Tag: taproot

Oct 17 2022

Using Taproot And FROST To Improve Bitcoin Privacy

A group of developers in Malaysia are working to incorporate FROST and Taproot to create federated Chaumian mints with the Fedimint protocol.This is an opinion editorial by Dan Gould and Nick Farrow. Gould is a developer who worked on TumbleBit, PayJoin and Chaincase App and has been sponsored by Human Rights Foundation and Geyser Grants. Farrow is an Australian Bitcoin engineer best...

Sep 28 2022

Developers Can Now Issue Assets Like Stablecoins On Bitcoin

Taro daemon's alpha release on testnet enables developers to test issuing, sending and receiving assets like U.S. dollar stablecoins on Bitcoin.Lightning Labs on Wednesday released the first version of the Taro open-souce software to enable minting, sending and receiving assets on the Bitcoin blockchain.Taro daemon’s alpha release...

Jul 05 2022

Despite The Price, Great Things Are Happening In The Bitcoin Ecosystem

Though the bitcoin price is bringing the overall sentiment down, many exciting things are happening in Bitcoin that will make this price drop temporary.This is an opinion editorial by Adam Taha, a host of a Bitcoin podcast in Arabic and a contributor at Bitcoin Magazine.The current bear market is on everyone’s minds. Doom and gloom are in every chart and metric....

Jun 10 2022

Reviewing Privacy-Enhancing Proposals For Bitcoin

Reviewing Bitcoin’s history of proposed privacy improvements can help us learn from the past and keep up with new improvements as we go.A version of this article was originally published on sethforprivacy.com.Ragnar Lifthrasir...

Apr 27 2022

Adversarial Thinking And Ways To Attack Bitcoin

A group of Bitcoin Core developers discussed various attack vectors for Bitcoin as well as ways to plan ahead and circumvent nefarious actors.Bitcoin 2022, hosted in Miami, Florida, on April 6-9, featured a panel titled “...

Apr 26 2022

The Release Of Bitcoin Core 23.0

The newest update to Bitcoin’s main reference implementation was recently released. The hosts of “Bitcoin, Explained” give important context for the change.Watch The Episode on YouTubeListen To The Podcast...

Apr 25 2022

Bitcoin Core 23.0 Released: What’s New

The newest version of Bitcoin’s original software launched by Satoshi Nakamoto in 2009 brings improvements on privacy, security and user experience.A new version of the original Bitcoin software client launched by Satoshi Nakamoto has been released today.Bitcoin Core 23.0 was worked on by 132 developers over about seven months to bring tangible improvements to Bitcoin Core’s wallet, peer-to-peer...

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...

Apr 05 2022

How Taro Brings Assets To Bitcoin Through Taproot And Lightning

Taro, a new protocol proposed by Lightning Labs, leverages Taproot and the Lightning Network to bring new assets and scalability to Bitcoin.Lightning Labs has introduced a new protocol proposal for Bitcoin and the Lightning Network, Taro, which seeks to bring new use cases to the network. The company has published a...

Feb 26 2022

Should The Bitcoin Taproot Soft Fork Be Buried In The Code Base?

Bitcoin Core developers are considering “burying” the Taproot soft fork, to help developers when reviewing the code, but it could have unintended consequences.Watch This Episode on YouTube...

Feb 11 2022

BitMEX Adds Bitcoin Taproot Support

Feb 11 2022 Published at Bitcoin Magazine under tags  bitcoin bitmex business news taproot

Users of the trading platform can now save in fees by withdrawing their funds into Taproot addresses.BitMEX has added support to Taproot, Bitcoin’s latest upgrade.As Taproot adoption increases, users will benefit from increased privacy, reduced transaction fees, and more flexible smart contracts.Taproot was activated on the Bitcoin protocol on November 14, 2021 at block 709,632....

Jan 29 2022

How Lightning Network, Taproot Growth Signal The Future Of Bitcoin

The first day of Keyfest 2022 highlighted the growth of the Lightning Network and Taproot, and reflected on the future of Bitcoin.The first day of Keyfest 2022, a virtual Bitcoin conference hosted by Casa, was focused on the future of Bitcoin — exciting applications currently being developed and others that are growing in user base — and the continued growth of...

Jan 15 2022

JoinMarket Lead Adam Gibson Sees A Bright Future For Bitcoin Mixing

Adam Gibson, aka Waxwing, is the lead maintainer for one of Bitcoin’s most prolific CoinJoin projects. And he sees a bright future for transaction privacy.In a recent interview with Adam Gibson, aka Waxwing, lead JoinMarket maintainer and expert on CoinJoining, we talked about the...

Dec 26 2021

Bitcoin Had Its Best Year Ever In 2021

Bitcoin saw many highlights in 2021, its greatest year on record.“The sharp increase in inflation over the past year has blindsided many economists. Almost no one saw it coming.”–The Economist, November 2021For me, this headline sums up the fiat clown world of 2021. For Bitcoiners, “brrr” has summed up...

Dec 25 2021

Reflecting On The Year In Bitcoin: Our Progress And What We Take For Granted

The progress that the Bitcoin community made in 2021 reminds us to take nothing for granted, and to make the changes we want to see next year.Society has been taking a lot of things for granted, and arguably this is why we’re here now. The globe is filled with overly-panicked populations, governments are conducting...

Dec 10 2021

How Taproot Brings Major Benefits To Bitcoin Hardware Wallets

While we’ve explored Taproot before, here we pay particular attention to how the upgrade will impact hardware wallets.Taproot recently activated on Bitcoin’s mainnet. The inclusion in Bitcoin’s protocol, however, is only the first step in actually reaping the benefits of Bitcoin’s latest upgrade. “It's been a long story that started in a diner in Los Altos, CA where Greg...

Dec 07 2021

Upgrading The Behemoth That Is The Bitcoin Blockchain

Bitcoin has undergone many improvements over the years — and not without its share of controversy.The BehemothThe Behemoth, a primeval, "unconquerable beast" in the biblical book of Job. Though largely considered a myth, this beast was said to be over 300 feet in height and weighed over 80,000 metric tons. As is to be expected of such a ginormous creature, its...

Dec 02 2021

JoinMarket Vs. ZeroLink And The Road To Decentralized Bitcoin Privacy Through CoinJoin

While ZeroLink CoinJoin implementations are generally more popular, the JoinMarket project has potential to offer decentralized and truly private Bitcoin mixing.When they hear the word "CoinJoin," the first things that pop into many relatively-new Bitcoiners’ heads are probably the ZeroLink implementations Wasabi Wallet and Samourai Wallet. In the last few years,...

Dec 01 2021

Bitcoin Mining Stocks Beat BTC Two-To-One in 2021 ROI

Believe it or not, in 2021, Bitcoin mining stocks have outperformed the king of cryptocurrencies. This crowns the phenomenal year the whole Bitcoin industry has had. However, consider Arcane Research’s warning, “an investment in mining companies carries a much higher risk than an investment in bitcoin...

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...

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