Erstes DeFiChain Improvement Proposal: Bitcoin anchoring ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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"List of Bitcoin Improvement Proposals" threatened by deletion

submitted by enoice to Bitcoin [link] [comments]

Taproot and Schnorr Are Now Formal Bitcoin Improvement Proposals (BIPs), Will Enhance the Privacy, Security, and Capabilities of Bitcoin

Taproot and Schnorr Are Now Formal Bitcoin Improvement Proposals (BIPs), Will Enhance the Privacy, Security, and Capabilities of Bitcoin submitted by turtlecane to Bitcoin [link] [comments]

Wikipedia:Articles for deletion/Bitcoin Improvement Proposal

submitted by Wiki_AfD_Watch to wikipediaafdwatch [link] [comments]

An Insight Into Bitcoin Improvement Proposal (BIP)

While Bitcoin is the most famous and valuable cryptocurrency, its blockchain faces some challenges. In order to ensure the constant dominance of the currency in the market, the Bitcoin Improvement Proposal (BIP) was introduced. While most BIPs have different levels of potential for positive impact on Bitcoin blockchain, some of them turned out to be much more successful than others.

What is BIP?

Bitcoin is considered the first cryptocurrency and still remains the most successful crypto-project, but it also has its drawbacks. And in order to surpass it, as well as to occupy its niche in the digital world, innovators have created many new currencies, each of which has its own blockchain, designed to provide functions that are not available in Bitcoin. Eventually, one of these new currencies could potentially knock Bitcoin out of the first place.
That’s why the work on the Bitcoin Improvement Proposal began. BIP is a document where developers can submit a recommendation to fix a network problem. For example, after the introduction and implementation of BIP 141, also known as Segregated Witness (SegWit), the transaction rate on the Bitcoin network has increased, and commission fees have significantly decreased.
There are three varieties of BIP:

Bitcoin Lightning Network

The Lightning Network is a BIP proposal introduced in 2015 by Joseph Poon and Thaddeus Dryja. It aims to make Bitcoin scalable with the help of instant payments that are performed outside the network. These external channels form real Bitcoin transactions with the use of standard scripts that allow transferring funds without risk.
The Lightning network came into force thanks to the introduction of wallets with many signatures, where the parties can conduct an infinite number of transactions without having to store all the details on the blockchain. The only information recorded on the blockchain is the number of Bitcoins contained in the wallet and the percentage of contributions of the parties involved.
In addition to enabling instant transactions, the update also provides other benefits for the Bitcoin chain. For example, registration for micropayments, as well as cross-chain payments. Moreover, the update also promotes the implementation of the functionality of smart contracts on top of the blockchain.

MAST technology

MAST stands for Merkelized Abstract Syntax Tree, a technology that uses the ideas of the Merkle tree and the abstract syntax tree. This is a cryptographic tool that allows you to add large volumes of the hash to the data associated with transactions in the Bitcoin chain, due to their layout.
Three BIPs aim to introduce MAST into the Bitcoin network. The first is BIP 114, created by Johnson Lau, the developer of the Bitcoin core. The proposal shows how to increase network efficiency by introducing a new scenario, which he calls a merkelized scenario. The scenario reduces the need for large amounts of transaction data while maintaining greater privacy.
BIP 116 and BIP 117 were proposed by Bitcoin Core developer Mark Friedenbach and are intended to support MAST in a joint implementation. In BIP 116, he outlines the operation code, which allowed validation of the data without revealing the entire set. BIP 117 is called the Tail Call semantics, and in combination with the first, it led to a generalized form of MAST. The difference between the offers of Friedenbach and Lau is that the first supports all the scenarios that are currently used on the Bitcoin network, and the second supports only native SegWit.
The introduction of MAST has led to increased privacy, increased transaction speed, and the ability to include complex data sets, such as smart contracts. Besides, MAST allowed the Bitcoin network to process a much larger volume of transactions and, thereby, increased its scalability.

How many BIPs are there?

Since absolutely any developer can submit the idea of improving the network to the community, more than 300 of these ideas have already been accumulated, and not all of them have been and will be implemented in Bitcoin.
Keep up with the news of the crypto world at CoinJoy.io Follow us on Twitter and Medium. Subscribe to our YouTube channel. Join our Telegram channel. For any inquiries mail us at [[email protected]](mailto:[email protected]).
submitted by CoinjoyAssistant to Bitcoin [link] [comments]

An Insight Into Bitcoin Improvement Proposal (BIP)

While Bitcoin is the most famous and valuable cryptocurrency, its blockchain faces some challenges. In order to ensure the constant dominance of the currency in the market, the Bitcoin Improvement Proposal (BIP) was introduced. While most BIPs have different levels of potential for positive impact on Bitcoin blockchain, some of them turned out to be much more successful than others.

What is BIP?

