The second layer bitcoin routing network, Lightning Network (LN), has grown significantly since its official launch just over a year ago. However, despite the optimism it has generated among bitcoiners, it still has significant challenges to overcome to become a true Bitcoin scalability solution. In this work we share the...
Myths and legends entwine around the whereabouts of millions of to date lost Bitcoin. Unsurpassed, however, is the BTC fortune of Bitcoin creator Satoshi Nakamoto, presumably destroyed for all eternity. A short story about the curiosities of cryptography. Cryptography is all well and good. But what if you lose your...
A report from the Canadian financial firm Canaccord Genuity Group states that mining has become decentralized in Bitcoin in the last five years. According to the research, decentralization represents a change in the hashrate distribution of the network. Canaccord's research reflected that currently the hashrate (or processing power) of the...
The TRON Foundation acquired BitTorrent for $140 million last year. They raised $7.2 million in the BTT ICO and their price rose 900% in a matter of days. Buying a Bittorrent token or BTT is going to be a real hassle for non-crypto users. This Tweet from @zeuszissou details the steps...
MakerDAO, the company that manages the DAI stable token, currently holds about 2 million ETH in reserve in its system, thus retaining nearly 2% of the cryptocurrency supply in the market. According to Twitter data provided by Mariano Conti, developer and head of oracles at MakerDAO, the reserve amount reached...
One user has implemented a proof of concept to gain access to a protected WiFi network, using Lightning Network. The instructions and code for this tool were published yesterday. A development team created Nodogsplash (NDS), a captive portal that offers a restricted Internet connection,...
Venezuela and Colombia traded 11,208 BTCs through the p2p exchange platform LocalBitcoins during the month of January 2019. According to Coin Dance figures, these two Latin American countries reached, for the second consecutive month, more than 80% of the exchange volume in the region.
In December the SimpleSwap team released fixed rate flow. From now on, customers have an opportunity to make fixed rate exchanges on SimpleSwap. In addition, any service can integrate the SimpleSwap API to exchange coins at a fixed rate. The advantage of fixed rate flow is that...
The crypto world writes its own stories. The latest episode has the title "particularly curious". In the roles: the Canadian crypto exchange QuadrigaCX, its boss Gerald Cotten, his wife Jennifer Robertson and a helpless supervisory board. What had happened? As BTC-ECHO reported, QuadrigaCX users...
Taproot is designed to significantly increase Bitcoin's privacy. This approach relies on multi-signatures, to be exact, on Schnorr multisigs. Worried about price trends, ETFs and the rift between Bitcoin and Bitcoin Cash, people forget that Bitcoin is also evolving technically. Beyond these public...