Category: N-Technology
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Without a True Two-Way Peg No ‘Real’ Sidechain Exists, Says Drivechain Creator
[youtube https://www.youtube.com/watch?v=9pyVvq-vrrM&w=560&h=349] On April 17, the founder of the Drivechain project, Paul Sztorc, published a new blog post concerning the validity of today’s so-called ‘production sidechains.’ Sztorc has declared on multiple occasions that true sidechain technology hasn’t been invented yet and even Blockstream’s Liquid protocol, dubbed “the first production sidechain,” in a critical sense is…
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Last Will Platform Allows Your Loved Ones to Inherit Your BCH
On April 10, software developer Karol Trzeszczkowski launched a platform called the Last Will, a smart contract program for the inheritance of bitcoin cash (BCH). The Last Will protocol is an Electron Cash plugin that allows users to create and manage BCH endowments. Also read: How to Easily Find Businesses That Accept Bitcoin Cash Near…
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Xthinner Protocol Tested on BCH Mainnet Shows 99% Block Compression
On April 8, BCH developer Jonathan Toomim revealed how far he’s come with the Xthinner block compression protocol. Toomim tested the platform between two Bitcoin ABC full nodes on the BCH main network and a 363 kB block was compressed down to 1,660 bytes, or 99.54% compression. Also read: Uyen T Nguyen: The Powerful Young…
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Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees
Over the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.” Also…
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Bitmain Releases Equihash Miner 3x More Powerful Than Its Predecessor
Bitmain, the Beijing-headquartered cryptocurrency mining giant, has officially released the Antminer Z11 machine on Tuesday, March 19. The new device is designed to mine coins that are based on the Equihash proof-of-work algorithm such as the privacy-focused altcoin zcash (ZEC). Also Read: In the Daily: Cryptopia Resumes Trading, US Crypto Lobbying Intensifies, Visa Crypto Job…
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How to Create Your Own Decentralized Prediction Market
The decentralized web is hard to use, complain its critics. And to be fair, they’ve had a point up until recently. With improved UX and new layer two solutions built on top of Web3 protocols, however, interacting with these technologies is getting easier. This is particularly evident in the case of prediction markets, where new…
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Artificial Intelligence and Cryptocurrency: Separating Hype from Reality
Pick an industry – any industry – and you can virtually guarantee that AI will have been hailed as its next big thing. The cryptocurrency sector is no different, with many of 2017’s ICOs shoehorning the concept into their whitepapers somewhere in a bid to appear “cutting edge” and in touch with the zeitgeist. But…
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Crypto Users Are Still Scared to Pay With Bitcoin in 2019 — FIO Protocol Aims to Fix That
[youtube https://www.youtube.com/watch?v=JXMpyuoBvGw&w=560&h=349] Over the last few months, a number of cryptocurrency wallet and exchange providers have joined the Foundation for Interwallet Operability (FIO). The foundation aims to improve digital currency operability because it believes the user experience (UX) for cryptocurrencies is poor and the majority of wallets cannot handle payment requests between wallets. On March…
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Ledger Reveals Physical Exploits Against Trezor Hardware Wallets
[youtube https://www.youtube.com/watch?v=c0iEg42aAhk&w=560&h=349] The battle of the hardware wallets is heating up. At this weekend’s MIT Bitcoin Expo in Boston, Charles Guillmet, Chief Security Officer of Ledger, presented a number of physical attacks that could be executed against Trezor hardware wallets. He also outlined an attack on their rival’s device that Ledger has refrained from making…
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A Forensic Analysis of Blockchain Surveillance Companies
Blockchain analysis is big business. The U.S. government alone has spent $6 million on transaction mapping tools, while cryptocurrency exchanges routinely partner with compliance companies that promise to track and trace the origin of customer funds. Hated by many bitcoiners, blockchain forensics is a controversial field with a plethora of players. The following analysis shines…