Bitcoin is considered the first cryptocurrency and still remains the most successful crypto-project, but it also has its drawbacks. And in order to surpass it, as well as to occupy its niche in the digital world, innovators have created many new currencies, each of which has its own blockchain, designed to provide functions that are not available in Bitcoin. Eventually, one of these new currencies could potentially knock Bitcoin out of the first place.
That’s why the work on the Bitcoin Improvement Proposal began. BIP is a document where developers can submit a recommendation to fix a network problem. For example, after the introduction and implementation of BIP 141, also known as Segregated Witness (SegWit), the transaction rate on the Bitcoin network has increased, and commission fees have significantly decreased.
There are three varieties of BIP:

Bitcoin Lightning Network

The Lightning Network is a BIP proposal introduced in 2015 by Joseph Poon and Thaddeus Dryja. It aims to make Bitcoin scalable with the help of instant payments that are performed outside the network. These external channels form real Bitcoin transactions with the use of standard scripts that allow transferring funds without risk.
The Lightning network came into force thanks to the introduction of wallets with many signatures, where the parties can conduct an infinite number of transactions without having to store all the details on the blockchain. The only information recorded on the blockchain is the number of Bitcoins contained in the wallet and the percentage of contributions of the parties involved.
In addition to enabling instant transactions, the update also provides other benefits for the Bitcoin chain. For example, registration for micropayments, as well as cross-chain payments. Moreover, the update also promotes the implementation of the functionality of smart contracts on top of the blockchain.

MAST technology

MAST stands for Merkelized Abstract Syntax Tree, a technology that uses the ideas of the Merkle tree and the abstract syntax tree. This is a cryptographic tool that allows you to add large volumes of the hash to the data associated with transactions in the Bitcoin chain, due to their layout.
Three BIPs aim to introduce MAST into the Bitcoin network. The first is BIP 114, created by Johnson Lau, the developer of the Bitcoin core. The proposal shows how to increase network efficiency by introducing a new scenario, which he calls a merkelized scenario. The scenario reduces the need for large amounts of transaction data while maintaining greater privacy.
BIP 116 and BIP 117 were proposed by Bitcoin Core developer Mark Friedenbach and are intended to support MAST in a joint implementation. In BIP 116, he outlines the operation code, which allowed validation of the data without revealing the entire set. BIP 117 is called the Tail Call semantics, and in combination with the first, it led to a generalized form of MAST. The difference between the offers of Friedenbach and Lau is that the first supports all the scenarios that are currently used on the Bitcoin network, and the second supports only native SegWit.
The introduction of MAST has led to increased privacy, increased transaction speed, and the ability to include complex data sets, such as smart contracts. Besides, MAST allowed the Bitcoin network to process a much larger volume of transactions and, thereby, increased its scalability.

How many BIPs are there?

Since absolutely any developer can submit the idea of improving the network to the community, more than 300 of these ideas have already been accumulated, and not all of them have been and will be implemented in Bitcoin.
Keep up with the news of the crypto world at CoinJoy.io Follow us on Twitter and Medium. Subscribe to our YouTube channel. Join our Telegram channel. For any inquiries mail us at [[email protected]](mailto:[email protected]).
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Bitcoin Improvement Proposals: 5 Bitcoin Updates That Have It All

Bitcoin Improvement Proposals: 5 Bitcoin Updates That Have It All submitted by shinney to digitalmunition [link] [comments]

What Is a Bitcoin Improvement Proposal (BIP)?

What Is a Bitcoin Improvement Proposal (BIP)? submitted by 8BTCblockchainNEWS to Bitcoin [link] [comments]

Bitcoin Improvement Proposal 118: SIGHASH_NOINPUT (eltoo precursor soft-fork)

BIP 118 is what I would consider as uncontroversial as it gets in regards to softforks.
It breaks nothing and adds a feature for Lightning.
eltoo is an improvement to the Lightning protocol that requires the change provided in BIP 118.
More information on eltoo can be found here and here.
Previous Reddit conversations can be found here and here.
A short summary of eltoo, as "layman" as I can be:
Let's say a "final" state (state 4) of a channel is sent to the network by your nodes peer, but you have a newer "final state" (state 6) and want to contest. To validify your contestation you need to provide the entire history of channel state updates in the transaction.
This is extra data, which cost extra satoshi, and it requires you or any entity watching your channel to store the entire history of channel states.
eltoo allows the freedom to only store the latest state and prove that it's the later state without providing the entire state history.
submitted by StopAndDecrypt to Bitcoin [link] [comments]

What Is a Bitcoin Improvement Proposal (BIP)?

What Is a Bitcoin Improvement Proposal (BIP)? submitted by 8BTCblockchainNEWS to btc [link] [comments]

What Is a Bitcoin Improvement Proposal (BIP)?

What Is a Bitcoin Improvement Proposal (BIP)? submitted by 8BTC_NEWS2020 to BitcoinMining [link] [comments]

Bitcoin Improvement Proposal: Hard Fork to Return Seized Silk Road BTC to Ross Ulbricht ["Anyone who opposes this, doesn’t know about it, or simply forgets to update their software, can excise themselves from the network. Thus, hard forks are the most democratic means of consensus on earth today."]

