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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.” … Read more
On February 6, Bitcoin Cash supporters were introduced to a new BCH-centric Stack Exchange community called bitcoincash.stackexchange.com. The goal of the Q&A site aims to build a “knowledge center” for Bitcoin Cash developers and individual researchers interested in learning about BCH. Also Read: IOTA, EOS, XLM, ADA – 4 ‘Bitcoin Contenders’ With Zero Use Cases … Read more
The scalability problem within blockchain has seen the rise of layer 2 solutions that seek to solve a variety of scalability issues that exist within layer 1 blockchain platforms today. Take the payments area as an example, today it’s clear that if decentralized blockchain platforms are to compete against their centralized peers like Visa and … Read more
The crypto space can be hard to break into for those unfamiliar with the jargon, lingo, and foundational knowledge taken for granted by the already initiated. Adding to this difficulty is the fact that there are several different cryptos which bear the name “Bitcoin.” Convoluted as this all may seem, the differences are pretty easy … Read more
On January 7, digital preservation researcher David Rosenthal published an overview of BTC’s Lightning Network (LN) which claims LN infrastructure isn’t decentralized and privacy-preservation is a myth. Rosenthal’s analysis found significant flaws with the LN fee system and the editorial insists “in order for Lightning Network to provide privacy, it must be massively over-capitalized.” Also … Read more
The scaling of different cryptocurrencies remains crucial. Nano, an often overlooked altcoin, is seemingly on the right track to achieve this goal. All of these discussions need to be taken with a grain of salt. Nano Nails Scaling Properly Altcoins often tend to scale better than bitcoin, yet it doesn’t necessarily help them gain traction. … Read more
Do you remember receiving your first bitcoin? Seeing those satoshis arrive in your wallet is a magical, almost spiritual, experience. In that moment, the most beautiful thing about bitcoin is not its censorship resistance or pseudonymity: it’s that it works at the first time of asking. No pending account verification, no weekend processing delays, and … Read more
On October 31, 2008, on the eve of Halloween, Satoshi Nakamoto published the Bitcoin whitepaper. Since then the revolutionary design of the network has changed the lives of many and has transformed how we look at money today. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain The 11th Anniversary of the … Read more
Second generation blockchains were presented as being faster, cheaper, and more scalable than Bitcoin. Third generation chains (basically anything that came after Ethereum) promised even greater optimizations. In the event, these networks have run into the same difficulties as Bitcoin, with competition for scarce resources leading to mounting costs and congestion. To tackle these problems, … Read more
In five weeks, the Bitcoin Cash (BCH) network will upgrade once again, adding two new features to the blockchain. The first component added will be Schnorr support for OP_Checkmultisig, which will allow more complex mechanics to multi-signature transactions and all signature checking operations will support Schnorr signatures. Lastly, the upgrade will finalize the BIP62 malleability … Read more