Shinobi

Readers React To Drivechain Incentive Concerns read full article at worldnews365.me

Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates. _________________________________________________________________ Here is part two of the experiment. Last week I published a short prompt challenging readers to respond with their own defense or criticism of …

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Spiderchains: A Proof Of Stake Second Layer read full article at worldnews365.me

 This is an extension to my previous article series discussing the different sidechain proposals that exist. Those articles can be found here: Spacechains, Spacechain Use Cases, Softchains, Drivechains, Federated Chains, and Trade Offs Of Sidechains. Botanix Labs has proposed a completely new sidechain design recently, called spiderchains, for the purposes …

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Drivechains Are Stupid, Prove Me Wrong read full article at worldnews365.me

Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates. ______________________________________________________________ We are going to try something of an experiment today. Drivechains are being proclaimed by some as the savior of Bitcoin, the answer to all …

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How Drivechains Introduce New Incentive Dynamics to Bitcoin read full article at worldnews365.me

Despite a nice few months this summer after Burak, infamous slayer of the Lightning Network, dropped his proposal for the new second layer protocol Ark where people had a lot of discussion around different covenant proposals, drivechains are once again becoming a dominant topic of discussion. There are a large …

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How ZeroSync Hopes To Reduce The Costs Of Validating Bitcoin Nodes read full article at worldnews365.me

Using zero-knowledge proofs, ZeroSync seeks to radically reduce the computational costs of bootstrapping a fully-validating Bitcoin client. This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. Zero-knowledge proofs (ZKPs) are something that have been discussed in this space for over …

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Nostr Will Only Scale If It Can Incentivize Users To Run Relays read full article at worldnews365.me

Nostr, a rising hub for the Bitcoin neighborhood, faces some incentives challenges if it’s going to achieve vital scale. That is an opinion editorial by Shinobi, a self-taught educator within the Bitcoin house and tech-oriented Bitcoin podcast host. I’ve written an article on the basics of what Nostr is and …

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What Makes Nostr A Different Social Platform – Bitcoin Magazine read full article at worldnews365.me

Nostr has gotten a lot of attention and steam behind it since its recent addition to the list of alternative social platforms that are prohibited from promotion on Twitter. And it’s also gaining traction as it’s become clear that the Twitter buyout by Elon Musk hasn’t fundamentally changed anything about …

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Proposal To Stop Bitcoin Lightning Attacks – Bitcoin Magazine read full article at worldnews365.me

That is an opinion editorial by Shinobi, a self-taught educator within the Bitcoin house and tech-oriented Bitcoin podcast host. Channel jamming is without doubt one of the most threatening excellent issues with the Lightning Community. It presents an open mechanism to denial-of-service assault nodes on the community to forestall them …

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Statechain, Lightning Combined In Bitcoin – Bitcoin Magazine read full article at worldnews365.me

Final yr, I wrote about Commerceblock’s Mercury Wallet, an implementation of each statechains and CoinSwaps. This concurrently launched a brand new mixing software in addition to the primary pockets to implement a brand new second-layer scaling answer. The workforce constructed off of Ruben Somsen’s authentic statechain proposal with some adjustments …

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