Bitcoin Improvement Proposal: Hard Fork to Return Seized Silk Road BTC to Ross Ulbricht [ submitted by eragmus to Bitcoin [link] [comments]

Bitcoin Improvement Proposal: Taproot

Bitcoin Improvement Proposal: Taproot submitted by BitcoinOwl to BitcoinNL [link] [comments]

Segregated Witness address format Bitcoin Improvement Proposal

Segregated Witness address format Bitcoin Improvement Proposal submitted by a56fg4bjgm345 to Bitcoin [link] [comments]

Bitcoin Improvement Proposal : Bitcoin Fat URI Scheme

Bitcoin Improvement Proposal : Bitcoin Fat URI Scheme submitted by unwriter to btc [link] [comments]

Primer on the history and process of Bitcoin Improvement Proposals

Primer on the history and process of Bitcoin Improvement Proposals submitted by FiniteRegress to Bitcoin [link] [comments]

Tuur Demeester: Segwit via User Activated Soft Fork moves closer to BIP (bitcoin improvement proposal) status thanks to successful crowdfunding campaign.

Tuur Demeester: Segwit via User Activated Soft Fork moves closer to BIP (bitcoin improvement proposal) status thanks to successful crowdfunding campaign. submitted by slacker-77 to Bitcoin [link] [comments]

New Bitcoin Improvement Proposal Could Reduce Transaction Bandwidth By 75%

New Bitcoin Improvement Proposal Could Reduce Transaction Bandwidth By 75% submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

New Bitcoin Improvement Proposal (BIP) may reduce transaction bandwidth by 75%

submitted by leftok to atbitcoin [link] [comments]

Andreas on Twitter: "Bitcoin Improvement Proposal (BIP) 75 is actually a bitcoin deterioration proposal. Facilitating KYC at any layer reduces value of bitcoin"

Andreas on Twitter: submitted by chinawat to btc [link] [comments]

New Bitcoin Improvement Proposal Could Reduce Transaction Bandwidth By 75%

New Bitcoin Improvement Proposal Could Reduce Transaction Bandwidth By 75% submitted by leftok to atbitcoin [link] [comments]

New Bitcoin Improvement Proposal Could Reduce Transaction Bandwidth By 75%

New Bitcoin Improvement Proposal Could Reduce Transaction Bandwidth By 75% submitted by n4bb to CoinPath [link] [comments]

3 Most Promising Bitcoin Improvement Proposals (BIPs)

3 Most Promising Bitcoin Improvement Proposals (BIPs) submitted by VY99 to Bitcoin [link] [comments]

Bitcoin Explained Episode 8: Units of Bitcoin ColdTi - Punching the BIP 39 Numbers Sweeping Importing Building on Bitcoin - A Drivechain BIP Bitcoin Soars As Miners Finally Move To Solve The Digital Currency's Scaling Problem  CNBC

A Bitcoin Improvement Proposal (BIP) is a proposal that is made by a person to improve the general Bitcoin ecosystem. This can include many different aspects of Bitcoin. Generally, BIPs are made by developers or other people who possess advanced computing skill and knowledge. The reason why BIPs are generally made by people with advanced computing knowledge is because they tend to be highly ... BIP stands for Bitcoin Improvement Proposal. A BIP is a design document providing information to the Bitcoin community, or describing a new feature for Bitcoin or its processes or environment. The BIP should provide a concise technical specification of the feature and a rationale for the feature. We intend BIPs to be the primary mechanisms for proposing new features, for collecting community ... Bitcoin Improvement Proposal (BIP) is a design document for introducing features or information to Bitcoin. The BIP should provide a concise technical specification of the attribute and a rationale for the feature. This is the standard way of communicating ideas since Bitcoin has no formal structure. A Bitcoin Improvement Proposal (BIP) is a design document for introducing features or information to Bitcoin.This is the standard way of communicating ideas since Bitcoin has no formal structure. The first BIP was submitted by Amir Taaki on 2011-08-19 and described what a BIP is. As the name seems to clearly suggest, a Bitcoin Improvement Proposal (BIP) is a standard that has been devised to help in the alteration of BTCs core protocol. However, in a few notable cases BIPs have even served as a source for crucial information for the Bitcoin community at large. From a more technical standpoint, we can see that the aforementioned proposals seek to facilitate certain ...

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Bitcoin Explained Episode 8: Units of Bitcoin

Blockchain tutorial 28: Bitcoin Improvement Proposal 39 (BIP-39) mnemonic words - Duration: 17 ... Bitcoin Cash: Step By Step Guide To Claim Your Free BCC / BCH - Duration: 15:57. Crypto Currency ... Building on Bitcoin conference Lisbon, 3-4 July 2018 Sergio D Lerner: A Drivechain BIP, enabling the OP_COUNT_ACKS opcode to add Bitcoin drivechain capabilities as a soft-fork Slides : https ... Bitcoin miners are signaling support for bitcoin improvement proposal (BIP) 91. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Stree... Blockchain tutorial 28: Bitcoin Improvement Proposal 39 (BIP-39) mnemonic words - Duration: 17:45. ... HowTo Store Bitcoins on Stainless Steel Dog Tags - Duration: 7:07. CuriousInventor 29,732 ... Bitcoins are sold in fractions of BTC, In this video we will give you some information on the units of bitcoin. Find more information in this link:

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