カテゴリー: Technology & Security

Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate

Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate21 is a number that holds deep symbology to bitcoiners. In addition to denoting the total number of bitcoins, in millions, that will ever be issued, it’s inspired scores of cryptocurrency business names, websites, and merchandise designs. Despite its assumed inviolability, some members of the community are opposed to Bitcoin’s rigidly set 21 million supply. […]

The post Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate appeared first on Bitcoin News.

18 Months Away? Latest Lightning Network Study Calls System a ‘Small Central Clique’

The Lightning Network has been touted as the solution to the Bitcoin Core (BTC) network’s scalability problem for years now. Over the last few months, the Lightning Network has shown growth but there are still significant concerns about centralization, routing issues, and creating a usable mainstream-friendly interface. The ongoing joke that the network is “18 […]

The post 18 Months Away? Latest Lightning Network Study Calls System a ‘Small Central Clique’ appeared first on Bitcoin News.

18 Months Away? Latest Lightning Network Study Calls System a ‘Small Central Clique’

The Lightning Network has been touted as the solution to the Bitcoin Core (BTC) network’s scalability problem for years now. Over the last few months, the Lightning Network has shown growth but there are still significant concerns about centralization, routing issues, and creating a usable mainstream-friendly interface. The ongoing joke that the network is “18 […]

The post 18 Months Away? Latest Lightning Network Study Calls System a ‘Small Central Clique’ appeared first on Bitcoin News.

BCH Devs Publish Bi-Directional Payment Concept Based on IPFS

BCH Devs Publish Bi-Directional Payment Concept Based on IPFSOn Friday, Openbazaar and Bchd developer, Chris Pacia, revealed a new Bchd project feature currently in the making that would allow for Bitcoin Cash-based bi-directional payment channels. Moreover, in contrast to the Lightning Network, the Bchd developers explained that the team has created an overlay network based on the Inter-Planetary File System (IPFS). Also Read: A […]

The post BCH Devs Publish Bi-Directional Payment Concept Based on IPFS appeared first on Bitcoin News.

BCH-Based Openswap Client Will Feature Trustless Atomic Swaps

BCH-Based Openswap Wallet Promises Trustless Atomic SwapsOn Friday, Dec. 14, Bitcoin Cash developer Mark Lundeberg announced his new project Openswap, a fork of the Electron Cash client that features atomic swap functionality. Lundeberg’s been working on the Openswap software for months and the tool can perform swaps between bitcoin cash (BCH) and BTC in a trustless fashion. Also read: Markets Update: Bears […]

The post BCH-Based Openswap Client Will Feature Trustless Atomic Swaps appeared first on Bitcoin News.

Monitor Bitcoin Cash Development With the Coin Dance Tracking Page

Monitor Bitcoin Cash Development With the Coin Dance Tracking PageCryptocurrency data website Coin Dance revealed on Friday the team’s revamped Bitcoin Cash protocol development tracking page. Interested proponents can get a comprehensive look at all the completed BCH developments, proposals, ideas that are being discussed, and concepts that are currently under development. Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down The […]

The post Monitor Bitcoin Cash Development With the Coin Dance Tracking Page appeared first on Bitcoin News.

BCH Devs Discuss Securing Instant Transactions With the Avalanche Protocol

Over the last couple of weeks, the Bitcoin Cash (BCH) community has been talking fervently about zero-confirmation transactions and a new pre-consensus mechanism called Avalanche. On Monday, Openbazaar developer Chris Pacia published a comprehensive description of the pre-consensus protocol that could theoretically bolster secure zero-confirmation BCH transactions. Also read: Onegold Customers Can Now Purchase Digital Bullion […]

The post BCH Devs Discuss Securing Instant Transactions With the Avalanche Protocol appeared first on Bitcoin News.

Vertcoin Network Suffers 300-Block Reorg Following 51% Attacks

Vertcoin Network Suffers 300-Block Reorg Following 51% AttacksVertcoin (VTC) is currently struggling with a series of 51 percent attacks and a number of blockchain reorganizations. According to recently published data, the vertcoin chain has experienced over 22 reorgs and has lost more than $100,000 due to the attacks, with the last reorg clocking in at over 300 blocks deep. Also read: US Law Enforcement Wants […]

The post Vertcoin Network Suffers 300-Block Reorg Following 51% Attacks appeared first on Bitcoin News.

An Alternative Client Has Mined Bitcoin Cash Block 558847

An Alternative Client Mined Bitcoin Cash Block 558847On Saturday, Dec. 1, the Copernicus project announced the launch of its full node implementation pre-release written in the programming language Golang (Go). Following the release, the client was used to generate the first Golang version of a Bitcoin Cash block mined at height 558847. Also read: Intel Awarded a Patent for an Energy Efficient Bitcoin […]

The post An Alternative Client Has Mined Bitcoin Cash Block 558847 appeared first on Bitcoin News.

New Bitcoin Cash Opcode Shows an Onchain Game of Chess is Possible

New Bitcoin Cash Opcode Shows an Onchain Game of Chess is PossibleSince the recent Bitcoin Cash (BCH) upgrade, the protocol now has some newly added features like the re-enabled opcode OP_Checkdatasig. After the implementation, a few developers have been experimenting with the opcode and have developed concepts such as “spending constraints.” Moreover, in another instance, a programmer recently used the opcode to create an onchain chess game […]

The post New Bitcoin Cash Opcode Shows an Onchain Game of Chess is Possible appeared first on Bitcoin News.