Karl J Kreder introduces BlockReduce for enhanced blockchain scaling without compromising the cardinal characteristics of the technology.
Dmitry Petukhov published a detailed article on cover address swap. We
present a summary and explore covert swaps, how they can affect Bitcoin users
and a few simple solutions wallets (or even you!) can implement to protect
Electrum Wallet Founder Thomas Voegtin discussed in
an interview during the
Bitcoin Wednesday Amsterdam, the current state of
Lightning Network integration in its wallet which
used to account for 10% of all Bitcoin transactions at some point.
Last week, a formal proposal was suggested on the Lightning mailing server by developer Rusty Russell on how we can implement Splicing in lightning channels (“top-up” and “drain” bitcoin from a channel). In this post we explain the concept and briefly review the proposal.
Statechains author @SomsenRuben gives several different depths of explanations for how statechains work including a short FAQ. Statechain aim to allow users to move bitcoin UTXOs entirely off-chain. Enables instant off-chain creation of Lightning channels, with the ability to easily add or remove funds, and more.
Content originally published by BitcoinOptech on newsletter #16.
The fifth Scaling Bitcoin conference was held Saturday and Sunday in Tokyo, Japan. In the sections below, we provide brief overviews to some of the talks we think might be most interesting to this newsletter’s readers, but we also recommend watching the complete set of videos provided by the workshop organizers or reading the transcripts provided by Bryan Bishop.
During the Scaling Bitcoin event, Mark Friedenbach presented Forward Blocks, a proposal to increase on-chain settlement capacity without hard-fork. Here’s a brief explanation of the proposal …
Bitcoin’s development effort for the past few years has been focused on a few key concepts, privacy, scalability and efficiency. One of the first improvements was Segregated witness which is ushering in the rest, Lightning Network followed but was an effort in a different direction as it took transactions off-chain rather than optimizing the on-chain process. Some of the upcoming technologies aimed at optimizing this process are Schnorr Signatures and Merkelized Abstract Syntax Trees or MAST for short.
On Mon, 17 Sep 2018, an anonymous encrypted disclosure message was sent to the BitcoinCore team by a user under the pseudonymous of beardnbobies. The message disclosed a Denial Of Service bug and a potential inflation bug
The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it. This year’s second edition panelists included major Bitcoin developers like Brian bishop, Matt Corallo and Eric Voskuil, Cryptography specialists like Adam Back and Peter Todd, CEOs like Elizabeth Stark and Eric Lombrozo and many others. Here’s a summary of the two-day panels …