Tag: bitcoin technology

Sep 29 2022

Bitcoin Is ‘Comforting’ And ‘Can’t Be Stopped,’ U.S. Senator Says

Bitcoin has its back covered by this American senator who believes in the potential of the crypto to bring good things to the U.S. financial sector and economy in general. Senator Cynthia Lummis may be the most prominent champion for the crypto sector in Congress. Her strong support for the cryptocurrency industry distinguishes her from her counterparts. During an interview on Hard Money...

Aug 19 2022

Nevermind The Bear: Developer Interest In Bitcoin Keeps Growing, New Study Shows

The market might be down, but developer interest in bitcoin isn’t. Since the all-time high almost a year ago, it has grown more than 8%, according to a recent study. Telstra Ventures’ data science team performed “health checks on 3 top blockchain ecosystems” and concluded that “open-source developers signal strength of web3 community.” The story here, though, is bitcoin. Which isn’t really part...

Aug 11 2022

Vinteum Will Train And Sponsor Bitcoin Developers In Brazil And Latin America

The planet needs Vinteum because “we need developers from all over the world to build this global internet-native money.” What is Vinteum? In the post announcing the organization’s existence, they describe themselves as “a non- profit Bitcoin research and development center dedicated to supporting Bitcoin developers in Brazil and the wider Latin America region. We will train and fund open source developers to work...

Aug 03 2022

Electrifying! With Stablesats, Galoy Brings The Dollar To The Lightning Network

If this works as promised, Stablesats could change the game. It could change the world, even. The new Galoy product solves a problem and an urge that the bitcoin community has had for ages. Synthetic dollars that don’t need a token or rely on a third party to work. In fact, if Stablesats works as promised it will solve the most difficult of...

Jul 03 2022

3 Lessons From The Oslo Freedom Forum: BTC Is Different – Neigut, Alden, Feinstein

The Oslo Freedom Forum offers another perspective. Seen from the standpoint of activists like these or these, t...

May 20 2022

The UK Goes Lightning: CoinCorner Offers The Bolt Card, Contactless BTC Payments

The future is now. CoinCorner's the Bolt Card is a contactless and convenient debit card that lacks a screen. The product points to the next stage in bitcoin evolution, the creation of circular economies powered by the Lightning Network. Is this card the idea that will bridge the gap between bitcoin and the general public? At the...

Apr 06 2022

Taro, Issue & Send Any Asset Through Bitcoin’s Lightning Network. Do We Need It?

The Taro protocol is the first big announcement to come out of the Bitcoin 2022 conference. With “bitcoinizing the dollar” as its target and Lightning Labs behind it, the news blew up in Bitcoin-Twitter after being strategically released the night before the event of the year kicks off. Nevertheless, notice that Taro is just a proposal so far. It has a long way...

Mar 30 2022

Ripple & Greenpeace Join Forces For Ridiculous Campaign To Change Bitcoin To PoS

Who’s Chris Larsen trying to fool? Even though the Chairman of Ripple claims that “the company is not involved in this campaign,” their latest PR stunt is as obvious as it gets. Another million-dollar attack on bitcoin, once again using the ESG angle and a set of...

Mar 15 2022

Wasabi Wallet’s CoinJoin Will Not Serve Blacklisted UTXOs. Samourai Responds

The rivalry between Wasabi and Samourai wallets rages on. That shouldn’t be the headline, though. This story is about privacy, censorship, and regulatory pressure. It all started with Wasabi’s simple announcement, “The zkSNACKs coordinator will start refusing certain UTXOs from registering to coinjoins.” Translation: the company that runs the centralized coordinator that organizes CoinJoin transactions will not let tainted...

Mar 12 2022

A Fingerprint Sensor? Concerning Details From Block’s Hardware Wallet Revealed

It was too good to be true. A fingerprint sensor will be the authentication method of choice for Block’s hardware wallet. The company revealed new details in the March update of their newsletter, and some of them weren’t well received by the community. Besides the fingerprint sensor, the...

