Marathon yesterday announced their Anduro layer two proposal. While there aren’t really any fundamentally new pieces or developments in the Anduro design, they do compose in slightly different ways compared to other existing sidechain systems such as RSK or Liquid/Elements. Anduro is a federated model that makes use of a …
Read More »Second EIA Survey Extension Being Pushed With Open Comment Period read full article at worldnews365.me
The current EIA Emergency Cryptocurrency Mining Facilities survey held by injunction would require monthly reporting of information from mining facility operators through July 31, 2024. This survey would require the collection of information such as the power price with the power provider, the amount of electricity available under their purchase …
Read More »Layer 2 Is Not A Magic Incantation read full article at worldnews365.me
A common chant from many in this space these days in response to any discussion of changes to the Bitcoin protocol is “Don’t mess with Layer 1! You can just build it on Layer 2!” This seems like a very logical thing to do, right? Why risk the security and …
Read More »Using DNS To Coordinate Bitcoin Payments read full article at worldnews365.me
Matt Corallo proposed a little more than a week ago a BIP for the coordination of making Bitcoin payments. Making bitcoin payments has always presented something of a challenge in terms of coordination, both on-chain and off-chain with protocols like Lightning, for different reasons. When it comes to digital systems …
Read More »DLCs Evolving To Meet Institutional Needs read full article at worldnews365.me
Discreet Log Contracts are an old concept in this space at this point, proposed by Thaddeus Dryja (co-creator of the Lightning Network protocol) in 2017. DLCs are a smart contract structure designed to address three issues with contract schemes prior to the proposal: firstly the scalability of the smart contract …
Read More »Nostr Wallet Connect: A Bitcoin Application Collaboration Layer read full article at worldnews365.me
Going into the future of Bitcoin adoption and development there is one issue of software interacting that is coming to the forefront of roadblocks developers must deal with: compatibility. As applications and protocols in this space become more complex and featureful in order to meet the needs of actual users …
Read More »Bitcoin Is Pure Anarchy read full article at worldnews365.me
Anarchy is a very dividing word to many people, inherently drawing the idea into peoples’ heads of complete and unbridled chaos. This is not on any level what Anarchy means. It is simply a system lacking rulers or a central authority, where all cooperation and coordination is done on a …
Read More »To Meme, Or Not To Meme: The CAT read full article at worldnews365.me
Is it really surprising, given that cats have essentially dominated the internet for the last two decades, that cat memes have finally taken over the Bitcoin space as well in the last few weeks? Cats are the most viral meme on the internet, so it’s not shocking in the least …
Read More »Why Is Bitcoin Censorship Resistant? read full article at worldnews365.me
One of the central value propositions of Bitcoin is that no matter what happens, if you pay a high enough fee some miner out there in the world will confirm your transaction. In other words, Bitcoin is censorship resistant. There is a very good reason that the phrase “censorship resistant” …
Read More »Don't Break Userspace! read full article at worldnews365.me
“Mauro, SHUT THE FUCK UP!It’s a bug alright – in the kernel. How long have you been a maintainer? And you *still* haven’t learnt the first rule of kernel maintenance?If a change results in user programs breaking, it’s a bug in the kernel. We never EVER blame the user programs. …
Read More »The Bitcoin Halving: Why This Time Could Be Different read full article at worldnews365.me
The fourth Bitcoin halving is almost upon us, and this one has the potential for some very interesting surprises. This halving marks the reduction of the Bitcoin supply subsidy from 6.25 BTC every block to 3.125 BTC per block. These supply reductions occur every 210,000 blocks, or roughly every four …
Read More »How CTV Can Help Scale Bitcoin read full article at worldnews365.me
OP_CHECKTEMPLATEVERIFY has once again become a focal point in the conversation about improvements to scale Bitcoin. This time around there are many more alternative designs for covenants being proposed, and actual concrete designs that make use of CTV as scaling solutions (Timeout Trees and Ark). The conversation has a much …
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