Category: Consensus

Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations

Bitcoin's Social Contract Must Be Resilient to the Whims of Future GenerationsOver the last few years, infighting and different visions has led to significant divides within the Bitcoin community, weakening the network effects no matter which chain you support. With all the arguments about scaling, privacy, consensus changes and the various forks, it is amazing that these public networks are still thriving. Nevertheless, the people who […]

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Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins

Stacks Network Plans to Leverage BTC's Proof-of-Work and Burn BitcoinsBlockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by […]

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Chatter Report: Antonopoulos on Rolling Checkpoints, Vays Defends Song’s Stance on Credit Cards

Antonopoulos on Rolling Checkpoints, Vays Defends Song’s Stance on Credit CardsIn today’s roundup of crypto chatter, Andreas Antonopoulos explains rolling checkpoints and how consensus is achieved between miners, developers, exchanges, merchants, and wallets. Chris DeRose believes new Bitcoin pundits are toxic compared to the old ones. Also, Tone Vays defends Jimmy Song’s position on using credit cards over bitcoin.   Also read: Hash Wars: A Successful BCH […]

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Cryptocurrency Conferences Continue to Thrive Despite Industry Downturn

Cryptocurrency Conferences Continue to Thrive Despite Industry DownturnOver the last year, cryptocurrency prices have dropped significantly and mainstream attention has been waning in recent months. However, according to recent data, the digital currency and blockchain conference circuit did not see a steady decline during the last six months of 2018. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations […]

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New Full Node Client ‘Bitcoin Verde’ Joins the BCH Ecosystem

New Full Node Client Bitcoin Verde Joins the BCH EcosystemBitcoin Cash (BCH) supporters were greeted on Thursday by another new full node client, library and blockchain explorer for the BCH chain called Bitcoin Verde. The creator of Verde says it is a ground-up implementation of the BCH protocol and the project has a few different aspects than the wide variety of full node clients […]

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Wendy McElroy: Don’t Smash the State, Bypass the State

Don’t Smash the State, Bypass the StateThe Satoshi Revolution: A Revolution of Rising Expectations Section 5: Saving the World Through Anarchism Chapter 11, Part 7 Crypto Justice: Don’t Smash the State, Bypass the State. The 19th century individualist-anarchist Benjamin Tucker referred to anarchism as “society by contract.” The contracts could express any exchange, from leases to prostitution, from insurance policies to drug […]

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Regulations Roundup: SEC Considers Crypto Fund Criteria, South Korea Warns Investors

Regulations Roundup: SEC Considers Crypto Funds, South Korea Warns InvestorsIn this edition of Regulations Roundup, we focus on the U.S. Securities and Exchange Commission’s (SEC) ongoing discussions with companies that are interested in setting up cryptocurrency funds. We also look at a recent warning by the South Korean financial regulator about virtual currency investments, as well as a call by the CEO of U.S. […]

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Venezuela’s Petro Copied Dash, Claims Ethereum Developer

Venezuela’s Petro Copied Dash, Claims Ethereum DeveloperAn Ethereum developer is claiming the state-backed petro (PTR) cryptocurrency, a plaything to Venezuelan President Nicolas Maduro, has taken substantial amounts of its newly published whitepaper from Dash (DASH). Indeed, at least at first glance, it does appear there are close similarities between the altcoin and the world’s first national cryptocurrency.    Also read: Bitcoin Cash […]

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Crypto-Community Debates Bitcoin Core Bug and a ‘Forced Upgrade’

Crypto-Community Debates Bitcoin Core Bug and a 'Forced Upgrade'This week the cryptocurrency community has been discussing and dealing with the critical vulnerability that was found in the Bitcoin Core (BTC) reference client. Many observers are calling the bug one of the worst issues BTC has had in years, comparing the exploit to the March 2013 mandatory hard fork. In fact, in the eyes […]

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Op-ed: The Case for Adding CTOR to Bitcoin Cash in November

Op-ed: The Case for Adding CTOR to Bitcoin Cash in NovemberThe following opinion piece on Canonical Transaction Ordering (CTOR) was written by Jonald Fyookball the lead developer of Electron Cash.  Canonical Transaction Ordering (“CTOR”) is one of the planned changes for the November 2018 Bitcoin Cash protocol upgrade. There has been quite a bit of discussion in the Bitcoin Cash community about this change. Also […]

