Do you still Believe you can make Money from Bitcoin 2023?

The first computer to encrypt a new block of transactions is rewarded with newly minted Bitcoin. He specializes in in-depth review and research of projects and protocols An aspiring Computer Scientist and technology enthusiast. Also included are our regular sections about bech32 sending support and notable changes to popular Bitcoin infrastructure projects. Also included are our regular sections about bech32 sending support and notable changes in popular Bitcoin infrastructure projects. This can make Binance seem less responsive, but in looking around most cryptocurrency exchanges fail to provide telephone support. If you’re looking to acquire a small amount of Bitcoins, I’d definitely recommend Cubits over the other exchanges. You need to be concerned about law enforcement tracking what you’re doing, government agencies reviewing your financial transactions, and even nefarious agents online who are looking to take your Bitcoin digitally or physically. We’ve frequently mentioned the fee savings available to people spending segwit inputs, but we’ve never before mentioned that you don’t need to take advantage of the savings. Although it wouldn’t need to do all of that. ● Upgrade to C-Lightning 0.7.2.1: this release contains several bug fixes as well as new features for plugin management and support for website; ibonny.kr, the in-development alternative to testnet, signet.

This week’s newsletter describes progress on signet and an idea for just-in-time routing on LN. Signet allows for more control over block production timing than testnet and more than one signet can exist for testing different scenarios. It’s up to you to decide which one you trust more. This would save one vbyte for each payment to a taproot output (potentially thousands of vbytes per block if most users migrate to taproot) and 0.25 vbytes for each public key included in a script-path spend. The RPC already added a checksum to any descriptor provided without one, but it also normalized the descriptor by removing private keys and making other changes users might not want. 34 with an additional checksum field. ● Most tools support paying bech32 addresses: 74% of the wallets and services surveyed support paying to segwit addresses. And that can be seen with their usage of them and the change many of them are making toward Privacy Wallets. Margin trading, leveraging, and other complex trades are made readily available.

Many are worried that the Ethereum blockchain will quickly grow to an unwieldy size if it gains widespread use. The fewer the number of pending HTLCs, the smaller the byte size and fee cost of a unilateral close transaction because settling each HTLC produces a separate output that can only be spent by a fairly large input. This week’s newsletter briefly describes two discussions on the Bitcoin-Dev mailing list, one about Bitcoin vaults and one about reducing the size of public keys used in taproot. ● Proposed change to schnorr pubkeys: Pieter Wuille started a thread on the Bitcoin-Dev mailing list requesting feedback on a proposal to switch bip-schnorr and bip-taproot to using 32-byte public keys instead of the 33-byte compressed pubkeys previously proposed. For users and organizations who have a fixed maximum price they’re willing to pay in fees per transaction, using segwit could significantly reduce confirmation time for their transactions during periods of high activity. ● Help test Bitcoin Core 0.18.1 release candidates: this upcoming maintenance release fixes several bugs that affected some RPC commands and caused unnecessarily high CPU use in certain cases.

● Hardcoded previous soft fork activation blocks: the heights of the blocks where two previous soft forks activated have now been hardcoded into Bitcoin Core as the point where those forks activate. In these estimates, the variation in confirmation speed for different transaction types all paying the same total fee can be more than 6 blocks (about an hour on average). This is the same basic privacy leak and solution described for the wrong-amount problem in last week’s newsletter. After describing at length both the basic protocol and several possible variations, Bishop made a second post describing one case where it would still be possible to steal from the vaults, although he also suggests a partial mitigation that would limit losses to a percentage of the protected funds and he requests proposals for the smallest necessary change to Bitcoin’s consensus rules to fully mitigate the risk. However, such a reorganization would require an amount of proof of work roughly equal to the annual output of all active Bitcoin miners (at the time of writing), so this is considered to be both very unlikely and indicative of a threat that could prevent consensus formation anyway.