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, […]
The post Federated Sidechains: $8M in BTC Stuck in Limbo, Analyst Says Action ‘Violates Liquid’s Security Model’ appeared first on Bitcoin News.
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Forking cryptocurrencies, usually Bitcoin or one of its offshoots, was all the rage 12 months ago. Today, the spate of new forks has dwindled to a trickle. With the benefit of hindsight, and armed with over a year’s worth of data, it’s possible to determine which forks succeeded and why. Also read: Six New and Improved […]
The post A Snapshot of Cryptocurrency Forks Shows the Biggest Winners and Losers appeared first on Bitcoin News.
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Vitalik Buterin, Ethereum’s cofounder, is increasingly finding himself target of very public rumors about his role in the project’s supposed love of secrecy. Charges of lacking transparency are equivalent to mortal sins in the cryptocurrency space. Ethereum too is particularly sensitive about accusations along these lines, especially in the ongoing light of a possible US […]
The post Ethereum Founder Responds to Charges of “Insane”, “Plutocratic” Governance appeared first on Bitcoin News.
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Bitcoin forks are invariably contentious, but the latest batch could be the most controversial yet. Bitcoin Prime and Anonymous Bitcoin have been labeled as shameless cash grabs that are little more than pump and dumps orchestrated by opportunistic developers. The projects’ architects of these schemes, naturally, have hit back. Also read: Forget Emojis – Bitcoin Sentiment […]
The post The Most Controversial Bitcoin Forks Yet Are Coming appeared first on Bitcoin News.
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As author William Gibson memorably observed, “The future is already here — it’s just not very evenly distributed”. Today’s clutch of stories attest to that. Blockchain air taxis, dual forks, and digitally scarce pillow cases may not be the future we dreamed of, but it’s the one we’ve gotten. Welcome to the weekend edition of […]
The post Bitcoin in Brief Saturday: Fork-o-Mania and Flying Cars appeared first on Bitcoin News.
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In less than six hours, zclassic will fork to create bitcoin private, a new privacy-oriented coin that uses zk-snarks to obfuscate transactions. Holders of bitcoin and zclassic will both be eligible to receive bitcoin private (BTCP) on a 1:1 basis. There’s just one problem: 93% of all zlcassic (ZCL) is on Bittrex exchange, which until […]
The post Forking Today: Bittrex’ Stance on Bitcoin Private Angers Zclassic Bagholders appeared first on Bitcoin News.
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Bitcoin’s latest fork is just weeks away and this one’s a little different from the rest. Rather than simply tinkering with Segwit or adjusting block sizes, Bitcoin private (BTCP) is adding zk-Snarks. The privacy enhancing feature is best known for its use in the Z family of coins including zcash, zclassic, and zencash. That’s not […]
The post Bitcoin Private Fork Aiming to Make Bitcoin Anonymous appeared first on Bitcoin News.
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In just 3 months, the price of Zclassic (ZCL) has increased by +5,768%. In this post, I’ll give some background to what Zclassic is and try to explain what is going on with it. Also read: The Art of Buying the Dip A Quick History Lesson on Zclassic Zcash (ZEC) is a privacy-centric cryptocurrency that launched […]
The post Trading Tip `The Wall´ – Absurd Profits from Zclassic a.k.a. Bitcoin Private appeared first on Bitcoin News.
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