Much has been written about the value proposition of Bitcoin in regards to its Stock-to-Flow ratio, its properties as digital gold, and its usefulness as a digital currency for the internet. However, there are three current trends that indicate Bitcoin is primed for significant growth within the next 5–10 years:
Over the past 6 months, the world has seen unprecedented economic policies implemented to solve the global economic crises facilitated by COVID19:
Thank you everyone for all your support on medium! We are permanently moving the Litecoin School of Crypto to www.theliteschool.com. If Medium had the ability to annotate canonical links, I would still leave the content on medium. But unfortunately they do not.
Please check out our newest article “What is the Price of Litecoin?” which explains why you might see different LTC prices on different exchanges and wallets if that’s something you’ve always wondered about.
Finally, I’m launching a strength-based mental health newsletter called Heem Publication this coming Friday in conjunction with Mental Health Awareness Month. Because you all have been such great supporters, I’m going to give you a sneak peak into the first newsletter I’m sending out on May 1, 2020. …
The Lightning Network was built around the idea of financial inclusivity. Anyone can make a purchase and should be able to do so pseudonymously. What if conferences and hackathons were structured around these same core principles? As the world’s first online Lightning Network conference and hackathon, that’s exactly what the Bolt-A-Thon was designed to be. By hosting the event online, Bolt-A-Thon reaches a world-wide community, sets incredibly affordable ticket prices, and process all payments into Lightning Bitcoin.
The first part of the Bolt-A-Thon is for our hackers. They hackathon will start on April 5 with the kick off at 6pm PST and runs through April 7 at 2pm PST. Hackers will be provided a suggested theme and will have two and a half days to build their projects to then present in front of their peers and our judges. First, second, and third place winners will receive 0.3 BTC, 0.2 BTC, and 0.1 BTC respectively. …
One of the most important and revolutionary aspects of Bitcoin is its monetary policy of disinflation with a strict 21 million supply limit. Bitcoin’s model of disinflation involves cutting block rewards in half every 210,000 blocks, or 4 years. These events are affectionately known as “halvenings.”
Bitcoin’s block reward was first set at 50 BTC. Since then there have been two halvenings, leaving current rewards at 12.5 BTC per block. These will completely disappear by the 34th halvening, at which point all 21 million Bitcoin will be in circulation.
Halvenings have historically been times of great price speculation and of concern. With less Bitcoin distributed, the expectation is that demand for it will increase. However, the question of when is critical as the mining ecosystem must also adjust to the reduction in block…
In this article, we will explore Bitcoin’s model of governance by first discussing how it works at the protocol level. We will then examine it in light of hard forks, soft forks, as well as a couple of historical examples.
Bitcoin’s method of governance is through consensus which emerges through a network wide agreement of rules enforced by a user’s Bitcoin full node or client. Miners create blocks according to these rules and then submit it to the network of full nodes for them to validate. Full nodes do this by downloading the block and then verifying if it matches the consensus rules of their client. As long as that block is valid and has the most work of other potential chains, the node won’t reject it. If it doesn’t match or doesn’t have the most proof of work, it rejects it. Therefore as block creators, miners are responsible for implementing the rules of the network. …
This article is a primer to Confidential Transactions (CT) with the goal of providing a framework to understanding this technology. It is not intended to be an in-depth explanation. As such, it only highlights the key concepts involved. It also doesn’t include Ring Signatures or Bullet Proofs, which prevent accounting overflow. For a fully comprehensive study of CT, I recommend Gregory Maxwell’s initial investigation or this summary by Adam Gibson.
A protocol that hides the amount of Bitcoin you send as well as the receiver’s BTC address.
Even though Bitcoin is pseudonymous, it doesn’t provide a whole lot of privacy. Due to the public nature of its blockchain, you can track Bitcoin transactions and where it was previously spent through chain analysis. The pseudoanonymity of BTC addresses is especially weak for people who reuse them or post it on a social media account. …
Decred, Dash, Bitshares, Steemit, Cardano
Since Bitcoin’s introduction in 2008, there have been several attempts at providing governance at the protocol level. The idea behind doing so is to provide a clear-cut path to consensus. In other words, on-chain governance can be broadly defined as the process in which a blockchain network determines the following:
Over the past month, I had the opportunity to interview several cryptocurrency projects who’ve integrated on-chain governance such as Decred, Dash, Bitshares, Steemit, and Cardano and asked them the following three…
You must have Node, NPM, and Docker installed in the environment you are working on
Install gulp and jspm globally through NPM -
$ npm install gulp -g
$ npm install jspm -g
This is for the build tooling in the client application currently. We plan to simplify that process.
Clone the CoinMesh repo.
$ git clone https://github.com/coinmesh/coinmesh.git
Next, you can run the app locally with
npm start in the root directory. This installs all of the required npm packages in all child directories.
Once the process has finished, open up localhost:9000 on a browser to see the following UI. …
We are at the cusp of a financial renaissance that has been 9 years in the making since Bitcoin was introduced in 2009. Retail investors, businesses, financial institutions, are all waking up to the idea of a world built on sound money. A world of empowerment where people are in full control of their own wealth as they are their own banks. A world of censorship resistance where accountability is distributed throughout the whole network, not just a select group of people. …
If you haven’t heard yet, the Litecoin Foundation is hosting its first ever blockchain conference on 9/14–9/15 at the South San Francisco Conference Center!
Litecoin has played an important role in the cryptocurrency ecosystem. As the little brother to Bitcoin, it was the first to implement Segregated Witness(SegWit). Consequently, a random redditor posted a $1 MM Litecoin bounty challenging anyone to steal from a SegWit transaction. This was done to combat the “anyone can spend” concerns people in the Bitcoin community had in regards to implementing SegWit.
You can read more about the role Litecoin played below:
Two hours after SegWit was implemented on LTC on May 10, 2017, Christian Decker performed the first ever Lightning Network transaction on main net to demonstrate how SegWit could be…