Why Hashing Algorithm Changes Don’t Stop Centralised Mining
When the BLAKE2b hard fork split from Bitcoin, one of its core selling points was democratising mining by abandoning SHA-256d for an algorithm that’s friendlier to CPUs and GPUs; the change promised to sideline the industrial ASIC farms that dominate Bitcoin mining and hand the network back to ordinary miners with consumer hardware. It’s a […]
Beware Of BIP110/Blake BTC Scams
If you own Bitcoin, you should be aware of chatter over the last few weeks about “BIP110,” “Blake2b,” and a potential chain that will split away from Bitcoin’s main network with a proof-of-work change and act as a competing network. Opinions on this fork are all over the map — some people see it as […]
How Hardware Wallets Generate Entropy?
The recent draining of over 1000 Bitcoin from air-gapped COLDCARD wallets has many of us scratching our heads, wondering how this could have happened. While the dust still has to settle, and information will come out in the post-mortem of CoinKite’s operations, attention is now turned to all hardware wallet vendors. If one of the […]
What Is the RGB Protocol on Bitcoin?
RGB Protocol on Bitcoin (v0.11.1) is an open-source protocol for issuing and transferring digital assets directly on Bitcoin and the Lightning Network, without any change to Bitcoin’s base layer. It is not a third layer stacked on top of Lightning: RGB runs on Bitcoin’s base layer (Layer 1) and integrates natively with Lightning (Layer 2). […]
What Is Quantum Recovery of Bitcoin?
There has been a lot of chatter surrounding Bitcoin’s longevity as a network, as research on quantum computers gains traction, with some claims circulating that a viable device is less than a decade away, which, if true, will have massive implications for not only Bitcoin but the entire web from a privacy and security perspective. […]
What Is BIP-110?
The rollout of Core 30 has done little to settle the debate over transactions with arbitrary data, with the monetary maximalist side of Bitcoin supporters offering up a few consensus change proposals of their own. One being The CAT, which is a rather aggressive proposal that has already ruffled several feathers, but I think it was […]
The Cat in the Taproot Wizards Hat
The bull market we thought we would get in 2025 never arrived, and because we’re not enjoying a year of up-only markets smashing $150 000 and beyond, the community has turned its attention away from NGU and toward each other. We need something to entertain ourselves and someone to blame for the lack of a […]
What IS BIP-360?
In June 2024, a Bitcoin developer named Hunter Beast introduced BIP 360, also known as “Pay to Quantum Resistant Hash” (P2QRH), a new address format aimed at future-proofing Bitcoin transactions and ensuring your hodl assurances remain secure on the blockchain, as they have for over a decade. While debates over block sizes, spam transactions & lower block rewards […]
What Is BIP-444?
The release of Bitcoin Core v0.30 has come and gone, but the drama surrounding it has not ended. As nodes on the network update to the new version, it allows for easier relay of arbitrary data in transactions and opens up what some consider new features, while the opposing camp considers it enabling a new […]
Why Your Ledger Nano S Won’t Work with Your iPhone
If you’re a Bitcoin holder using an iPhone and own a Ledger Nano S and Ledger Live, you’ve likely discovered a frustrating reality: these popular hardware wallets simply don’t work with iOS devices. You can no longer run your trusty watch-only wallet and keep an eye on your stack without being able to access it. […]