IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract

IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at ContractThe U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency transactions. The United States tax agency wants to obtain a solution to […]

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Lightning Network’s Antifraud Methods Inferior to Nakamoto Consensus, Research Shows

Lightning Network's Antifraud Methods Inferior to Nakamoto Consensus, Research ShowsThe Lightning Network, the touted scaling solution for the BTC chain, has recently seen its capacity decrease significantly and the beta project is still best suited for a cliche of technically savvy users. Now according to an analysis by Bitmex Research, the Lightning Network’s nodes have taken 2.2 BTC in “justice transactions” even though the […]

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A Look at What It Was Like to Operate the Lightning Network’s Largest Node

A Look at What It Was Like to Operate the Lightning Network's Largest NodeAbout two weeks ago news.Bitcoin.com reported on one guy who controlled the Lightning Network’s (LN) biggest node when he commanded 49 percent of the total funds held within the network. Since then, Andreas Brekken, the owner of the blockchain review website Shitcoin.com, wrote four reviews about his node that held 35.24 BTC and his daily […]

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Looking Beyond the Lightning Network Hype: Every Day Users Experience Issues

Looking Beyond the Lightning Network Hype: Every Day Users Experience IssuesOver the past few months, there’s been a lot of headlines and new wallets created for the notorious Lightning Network — The second layer payment protocol that’s being touted as a solution to the BTC chain’s scaling issues. The project is in its very early stages as the technology is still in beta, but people are […]

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SBI Bits Jerry Chan Discusses the Lightning Network and Colored Coins

SBI Bits Jerry Chan Discusses the Lightning Network and Colored CoinsAt the Satoshi’s Vision Conference in Japan Bitcoin.com’s Jake Smith interviewed Jerry Chan the lead executive for SBI Group’s fintech arm ‘SBI Bits.’ Chan explains what SBI Bits is involved in and how it had embraced blockchain technology and cryptocurrency solutions. The firm has recently launched a mining pool that’s processing bitcoin cash blocks alongside […]

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