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    BTC 3 experts on 3 ways to compare crypto assets

    June 03, 2020

    BTC 3 experts on 3 ways to compare crypto assets

    3 experts on 3 ways to compare crypto assets

    Posted: 03 Jun 2020 03:06 AM PDT

    In Australia Bitcoin Cash is king - The May BitcoinBCH report recorded just one (1) Bitcoin TX and zero (0) LN TX across the nation's dying fleet of "over 400 BTC stores

    Posted: 03 Jun 2020 12:24 AM PDT

    I just got it.Its awesome

    Posted: 02 Jun 2020 10:12 AM PDT

    BitMEX Bigget short squeeze after BTC surge

    Posted: 03 Jun 2020 01:25 AM PDT

    r/Bitcoin Deception: Mods Removed Positive Coinbase Comment

    Posted: 02 Jun 2020 01:27 PM PDT

    Did i just lost my 'Bitcoin SV' by moving my 'Bitcoin Cash'?

    Posted: 03 Jun 2020 01:38 AM PDT

    I think i made a costly mistake, i used the 'Electron Cash' App sweep some paper wallets and moved all the BCH from those wallets. This went without a problem. Than i tried to move the 'Btcoin SV' from the same paper wallets but it seems like they already where moved.

    ​

    I think i forgot to split the bch/bsv first. Are the bsv lost forever?

    ​

    Thanks in advance,

    submitted by /u/Bitc0iNRevolution
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    We don't seem to be alone in the whole idea of Bitcoin's scaling, so why don't we "alt-coins" work together, and contribute to each others' projects instead of saying [our coin] is the best coin, while others are shitcoins?

    Posted: 02 Jun 2020 09:33 PM PDT

    I have been looking through Reddit, and I find that a lot of us, even apart from the Bitcoin Cash community want to bring economic freedom, digital cash, and privacy to the world, and that's how currencies like Dash, Decred, Monero, Digibyte, and Nano came into existence. I think one of the interesting things about the whole crypto community is that all of these other cryptocurrencies were created because BTC didn't scale. I read the story behind Decred (and why it was made), and they don't seem to be too far off from our vision. They also acknowledged how the core developers changed the narrative of Bitcoin being "digital gold". I also read a bit about Dash, and it's in the name (digital cash). I think their purpose is clear too. Monero seems to also be another interesting project, though I haven't read up on it, and I feel like Nano also has a lot of potential.

    ​

    I understand that we think that our own coin is better, but that doesn't mean that others are bad, and I think that's why working together can have some real potential for the future of the economy, and cryptocurrency as a whole. Maybe we should shift our focus from just "shilling" our own coin, and focus more on helping other coins (along with ours) reach their potential too.

    ​

    Just a thought.

    submitted by /u/1MightBeAPenguin
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    The Blockchain.Poker Chronicles #3

    Posted: 02 Jun 2020 09:26 PM PDT

    @chris.troutner/bch-js v3.0.1 JavaScript library released.

    Posted: 02 Jun 2020 11:15 AM PDT

    The hypocrisy is unreal

    Posted: 02 Jun 2020 07:08 AM PDT

    Why I have ZERO respect for the police

    Posted: 02 Jun 2020 08:20 AM PDT

    Bitcoin ABC 2020 Fundraiser Reaches Halfway Mark, Will Continue

    Posted: 02 Jun 2020 03:15 PM PDT

    Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex Exchange

    Posted: 02 Jun 2020 07:49 PM PDT

    BTC Ratio

    Posted: 03 Jun 2020 03:19 AM PDT

    With how restricted BTC is, what do you guys think the ratio will be, 30 days, 60 day or 1 year from now?

    submitted by /u/Bilalzahid26
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    What determens the size of BCH transactions?

    Posted: 02 Jun 2020 09:59 PM PDT

    I have done a few transactions with BCH and the size of the transactions are between 160b and 3.1kb. The highest fee i have ever payed is still only $0.02, but i was wondering what makes a transaction big or small?

    submitted by /u/Ivaylo12
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    Myths & Facts On Bitcoin

    Posted: 03 Jun 2020 01:40 AM PDT

    "200,000,000 #USDT (200,009,427 USD) printed at Tether Treasury"

    Posted: 02 Jun 2020 06:05 AM PDT

    US Law Enforcement Promises $5M for the Capture of Venezuela's Superintendent of Cryptocurrencies

    Posted: 02 Jun 2020 10:17 AM PDT

    CoinMarketCap Introduces Algorithmically Ranked Crypto Trading Pairs to Eradicate Volume Inflation

    Posted: 03 Jun 2020 12:09 AM PDT

    CoinMarketCap, a leading crypto data tracker, has gone a notch higher by presenting a new ranking system based on an innovative algorithm powered by machine learning. According to the company's blog post, this new approach will enable users to make more profound trading decisions when it comes to market pairs.

