China’s recent crackdown on crypto miners and traders has forced local crypto firms to withdraw their operations partially. In the latest development, Chinese journalist Wu Blockchain reports that owning to the regulatory changes, BitMart has decided to suspend contract trading services for all its users. All the previous transactions can be closed, however, no new […]
In the past three days, two new DeFi platforms on the Binance Smart Chain have suffered attacks by hackers, losing $6.3 million and $7.2 million respectively. BSC has claimed that these attacks are targeted and called on all developers on its blockchain to apply all the security measures possible, including triple-checking their code. Another day, […]
Given that Taproot addresses use a new SegWit version and a new address encoding (bech32m), it’s reasonable to expect a transition from the ecosystem to this new address version similar to what we saw for the P2PKH/P2SH -> P2WPKH/P2WSH transition. It wouldn’t be strange if we see at the very least a multi-month transition period, where some wallets can generate Taproot addresses, but many services like exchanges don’t support making withdrawals to these new addresses.
Following that line of thinking, the transition to Taproot could be much smoother for wallets and end-users if we had a strategy similar to what the P2SH-wrapped outputs did for SegWit.
In BIP341, there’s a security argument for why P2SH-wrapped outputs are not supported: since they use a 160-bit hash, they only provide 80 bits of collision resistance, which is too low. However, after 3.5 years of transition, most of the industry already supports withdrawals to P2WSH addresses. P2WSH outputs use a 256-bit hash, which provides the same 128 bits of collision resistance as the top-level P2TR outputs.
Is there any other reason for not supporting P2WSH-wrapped P2TR outputs?
We had the opportunity to sit down with Texan HODL and discuss his rabbit hole story and what makes Bitcoin special to him.
We had the opportunity to sit down with Texan HODL and discuss his rabbit hole story and what makes Bitcoin special to him. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Libsyn Overcast Google In this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” BtcCasey and Tyler Laroche were joined by Texan […]
On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market moving higher.
Executives from Brave and Unstoppable Domains told Decrypt that self-sovereignty is what makes a decentralized internet so appealing.
The post The Creator Of The Digital Yuan Allowed The Integration Of National Digital Currencies With Ethereum appeared first on Coinworldstory.
Former Head Of The Digital Currency Project Of The People’s Bank Of China, Yao Qian, Believes That National Digital Currencies Must Become “Smart” And For This Purpose They Can Use Systems Such As Ethereum And Diem (Formerly Libra). This Way They Will Be Able To Remain Competitive In The Face Of Widespread Digitalization. Qian Spoke […]
The post The Creator Of The Digital Yuan Allowed The Integration Of National Digital Currencies With Ethereum appeared first on Coinworldstory.
Crypto analyst and trader Michaël van de Poppe says he’s looking at a digital asset subsector that he believes could leave many traders in disbelief. In a new tweet, Van de Poppe tells his 326,400 followers that Chainlink (LINK) along with the entire decentralized oracle space will surprise many people. #Chainlink is one of the […]
Ray Dalio discussing his bitcoin investment, Texas pushing through a bill that provides legal framework, and more in this weekly update.