7 / 9 Relevant items tagged with #Technical

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The Great Inscription Renumbering Debate: The Code & The Culture

[Sep 27, 2023 9:30 AM] These days we often wax eloquent about the “early days of Bitcoin” and the great visionaries who participated in the discussions on protocol development. However we often forget that the cypherpunks of olde were human too — that early oversights &

A New Trustless Way to Calculate the Bitcoin Price

[Sep 21, 2023 12:25 PM] UTXOracle is a simple Python script [Attention: direct download link] that takes advantage of a surprising fact about the Bitcoin blockchain – by parsing on-chain data it’s possible to derive an approximate U.S. dollar price. A graph of UTXO…

Readers React To Drivechain Incentive Concerns

[Sep 20, 2023 1:06 PM] Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates._________________________________________________________________Here is part…

Bitcoin vs Ethereum: A Culture War Rooted in First Principles

[Sep 20, 2023 12:00 PM] Bitcoin and Ethereum, despite acting as twin forces for accelerating and adopting cryptocurrencies and blockchain technologies, have historically been at odds with each other due to the “L1 wars” and their vocal online proponents. To some, the…

Spiderchains: A Proof Of Stake Second Layer

[Sep 18, 2023 3:02 PM]  This is an extension to my previous article series discussing the different sidechain proposals that exist. Those articles can be found here: Spacechains, Spacechain Use Cases, Softchains, Drivechains, Federated Chains, and Trade Offs Of…

Coming To Terms With The Economic Reality Of Scaling

[Sep 18, 2023 9:01 AM] The blocksize war marked a pivotal chapter in Bitcoin's nascent history, illuminating the ability of node operators to withstand systemic changes that could undermine the network's foundational principles of decentralization and censorship…

Bitcoin Nodes Now One Step Closer to Instant Sync

[Sep 16, 2023 8:00 AM] Bitcoin light clients are now able to sync to the tip of the blockchain nearly instantly, thanks to a new development enabled by bitcoin startup ZeroSync and their work in zero-knowledge (ZK) proofs. Ultimately, ZeroSync seeks to enable full nodes…

Drivechains Are Stupid, Prove Me Wrong

[Sep 13, 2023 1:00 PM] Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates.______________________________________________________________We are going to…

ZK Rollups Are Coming To Bitcoin. Here’s All You Need To Know

[Sep 11, 2023 8:00 AM] Zero-knowledge (ZK) rollups are coming to Bitcoin. Recently, two different projects took turnkey steps into turning this development into a reality for the original cryptocurrency, an advancement that could help Bitcoin scale even more and also…

Chainalysis Denounces Bitcoin Core Contributor As “Unqualified”

[Sep 9, 2023 11:00 AM] If you haven’t had a good laugh at Chainalysis’ attempts to defend the use of its blockchain forensics software for law enforcement purposes in light of recent court proceedings, now may be the time.After having to admit to the lack of scientific…

How Drivechains Introduce New Incentive Dynamics to Bitcoin

[Sep 5, 2023 9:00 AM] Despite a nice few months this summer after Burak, infamous slayer of the Lightning Network, dropped his proposal for the new second layer protocol Ark where people had a lot of discussion around different covenant proposals, drivechains are once…

Chainalysis, The Theranos Of Blockchain Forensics?

[Aug 31, 2023 11:30 AM] After Chainalysis Head of Investigations Elizabeth Bisbee had to admit to the lack of scientific evidence for the accuracy of Chainalysis’ Reactor software, experts of blockchain surveillance firm CipherTrace lay bare flaws in Chainalysis’…

The Milk Sad Vulnerability and What It Means for Bitcoin

[Aug 25, 2023 10:27 AM] In the newest episode of Bitcoin Magazine’s "Bitcoin, Explained,” hosts Aaron van Wirdum and Sjors Provoost discuss the ramifications of a newly discovered exploit dubbed “Milk Sad,” affecting Bitcoin users attempting to run the alternative Bitcoi

UTXOracle: A Decentralized Approach To The Oracle Problem

[Aug 7, 2023 6:00 AM] This is an opinion editorial by Daniel Hinton, the head of finance and operations for sFOX, a bitcoin prime broker and custodian, and Steve Jeffress, creator of Bitcoin UTXO set visualizer UTXO.live.We now know how to infer the daily price of…

What Is The Lightning HTTP 402 Protocol, And Why Is It Important?

[Jul 12, 2023 2:58 PM] Lightning HTTP 402 Protocol, also known as L402, is a way to charge for services and authenticate users in distributed networks. It combines two powerful tools — Macaroons, and of course, the Lightning Network.Macaroons are special tokens used for…