    The transition from a single metric system

    The new approach presented by CoinMarketCap seeks to revamp its current single metric ranking network to a combined one that will handle at least 22,000 market pairs covering more than 5,500 cryptocurrencies.

    The crypto data site intends to eliminate the volume inflation problem that has been ruffling feathers in the crypto space because exchanges have been accused of increasing trading volumes to show more legitimacy.

    The instruments to be used will be algorithmically scored based on elements like liquidity, volume, and a user base estimate for different crypto exchanges. These factors are expected to give a more comprehensive picture of every market pair for better decision-making.

    CoinMarketCap is also introducing a confidence indicator to show its trust level in the trading volumes given by various exchanges for a given pair. Presently, it offers perpetual swaps markets in derivatives.

    Availing trustworthy trading markets

    CoinMarketCap seeks to offer a more credible and cost-effective platform by revamping its current market pairs ranking system.

    According to the announcement, "If you want to buy Bitcoin with euros (i.e., BTC/ EUR market pair), how do you determine which exchange is offering you the best price while showing you legitimate trading volumes?"

    The new ranking system is seen as a perfect answer, and it is to be set at default for all cryptocurrency trading pairs.

    This development comes nearly two months after CoinMarketCap was acquired by Binance, a reputable crypto exchange, for an undisclosed fee, but it was previously reported to be $400 million.

    submitted by /u/kealenz
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    Tether prints millions, time to move the markets!

    Posted: 02 Jun 2020 07:31 AM PDT

    ECDSA In Bitcoin

    Posted: 02 Jun 2020 01:53 PM PDT

    Digital signatures are considered the foundation of online sovereignty. The advent of public-key cryptography in 1976 paved the way for the creation of a global communications tool – the Internet, and a completely new form of money – Bitcoin. Although the fundamental properties of public-key cryptography have not changed much since then, dozens of different open-source digital signature schemes are now available to cryptographers.

    How ECDSA was incorporated into Bitcoin

    When Satoshi Nakamoto, a mystical founder of the first crypto, started working on Bitcoin, one of the key points was to select the signature schemes for an open and public financial system. The requirements were clear. An algorithm should have been widely used, understandable, safe enough, easy, and, what is more important, open-sourced.

    Of all the options available at that time, he chose the one that met these criteria: Elliptic Curve Digital Signature Algorithm, or ECDSA.

    At that time, native support for ECDSA was provided in OpenSSL, an open set of encryption tools developed by experienced cipher banks in order to increase the confidentiality of online communications. Compared to other popular schemes, ECDSA had such advantages as:

    • Low demand for computing resources;
    • Short key lengths.

    These are extremely useful features for digital money. At the same time, it provides a proportional level of security: for example, a 256-bit ECDSA key has the same level of security as a 3072-bit RSA key (Rivest, Shamir и Adleman) with a significantly smaller key size.

    Basic principles of ECDSA

    ECDSA is a process that uses elliptic curves and finite fields to "sign" data in such a way that third parties can easily verify the authenticity of the signature, but the signer himself reserves the exclusive opportunity to create signatures. In the case of Bitcoin, the "data" that is signed is a transaction that transfers ownership of bitcoins.

    ECDSA has two separate procedures for signing and verifying. Each procedure is an algorithm consisting of several arithmetic operations. The signature algorithm uses the private key, and the verification algorithm uses only the public key.

    To use ECDSA, such protocol as Bitcoin must fix a set of parameters for the elliptic curve and its finite field, so that all users of the protocol know and apply these parameters. Otherwise, everyone will solve their own equations, which will not converge with each other, and they will never agree on anything.

    For all these parameters, Bitcoin uses very, very large (well, awesomely incredibly huge) numbers. It is important. In fact, all practical applications of ECDSA use huge numbers. After all, the security of this algorithm relies on the fact that these values are too large to pick up a key with a simple brute force. The 384-bit ECDSA key is considered safe enough for the NSA's most secretive government service (USA).

    Replacement of ECDSA

    Thanks to the hard work done by Peter Wuille (a famous cryptography specialist) and his colleagues on an improved elliptical curve called secp256k1, Bitcoin's ECDSA has become even faster and more efficient. However, ECDSA still has some shortcomings, which can serve as a sufficient basis for its complete replacement. After several years of research and experimentation, a new signature scheme was established to increase the confidentiality and efficiency of Bitcoin transactions: Schnorr's digital signature scheme.

    Schnorr's signature takes the process of using "keys" to a new level. It takes only 64 bytes when it gets into the block, which reduces the space occupied by transactions by 4%. Since transactions with the Schnorr signature are the same size, this makes it possible to pre-calculate the total size of the part of the block that contains such signatures. A preliminary calculation of the block size is the key to its safe increase in the future.

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    submitted by /u/CoinjoyAssistant
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    Livestream Thu Jun 4 11:00 UTC: Bitcoin Cash Mass Adoption via P2P Liquidity: Zapit

    Posted: 02 Jun 2020 01:26 PM PDT
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