Posts in category

Scalability


Lightning isn’t just a big hit with developers, the promising bitcoin technology is now attracting a little attention from investors. Acinq, one of the leading startups working on the lightning network, a top-level layer aiming to boost the number of transactions bitcoin can support, has closed a $1.7 million funding round led by Serena Capital, with …

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One of the founders of the cypherpunk movement has just revealed new technology that he believes will revolutionize cryptocurrency from this moment on. Revealed exclusively to CoinDesk, the grey-haired, digital money pioneer David Chaum is launching a new cryptocurrency Elixxir via his startup. And his goals are bold. By using cryptographic techniques he invented decades …

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Those running lightning nodes are earning a little extra bitcoin. Trumpeted as a way to scale bitcoin to handle mainstream adoption, there’s a lesser-known perk to spinning up a lightning node to allow users to send cheap, instant payments – you can make money. To be clear, we’re not talking very much. Today’s average fee …

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PayPal 2.0? That may have been a rallying cry for early bitcoin believers who saw the cryptocurrency as a superior form of payment, but excitement tapered off as bitcoin ran up against technical limitations. Yet, the idea may now be coming back in vogue – apps being built on the layer-two technology lightning network, which this …

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Happy birthday, bitcoin cash. Tuesday marks the one year anniversary of the first block on the crypto protocol that split from the bitcoin network, now the fourth largest by total value, after a years-long disagreement about the course the cryptocurrency should take. For supporters, the main goal for the competing protocol was increasing the block size …

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Before my one and only “mon” reached level 4, I was out of ether. Such was the end result of my first experience with Etheremon, a game inspired by Pokemon and built on the world’s second-largest blockchain, ethereum. I had around $15 worth of ether to spare, so I decided to try it out, eventually arming …

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Schnorr is coming… In fact, the bitcoin upgrade arguably took its most significant step yet toward implementation last week when influential developer Pieter Wuille unveiled a draft outlining its technical makeup. With the release, the idea, one that’s been in the works by bitcoin developers for years, is one step closer to improving the scaling and …

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“[I’m] very much waiting for you guys to finish in a sea of shitcoins.” With that, pseudonymous forum user ‘Monkeyyy’ just might have summed up the sentiment surrounding a forthcoming cryptocurrency called “grin.” Rising to renown last year as the first software implementation for a code proposal known as MimbleWimble, the idea is to start a new …

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A blockchain without the blocks? Not exactly, but a company launching Wednesday called O(1) is seeking to take the unorthodox approach of throwing out the blocks its new Coda protocol produces as soon as they elapse. While that might seem illogical since blockchain’s immutable history is to many its principal benefit, an impressive line-up of investors …

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Bitcoin cash’s next software upgrade may be even more ambitious than its first – and that’s no small feat given last time it broke off from bitcoin in acrimonious fashion. In fact, the update, announced in November and slated for May 15, packages together a number of features that all seem about helping the network …

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The Slavic god of lightning, Perun, is entering the ethereum ecosystem (in spirit at least). Inspired by bitcoin’s lightning network, a group of researchers hailing from Warsaw have unveiled a new white paper entitled “Foundations of State Channel Networks,” which outlines a protocol designed to help ethereum scale to support higher volumes of more complex smart contracts. …

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One of the technical mechanisms that has helped earn bitcoin comparisons to cash is on the verge of a major update. Called “coin selection,” the term refers to the algorithm that today decides which bits of data come together to create a user’s transaction Essentially, the coin selection code replicates the process of giving a …

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Could adding a new fee help preserve ethereum in the long term? It’s a contentious statement in light of the debates ongoing across blockchains over how and when users should pay to support what amount to global computing networks. However, the concept is now gaining notable momentum on ethereum, most recently from the creator of the …

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According to a group of researchers, cryptocurrency users are a bunch of free-loaders. Well, maybe they wouldn’t go that far, but they argue users aren’t paying for certain data they should be paying for, and in turn, are putting the growth of blockchain networks at risk. At least that’s the finding put forth by a new …

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A lesser-known cryptocurrency with a unique approach to decentralized payments is hopping aboard the Lightning bandwagon. Making strides on an ambitious roadmap released earlier this year, the non-profit behind the cryptocurrency Stellar has released a formal specification describing how and when it plans to adopt the transaction tech originally invented for bitcoin, in the process …

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A TechStars-incubated startup has launched what looks like the first production-ready platform designed to increase the capacity of ethereum. Called Loom Network, the little-known company is today releasing a developer toolkit that makes it possible to deploy scalable ethereum apps on the second-largest cryptocurrency network, effectively leapfrogging ongoing efforts such as Raiden Network and Plasma. For …

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A woman peers out from a watchtower. Below her hundreds of people are walking the streets of a bustling marketplace. She has one power: If a vendor tries to cheat a buyer or vice versa, she pushes a button, instantly notifying the innocent party. Once the swindle is known, the victim can zap the cheater, …

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Segregated Witness (SegWit) is special. And it’s not just because the bitcoin code change is focused on scaling the network (it is), or that it paves the way for a new layer for the tech that’s potentially faster and cheaper (it does). Finally activated last August after months of controversy, SegWit is now spurring developers to …

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A cryptocurrency modeled after a dog meme is proving yet again it’s not just a joke. Created on a whim in 2013, dogecoin isn’t simply still around, it’s playing a crucial role in the ongoing testing of at least one “serious” technology. In fact, on February 5, it notably factored into an experiment that successfully showcased …

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The researchers behind the SPECTRE and GHOST distributed ledger projects have proposed a new blockchain scalability proposal. Called PHANTOM, the protocol claims to provide transaction confirmation that is “secure under any throughput that the network can support” – smart contracts included. Yonatan Sompolinsky and Dr. Aviv Zohar outlined the new protocol in a paper published this week, building …

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