Mar 02 2022

Bitcoin Layer 3: What Is The Impervious Browser? When Can We Expect It?

The Impervious browser is upon us. The company will launch its most ambitious product at the Bitcoin 2022 conference in Miami, on April 7th. What is it, though? And, while you’re at it, what does Impervious do? Well, the company builds “tools and infrastructure for the P2P internet.” That is, without centralized intermediaries. Related Reading |...

Feb 24 2022

Is Block About To Change Bitcoin’s Self-Custody, Hardware Wallet Game? Probably

Exciting times at the Block headquarters. In today’s world, self-custody of your coins is one of the most important things there is. And Jack Dorsey’s bitcoin-focused company knows this. That’s why Block’s Square team is building a hardware wallet, even though Nick Slaney, Product Design Engineer, thinks it’s “so much more.” In a recent Twitter thread,...

Feb 23 2022

Georgia Is Primed For Crypto Mining, Despite Its Burgeoning Power Deficit

Georgia's crypto mining economy has evolved into a global leader in recent years, largely because of low taxes and affordable electricity rates, as well as a libertarian regulatory environment. Despite its small population, Georgia contributes nearly 1% of the industry's total hash rate, according to a study by Arcane Research. Although Georgia is a non-entity in the mining sector, the country boasts abundant...

Nov 30 2021

From The Ground: Devastating Problems With The Chivo Wallet

During Bitcoin Week, reports of the Chivo Wallet stealing people’s Bitcoin reached a mainstream audience. Salvadorans have been dealing with the issue and reporting it to tech support for a while, without much luck. The international influencers that recently visited El Salvador have a much wider audience, and they are very confident that they know how to work the wallets....

Nov 23 2021

TALKING HEADS: Do You Consider The Lightning Network A Proof-Of-Stake System?

It’s time to find out what the protagonists have to say. In TALKING HEADS, Bitcoinist will ask the experts about the cryptoverse’s overarching themes and latest news. This time, we have an all-star cast that’s as diverse as the times we’re living in. Prepare to have your mind electrified by these talking heads’ ideas and reasoning. Related Reading |...

Nov 19 2021

Why Are Taproot Smart Contracts More Private? A Non-Technical Explanation

Our exploration of the new superpowers Taproot gives to Bitcoin continues. Yesterday, we defined smart contracts and covered the functionality of the Taproot-enabled ones. To summarize, Taproot gives new characteristics to Bitcoin layer one...

Nov 18 2021

Does Taproot Actually Enable Smart Contracts On Bitcoin? The Debate Rages On

Was it irresponsible of us to state that Taproot would “enable smart contract deployment”? Maybe it was. Bitcoin received its first major network upgrade since 2012, and users and publications alike are still trying to figure out what Taproot...

Nov 17 2021

Bitcoin Lightning Network Capacity Strikes New All-Time High: Factors

The rise of The Lightning Network is one of the most important stories of the year. On its back, El Salvador could adopt Bitcoin as legal tender. Bitcoin Beach’s implementation of The Lightning Network served as a use case that showed that it could be used to transact in the country as a whole. Since then, the network keeps growing day after day,...

Nov 14 2021

Taproot Is Live! The Community Reacts To Bitcoin’s First Upgrade Since 2017

Ladies and gentlemen, we live in a Taproot world. The update will enhance Bitcoin’s performance and enable smart contract deployment. Starting today, all transactions in the Bitcoin network look alike, improving privacy. It doesn’t even matter how the market reacts. It’s a great day for Bitcoin and the community is celebrating it as such, sharing information and working on what’s now possible....

Oct 29 2021

Apple’s Steve Wozniak Knows What’s Up: “There Can Never Be Another Bitcoin”

The technical genius behind Apple, Steve Wozniak AKA The Woz, visited Yahoo! Finance to talk about everything under the sun. They titled the post “Steve Wozniak on accepting crypto pitches in ‘Unicorn Hunters’,” even though only the last few minutes were about...

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