Ben Carman

Blog Info Bitcoin Magazine
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Stats Has written 4 posts about cryptocurrency

Jun 12 2021

Taproot Activation Brings Massive Upgrades To Bitcoin

Taproot brings new optimizations to security and usability to the Bitcoin network as the activation is locked in.By the time this is published, Taproot will be locked-in for activation. This means that on block 709,632 (mid- November 2021), the new rules defined by a series of Bitcoin Improvement Proposals (BIPs) will be activated and start being enforced. This is a momentous achievement for...

Apr 13 2021

Using Discreet Log Contracts To Attack Bitcoin Forks

Apr 13 2021 Published at Bitcoin Magazine under tags  discreet logs dlcs forks technical

Currently, various factors disincentivize attacks of minority chains; DLCs might create a workaround that returns the incentive to these attacks.Currently, there are many blockchains with miniscule amounts of hash power compared with Bitcoin’s, and yet, they rarely see attacks. I believe that this is because of external factors that prevent miners from taking advantage of this potential revenue stream. Discreet...

Jan 12 2021

The Future Of Bitcoin Upgrades: Off-Chain Contract Execution

Taproot is currently the most likely next upgrade for Bitcoin. It is one of a few upgrades that are currently being worked on that users and developers would hope to eventually see activated on the network. All of these upgrades share a general theme that will likely be the theme of many future upgrades as well. This theme is making contracts unicast, or...

Sep 16 2020

DLCs Are On Bitcoin, Bringing New Functionality And Major Potential

Sep 16 2020 Published at Bitcoin Magazine under tags  dlcs smart contracts suredbits

Bitcoin has been critiqued by those in the altcoin community for the past few years over its inability to host smart contracts. But recent work from developers at Suredbits, Crypto Garage and Atomic Loans — along with efforts from some independent contributors — on Discreet Log Contracts (DLCs) is bringing smart contracting to Bitcoin and will quell some of these critics. DLCs are...

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