Tag: technical

Sep 13 2021

Bitcoin Core 22.0 Explained

The Van Wirdum Sjorsnado has rebranded, and is now called Bitcoin, Explained!Watch This Episode On YouTubeListen To This Episode:...

Bitcoin Core 22.0 Released: What’s New

Bitcoin Core developers release first software with Taproot supportToday marks the official release of Bitcoin Core 22.0, the 22nd major release of Bitcoin’s original software client launched by Satoshi Nakamoto almost 13 years ago.Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed by well over...

Sep 12 2021

Delegated Proof-of-Stake: Can We Be Free Under A Benign Master?

The consensus mechanism used by Bitcoin is the only way to ensure true lasting freedom.Delegated proof-of-take (DPoS) is a fundamentally different consensus protocol from proof-of-ork (PoW). The difference between the two presents itself in the kind of freedom they promote; while DPoS is freedom under a benign master, PoW is freedom from domination.What Is Freedom?Freedom can be understood in...

Sep 10 2021

Why The Bitcoin Lightning Network Doesn’t Work (Yet)

Although the technology is promising, this article hopes to address the flaws that are present.So I guess I should start this off with a disclaimer: I actually love the Lightning Network. It’s one of my favorite parts of the Bitcoin protocol stack and I’ve followed it pretty closely for years. If Lightning didn’t exist, I would still own Bitcoin, but I would...

Aug 28 2021

A Gentle Introduction To The Lightning Network

Often seen as the path forward for Bitcoin’s scalability, this is a simple description of the Lightning Network.*This article assumes the reader already has a basic understanding of the Bitcoin protocol, as well as how nodes, users and miners interact within it.Bitcoin is extremely secure, but this initially came at a trade-off: It’s slow. On its base layer, there’s no getting...

Aug 19 2021

Should The Bitcoin “Dust Limit” Be Removed

Aug 19 2021 Published at Bitcoin Magazine under tags  bitcoin optech technical

Should the “dust limit,” which denies Bitcoin transactions below a certain output value, be removed?The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up- to-date with Bitcoin, we're republishing the latest issue of this newsletter below. Remember to...

Aug 13 2021

Explaining Basis Of Lightning Technology (BOLT) 12

Explaining Lightning Network specification BOLT 12 and how it works with the Bitcoin Layer 2 protocol.Watch This Episode On YouTubeListen To This Episode:...

Aug 11 2021

New Implementation For Bitcoin Mixing Service CoinJoin Improves Sybil Resistance

This week’s Bitcoin Optech newsletter details a JoinMarket implementation improvement for CoinJoin bitcoin mixing and more.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of this newsletter...

Aug 04 2021

Bitcoin Optech #160: Preparing For Taproot And More

Aug 04 2021 Published at Bitcoin Magazine under tags  bitcoin optech taproot technical

This week’s Bitcoin Optech newsletter details how to prepare for Taproot, releases and changes to Bitcoin infrastructure projects.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of this...

Jul 30 2021

Hardware Bitcoin Security And Blockstream’s Jade Wallet

Two hands-on hardware wallet developers discuss bitcoin custody and its technicalitiesWatch This Episode On YouTubeListen To This Episode:...

Jul 28 2021

Bitcoin Optech #159: Stack Exchange And Taproot

Jul 28 2021 Published at Bitcoin Magazine under tags  bitcoin optech taproot technical

This week’s newsletter features regular sections like Bitcoin Stack Exchange Q&A; and the latest column about preparing for Taproot.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of this...

Jul 21 2021

Protecting Your HODL Legacy: Shamir Backups And Inheritance Planning

Awareness of one's own mortality is a sign of maturity, as is the recognition of the critical importance of securing one’s bitcoin.At the height of the 2017 bull run, I came across a sobering post. It went something like this: there was a young man who acquired about 20 bitcoin early on. As the price went from $1,000 to almost $20,000 over...

Bitcoin Optech #158: Why Wallets Should Wait Before Generating Taproot Addresses

This week’s newsletter discusses changes to services and client software and why wallets should wait before generating Taproot addresses.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of...

Jul 16 2021

The Bitcoin Beach Wallet Special

In this episode of “The Van Wirdum Sjorsnado,” host Aaron van Wirdum speaks with Bitcoin Beach Wallet developer Nicolas Burtey.Watch This Episode On YouTubeListen To This Episode:...

Jul 15 2021

BlueWallet Releases New Mobile Lightning Dev Kit Implementation

BlueWallet’s new mobile-focused Lightning implementation based on the Lightning Dev Kit brings convenient features to its users.BlueWallet, a bitcoin wallet focused on usability and user experience, has announced its new mobile...

Jul 14 2021

Bitcoin Optech #157: Proposed New Opcodes And Wiki Pages

Jul 14 2021 Published at Bitcoin Magazine under tags  bitcoin optech opcode technical

This week’s newsletter contains a summary of a discussion on a proposed new opcode, links to updated wiki pages and more.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of this...

Jul 07 2021

Bitcoin Optech #156: BIPs, Standards Documents And More

Jul 07 2021 Published at Bitcoin Magazine under tags  bips bitcoin optech technical

This week’s newsletter describes BIPs for output script descriptors, standards documents for LN Protocol interoperability, and more.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of this...

Jul 02 2021

Discussing Lightning Network Routing

In this episode of “The Van Wirdum Sjorsnado,” the hosts are joined by Lightning developer Joost Jager to discuss Lightning Network routing.Watch This Episode On YouTubeListen To This...

Jun 30 2021

Bitcoin Optech #155: Proposed BIPs And Bitcoin Stack Exchange

Jun 30 2021 Published at Bitcoin Magazine under tags  bip bitcoin optech technical

This week’s newsletter describes two proposed BIPs related to wallet support for Taproot, and features Q&A; from Bitcoin Stack Exchange.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of this...

Jun 27 2021

So, What Are Bitcoin Miners Actually Doing?

Jun 27 2021 Published at Bitcoin Magazine under tags  asic miner mining technical

Let’s take a deeper look at what may appear as a magical process: bitcoin mining.An Overview Of What Bitcoin Miners Are Actually DoingThis article, to a degree, builds upon my previous one.Before we peer under the hood, let’s look quickly at how miners have evolved.At first, the mining difficulty level was...

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