1 / 10 Relevant items tagged with #Technical

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The Bitcoin Mempool: What Is It For?

[May 6 7:29 PM] Bitcoin Magazine The Bitcoin Mempool: What Is It For? Everyone who has used bitcoin has made use of the mempool, or a mempool. So what is the mempool? Well technically, there is no such thing as “the” mempool. Every individual full Bitcoin node…

Bitcoin Core Developer Sjors Provoost: Bitcoin Core The Project

[May 2 10:39 PM] Bitcoin Magazine Bitcoin Core Developer Sjors Provoost: Bitcoin Core The Project While at the MIT Bitcoin Expo last month I was able to sit down with Bitcoin Core developer Sjors Provoost.  Sjors is a physicist turned Bitcoin developer, which…

Bitcoin Covenants: OP_CAT (BIP 347)

[May 2 7:14 PM] Bitcoin Magazine Bitcoin Covenants: OP_CAT (BIP 347) This is the fifth article in a series deep diving into individual covenant proposals that have reached a point of maturity meriting an in-depth breakdown. OP_CAT, put forward for reactivation in…

Bitcoin Covenants: OP_VAULT (BIP 345)

[Apr 30 8:48 PM] Bitcoin Magazine Bitcoin Covenants: OP_VAULT (BIP 345) This is the fourth article in a series deep diving into individual covenant proposals that have reached a point of maturity meriting an in-depth breakdown. OP_VAULT, put forward by James…

SLICE: Making PPLNS Work for Demand Response

[Apr 25 6:36 PM] Bitcoin Magazine SLICE: Making PPLNS Work for Demand Response Bitcoin mining has come a long way since the days of GPUs and basement set ups. In that time, miners have advanced in countless ways. For example, ASICs are now the standard, not GPUs…

Jameson Lopp: Bitcoin Is Not A Finished Project

[Apr 24 7:20 PM] Bitcoin Magazine Jameson Lopp: Bitcoin Is Not A Finished Project In the beginning of April at the MIT Bitcoin Expo I was able to sit down with Jameson Lopp to discuss the current state of and future of Bitcoin.  Jameson co-founded Casa, a…

secp256k1lab: An INSECURE Python Library That Makes Bitcoin Safer

[Apr 23 4:57 PM] Bitcoin Magazine secp256k1lab: An INSECURE Python Library That Makes Bitcoin Safer Until now, every Bitcoin Improvement Proposal (BIP) that needed cryptographic primitives had to reinvent the wheel. Each one came bundled with its own custom Python…

Bitcoin Covenants: TXHASH And CHECKTXHASHVERIFY(BIP 346)

[Apr 18 5:45 PM] Bitcoin Magazine Bitcoin Covenants: TXHASH And CHECKTXHASHVERIFY(BIP 346) This is the third article in a series deep diving into individual covenant proposals that have reached a point of maturity meriting an in-depth breakdown. TXHASH and…

Bitcoin Covenants: CHECKSIGFROMSTACK (BIP 348)

[Apr 4 2:38 PM] Bitcoin Magazine Bitcoin Covenants: CHECKSIGFROMSTACK (BIP 348) This is the second article in a series deep diving into individual covenant proposals that have reached a point of maturity meriting an in-depth breakdown.  CHECKSIGFROMSTACK…

Breez Announces Launch of New Wallet, Misty Breez

[Apr 2 2:00 PM] Bitcoin Magazine Breez Announces Launch of New Wallet, Misty Breez Today, Breez launches Misty Breez, their latest application built using the Breez SDK. The Breez SDK was initially developed to simplify the process of integrating Lightning Network…

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…