing up your

Wabisabi Deanonymization Vulnerability "Disclosed"

[Dec 9, 2024 6:00 PM] GingerWallet, the fork of WasabiWallet maintained by former zkSNACKs employees after the shut down of the Wasabi coinjoin coordinator, has received a vulnerability report from developer drkgry. This vulnerability would allow the total…

Bitcoin Developers Move to Gauge Consensus on Covenants Soft Forks

[Dec 4, 2024 8:01 PM] A small, but significant development in Bitcoin’s much-debated decentralized consensus process is taking place, with some developers moving to publicly gauge sentiment of warring soft fork proposals that would augment the software rule set. Follow…

Safegcd’s Implementation Formally Verified

[Nov 25, 2024 5:11 PM] IntroductionThe security of Bitcoin, and other blockchains, such as Liquid, hinges on the use of digital signatures algorithms such as ECDSA and Schnorr signatures. A C library called libsecp256k1, named after the elliptic curve that the library…

How Viable Are BitVM Based Pegs?

[Nov 21, 2024 5:43 PM] BitVM earlier this year came under fire due to the large liquidity requirements necessary in order for a rollup (or other system operator) to process withdrawals for the two way peg mechanisms being built using the BitVM design. Galaxy, an investor…

ColliderScript: A $50M Bitcoin Covenant With No New Opcodes

[Nov 14, 2024 6:00 PM] While the last year or two have seen a number of proposals for covenant-proposing extensions to Bitcoin, there has always been a suspicion among experts that covenants may be possible without any extensions. Evidence for this has come in two forms…

Shielded CSV Protocol 🛡️

[Oct 23, 2024 12:00 PM] IntroductionBitcoin development today focuses on two major issues: (1) scaling and (2) privacy. The usual proposals to Bitcoin involve adding new opcodes and scripting tools. But an old idea is coming back, one that could make transactions more…

The Metric That Matters for the Lightning Network

[Oct 22, 2024 4:00 PM] The Lightning Network is a revolutionary scaling solution for Bitcoin, enabling fast and inexpensive payments that make everyday transactions with Bitcoin possible. As the network grows, it’s essential to measure its health and efficiency…

This $1,000 Faraday Backpack Will Protect Your Bitcoin

[Oct 2, 2024 2:42 PM] WHERE WE'RE SHOPPING: SLNTIf you’re like me (and you’ve been stacking Bitcoin relentlessly), you’ve probably looked for ways to improve your privacy.  I’ll admit, it’s a bit of a battle for me. As someone who had a public presence from writing

Looks Like Satoshi Nakamoto Left Us With Another Mystery

[Oct 1, 2024 11:15 AM] WHO WE’RE FOLLOWING: Wicked BitcoinIt’s 2024 and there’s a new mystery surfacing around Bitcoin’s creator Satoshi Nakamoto. In this case, discussion of a new enigma first surfaced on X, where everyone’s favorite ch-artist Wicked Bitcoin posted t

Bitcoin Forks: Pathways to Innovation or Disruptive Forces?

[Sep 23, 2024 5:53 PM] Since its inception in 2009, Bitcoin has undergone several forks, or splits, that have given rise to new cryptocurrencies and variations of the original protocol. As of May 2024, there are over 100 Bitcoin forks in existence, with varying degrees…

Celebrating 10 Years of the Hardware Wallet Revolution

[Sep 19, 2024 4:01 PM] As we celebrate the 10th anniversary of the first hardware wallet, it's remarkable to see how far Bitcoin security has come. From the early days of precarious self-custody methods to the game-changing creation of the Trezor Model One, this…

Fractal Bitcoin: A Misleading Affinity

[Sep 18, 2024 7:58 PM] Fractal Bitcoin is a recently launched project that bills itself as “the only native scaling solution completely and instantly compatible with Bitcoin. In essence it is a merge mined system portraying itself as a second layer sidechain for Bitcoin…