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An In-Depth Conversation With Coinbase Engineer Josh Ellithorpe

An In Depth Conversation With Coinbase Engineer Josh EllithorpeThere’s been a lot going on within the crypto-ecosystem and this week news.Bitcoin.com chatted with Josh Ellithorpe, Senior Software Engineer at Coinbase. Ellithorpe explains to our readers how he got into bitcoin and about when he eventually joined the San Francisco-based cryptocurrency firm about a year and a half ago. The software developer is also […]

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Student Faces Charges for Stealing $5 Million in Crypto via “SIM Jacking”

Student Faces Charges for Stealing $5 Million in Crypto via "SIM Jacking"Motherboard has reportedly obtained court documents pertaining to the arrest of Joel Ortiz, a 20-year-old from Boston, who is accused of stealing $5 million USD in bitcoin and other cryptocurrencies. Mr. Ortiz and his currently unidentified accomplices stole crypto from roughly 40 victims through a hacking technique known as “SIM jacking.” Also Read: Archaeologists Argue Micronesian […]

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Bitcoin Cash Developers Debate an Idea Called Pre-Consensus

Bitcoin Cash Developers Debate an Idea Called Pre-ConsensusThis past Thursday, the lead developer of Bitcoin ABC, Amaury Séchet, published a paper on the social media platform Yours.org about a protocol technique called ‘pre-consensus.’ According to Séchet, and other BCH developers like Bitcoin Unlimited’s Peter Rizun, pre-consensus could improve block propagation time, benefit zero-confirmation reliability and help delegate decisions tethered to consensus conditions. […]

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PR: SoPay – Blockchain Payment Platform Lists on Three Major Exchanges to Create Digital Assets “Alipay”

SoPay - Blockchain Payment Platform Lists on Three Major Exchanges to Create Digital Assets “Alipay”SoPay has announced its arrival in three exchanges (CoinEx, Gate.io and BCEX) with an emphatic announcement of the trading contest that will feature 30 million SOP tokens.

SoPay is a new blockchain payment platform that brings a disruptive experience in the money market. Also, it has innovative operating models that it wants to leverage to make the digital asset trading environment more convenient.

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Omni Layer Fork Called ‘Wormhole’ Debuts for Bitcoin Cash

Omni Layer Fork Called 'Wormhole' Debuts for Bitcoin CashAccording to a report on the social media platform Yours.org, software developers associated with the mining giant Bitmain plan on launching a smart contract protocol for the Bitcoin Cash (BCH) network. The project called ‘Wormhole’ will utilize the increased data-carrier-size and OP_Return transactions alongside a protocol based on the Omni Layer project. Also read: Group or […]

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Why Governance is the Greatest Problem That Blockchains Must Solve

Why Governance is the Greatest Problem That Blockchains Must SolveA chain is only as strong as its weakest link, and in a blockchain that link lies in the form of its founders. Getting nodes to achieve consensus is easy compared to the difficulty of getting humans to achieve consensus. The greatest challenge that new blockchains must solve isn’t speed or scaling – it’s governance. […]

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Blockchain Conferences Are the New Music Festivals

Cryptocurrency conferences provide a chance to absorb seminars, panel discussions, and keynote speeches from leading industry figures, and to conduct business face-to-face. At least that’s their official purpose. Unofficially, they’re an experiential extravaganza that puts some of the world’s most famous music festivals to shame. Also read: Japan’s GMO Upgrades Margin Services, Launches Wallet and In-Game […]

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DOJ Crypto Investigation Tanks Prices, Fundstrat Welcomes Adult Supervision

DOJ Crypto Investigation Tanks Prices, Fundstrat Welcomes Adult SupervisionInvestigations are all about the crypto ecosystem, but a recent report regarding a US Department of Justice price manipulation crackdown was widely said to be the cause of market caps falling, and by a lot. Fundstrat, the ecosystem’s favorite financial professional crypto bull, is on record as welcoming government regulation, what it calls “adult supervision.” […]

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