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A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Are Bitcoin users finding more use in its tokenized form?
This post was originally published on this siteThis post was originally published on this siteBitcoin has been one cryptocurrency that has been constantly in demand. Recently, Bakkt Bitcoin futures marked an all-time high in the physically settled Bitcoins, while the tokenized version of Bitcoin has been peaking in decentralized finance [DeFi]. Even though the spot market may appear dull at the moment, […]
“Today we release Privacy-o-meter — a tool for Bitcoin users and developers to assess the privacy level of their transactions. Many of you have heard about blockchain surveillance companies. Privacy-o-meter is the first step to defend yourself against heuristics they use.”
@Reuters: Africa’s quiet bitcoin boom: Cryptocurrency is helping some small businesses become more profitable, according to #bitcoin users interviewed by @Reuters from five countries on the continent https://t.co/RbgAPprbla by @alexisak https://t.co/B2nSF3v4bl
Bitcoin protocol has a rule that allows you to spend unconfirmed transactions one after another no more than 25 times. When you try to spend utxo (unconfirmed transaction) 26 times (one chain utxo's), an error appears - the long mempool chain. This is the protocol of bitcoin and we can not do anything with it. Imagine a situation in which the sender wants to freeze the funds of the recipient for an indefinite time for some reason. In this case, he waits for a large load on the network (more than 30k transactions) and makes 24 transactions in the perimeter of his wallet with a commission of 1 / Satoshi bytes. Then he transfers the payment № 25 to the recipient with a commission of 1 / Satoshi bytes. The recipient’s money will be frozen until the network is unloaded. During this time, the attacker can take some action. I don’t know which ones yet. Maybe someone comes up with ideas. I understand that this attack is extremely unlikely for ordinary users. But still interestingly, is it possible to use it somehow? For example, if an attacker knows the recipient and knows where his hardware wallet, PC, smartphone (compromised with passwords). And after sending the funds to the recipient, the attacker will steal them with confidence that the recipient will not be able to send them anywhere within a week or even more. Please comment it, maybe I missed something.
The Bitcoin network has achieved a few new milestones during the last week, as the price has remained above the $10k range for a record 66 consecutive days. Meanwhile, the network has surpassed 18 ... One of the most optimistic predictions is that by 2030, Bitcoin’s price will reach $500,000 and, judging by past levels of growth, the number of users can increase to 400 mln. #Bitcoin #Charity Bitcoin was able to hit $10,800 Tuesday before falling on U.S. Pres. Donald TrumpÃ¢Â Â s stimulus tweet. Meanwhile, the DeFi ecosystemÃ¢Â Â s most popular wallet hit 1 million users. However, most bitcoin users have several bitcoin wallets and use multiple wallet addresses to increase their financial privacy when transacting in bitcoin. Hence, the total number of bitcoin users must be less than 42 million. 34 Percent Active Users. The number of people who use bitcoin actively has also increased. Bitcoin Users Leery of Tor: 23% of the Network’s Exit Capacity Compromised Hackers are stealing bitcoin through the large-scale use of malicious relays on the Tor network according to a newly ...
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