Federated Sidechains: $8M in BTC Stuck in Limbo, Analyst Says Action ‘Violates Liquid’s Security Model’

Federated Sidechains: $8M in BTC Stuck in Limbo, Analyst Says Action 'Violates Liquid's Security Model'Liquid, the sidechain network developed by the company Blockstream, saw 870 bitcoins ($8 million) frozen in moderation queue due to a seizure from a number of the network’s functionaries. The founder of the Summa project, James Prestwich, explained on Twitter that the emergency 2-of-3 controlled 870 bitcoin “violates Liquid’s security model.” During the last year, […]

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Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked

Despite Trust Model Debates, Ethereum Is Bitcoin's Largest Sidechain by Total Value LockedThe Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value Locked Climbs to 3.9k Bitcoin Just […]

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Flipstarter Reveals Eatbch and BCH Development Funding Goals – Blog Post Receives $2k in Tips

Flipstarter Reveals Eatbch and BCH Development Funding Goals - Blog Post Receives $2k in TipsOn Sunday, developers of the Flipstarter.cash project announced the start of private testing for the platform’s BCH assurance contracts and the team also revealed the first two funding projects. One of the first funding goals will be raising bitcoin cash for the nonprofit food charity Eatbch in Venezuela and South Sudan. Additionally, Flipstarter hopes to […]

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Voluntary Financing: Bitcoin Cash Devs Reveal Noncustodial Funding App Flipstarter

Voluntary Financing - Bitcoin Cash Devs Reveal Noncustodial Funding App FlipstarterOn February 15, a user on the read.cash blog site announced the development of a new Bitcoin Cash fundraising project called Flipstarter.cash. The developers behind the platform highlighted the recent questions people have been asking about voluntary funding of the Bitcoin Cash commons. The Flipstarter team plans to release an application that allows people to […]

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Bitmain’s Nishant Sharma Talks China and Crypto in the Humans of Bitcoin Podcast

Bitmain's Nishant Sharma Talks China and Crypto in the Humans of Bitcoin PodcastThis week on the Humans of Bitcoin podcast host Matt Aaron chatted with Bitmain’s Nishant Sharma who shared his story and discussed the western hemisphere’s false impressions of China and Bitcoin. During the interview, Sharma conversed about his work with Bitmain, one of the largest cryptocurrency companies in the world, and addressed some of the […]

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Bizarro World: Federated Sidechain Technology Promoted Over Nakamoto Consensus

Bizarro World: Federated Sidechain Technology Promoted Over Nakamoto ConsensusOn Oct. 10, Blockstream revealed that the company’s new product, Liquid, generated its first block on Sept. 27 and noted that a lot of the crypto-economy’s “biggest players” participated. Since Blockstream announced the launch of its federated sidechain, the technology has been praised by some and dismissed by others. Also read: BCH Devcon Streamlines Bitcoin Innovation […]

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Review: A Side-by-Side Comparison of Decentralized Exchanges

Review: A Side-by-Side Comparison of Decentralized ExchangesDecentralized cryptocurrency exchanges are getting better. They’ve still some way to go before they match the UX of the best centralized exchanges, or facilitate cross-chain trades for that matter, but they’ve come a long way since the Etherdelta days at least. In a week where Ethfinex Trustless debuted, we review four of the top ERC20 […]

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Wendy McElroy: Free-Market Law Enforcement for Crypto

Free-Market Law Enforcement for CryptoThe Satoshi Revolution: A Revolution of Rising Expectations. Section 4: State Versus Society Chapter 9, Part 6 Government is a law factory. It passes laws in the same manner that another type of factory extrudes metal molding…But, whereas a factory which extrudes metal molding is providing a product which is useful to the citizens generally, […]

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Upgradeable Smart Contracts Erode the Trustless Aspect of the Technology

Smart contract technology is of great interest to developers and corporations. Automating specific processes using blockchain technology can create new use cases. At the same time, there are still some issues associated with smart contracts, ranging from performance to theft prevention. Solving the latter problem may not be as easy as one might think. Smart […]

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