On May 15, the Bitcoin Cash network successfully upgraded by implementing Schnorr signatures, after which a few developers processed some basic Schnorr signatures. Then, on Saturday, May 18, software developers Chris Pacia, Mark Lundeberg, and Checksum0 performed the first multi-sig Schnorr signature on BCH and sent the funds to Freeross.org. Also Read: After Trillions Printed […]
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On Wednesday, May 15, the Bitcoin Cash (BCH) network will be upgraded to incorporate the highly anticipated Schnorr signature algorithm, a digital signature scheme widely known for its simplicity. Also read: Bitcoin History Part 12: When No One Wanted Your BTC Schnorr Sigs Are Coming Next week, the Bitcoin Cash blockchain will be upgraded by […]
The Bitcoin Cash network is scheduled to fork on May 15 and the community has been steadily preparing for the next upgrade, which will entail the addition of Schnorr signatures and Segwit recovery exemption. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings Bitcoin Cash Upgrade Time: May 15, 2019, Shortly After 12 […]
On Tuesday, Jan. 29, Bitcoin Cash developer Mark Lundeberg revealed two planned features for the scheduled May 2019 BCH upgrade. In the gist published to Github, Lundeberg described a specific improvement that’s been discussed by cryptocurrency developers for years — implementing Schnorr signatures in place of ECDSA signatures. This could upgrade the BCH chain to […]
As the Lightning Network comes closer and closer to fruition, cryptocurrency enthusiasts are anticipating a network for payments that is far more fast and affordable than what is currently seen. While there is still work to be done before Bitcoin sees such an implementation, it’s important to recognize that other projects are also working on or have already implemented the underlying technology of this network. Here are three examples: 1. Ripple (XRP) For close to one year, Ripple has been actively using payment channels to process thousands of transactions per second on its network. Payment channels utilize the same off-chain settlement function
Lately, there’s been a lot of discussion about a new concept called ‘Channel Factories.’ The technology ultimately makes the Lightning Network (LN) a ‘third layer’ and a ‘new layer’ rests in between the bitcoin blockchain and LN payment channels. Also read: Peter Thiel, Bitcoin Astronaut, Moves Markets with Crypto Moonshot Channel Factories: Adding Another Layer […]