On February 12, the well known Lebanese-American essayist and risk analyst, Nassim Nicholas Taleb, declared that the leading digital currency bitcoin is a failure, at least for now. Cryptocurrency fans have been upset by Taleb’s recent statements, after it seems the renowned author has done a complete 180 after supporting the crypto asset for years. […]
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During the last few days, a number of cryptocurrency supporters have been discussing Paul Sztorc’s Drivechain project, also referred to as “Drivenet.” The Drivechain project has been a work in progress for years now, and just recently Sztorc published a new version of the Drivenet software. On June 29, the Bitcoin proponent John Light tweeted […]
The post ‘Running Drivenet:’ Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network appeared first on Bitcoin News.
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The 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 […]
The post Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked appeared first on Bitcoin News.
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A report published February 7 and authored in part by Blockstream researcher Christian Decker found that the BTC Lightning Network is “evolving towards an increasingly centralised architecture.” Proponents of LN say this is not a problem, and even critics of the network point to the necessity of properly defining — and not deifying — “decentralization.” […]
The post Lightning Network Increasingly Fragile to Attacks – Hope Turns to Drivechain for Bitcoin Scaling appeared first on Bitcoin News.
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On April 17, the founder of the Drivechain project, Paul Sztorc, published a new blog post concerning the validity of today’s so-called ‘production sidechains.’ Sztorc has declared on multiple occasions that true sidechain technology hasn’t been invented yet and even Blockstream’s Liquid protocol, dubbed “the first production sidechain,” in a critical sense is not a […]
The post Without a True Two-Way Peg No ‘Real’ Sidechain Exists, Says Drivechain Creator appeared first on Bitcoin News.
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Drivechain developer Paul Sztorc has the cryptocurrency community riled up over his latest blog “Security Budget in the Long Run.” The essay discusses the economics of BTC network fees over a long period of time and suggests rather than giving up the fees to competition, a dominant protocol should collect fees “from all networks.” Also […]
The post Drivechain Creator’s Latest Paper Sparks Debate Over Bitcoin’s Future Security appeared first on Bitcoin News.
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Tidbits summarizes interesting chatter from across the cryptosphere. Today, the crypto community reacts to Erik Voorhees’s argument that maximalism is a flawed ideology. Jonathan Silverblood recommends using the bear market as an opportunity to build while earning crypto and Craig Wright claims he owns more BTC than anyone else in the world. Also read: Judge Denies Craig Wright’s […]
The post Tidbits: Voorhees Believes Maximalism Is Flawed, Craig Wright Self-Proclaimed Largest BTC Holder appeared first on Bitcoin News.
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Tidbits is a roundup of talking points from across the cryptosphere. Today, Jesse Powell and Samson Mow both voice their opinions on the custodial ownership of assets through trusted, third parties. Paul Sztorc shows the Bitcoin community that forks are not as frequent as they think and Simon Dixon breaks down his three problems with the […]
The post Tidbits: Jesse Powell Criticizes Custodial Ownership, Simon Dixon Slams the Banking System appeared first on Bitcoin News.
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In today’s roundup of crypto chatter, Chris Troutner and Andreas Brekken play around with the idea of building an algorithmic stablecoin on BCH. Vin Armani debates with Painted Frog on Bitcoin’s similarities to Visa. Also, Paul Sztorc thinks that understanding Austrian economics is not that important to comprehend Bitcoin. Also read: Developer Paul Sztorc Launches the First […]
The post Chatter Report: Troutner Proposes Algorithmic Stablecoin on BCH, Sztorc Believes Austrian Economics Unnecessary appeared first on Bitcoin News.
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Software developer Paul Sztorc revealed on Sept. 24 the launch of his first iteration of Drivechain, a sidechain concept that enables a cross-chain consensus validation system based on the proxies of miners. Since then, developers have created a faucet, block explorer, a script install, side-shift transfers, transaction replays, and another chain that resembles the Bitcoin […]
The post Drivechain Project Sees an Influx of Development Since Launch appeared first on Bitcoin News.
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