April 2023 Topics - Githubissues

MatulefM commented 1 year ago

Credit: In Wolf's Clothing
“Wolf’s accelerator program is designed to help early-stage startups achieve product-market fit, develop their brand, secure critical early-stage funding, and grow businesses that fuel the global adoption of Bitcoin.The companies accepted to Wolf’s inaugural cohort, include teams working on topics such as:
Bringing self-custodial trading to Lightning using Discreet Log Contracts (DLCs)
A WeChat-style “super app” for Nostr and Lightning
Automated Lightning node management
Instant payments and remittances in MENA markets
Integrating payments into esports tournament organization
Lightning-monetized content delivery infrastructure
Lightning infrastructure and education for enterprises
Non-custodial wallet, node management, and Lightning services

MatulefM commented 1 year ago

Credit: Jameson Lopp
“As the user population has grown, there are a lot more people who don’t really understand as much about the code, but they know it’s securing their money. When they hear about a change being made, it triggers worries that their funds may be put at risk. The only way to counter this is through good education for the community, but then there are some who spread misinformation either intentionally or because they’re just uninformed. This is the cornerstone of the situation we see with Bitcoin and why it is becoming increasingly difficult to make progress.”

“Bitcoin had a split at height 782,129, with two blocks being found at almost the same time. One block from Foundry USA and one block from F2Pool”

Credit: Vladimir Fomene
“In 2022, South African software developer Kgothatso Ngako built a tool, Machankura, for accessing bitcoin despite the continent’s mobile internet connectivity challenge. It offers a way to access the Lightning Network through an Unstructured Supplementary Service Data interface, utilizing mobile phones’ Subscriber Identity Module telecommunication network. USSD is similar to Interactive Voice Response.”
“Machankura is already being used by roughly 2,900 African users across more than seven countries, including Nigeria, Kenya, Ghana, Uganda and Namibia, Ngako told me. Despite the rapidly growing tech industry on the continent, internet penetration across Africa still has a long way to go.”

“The Bitcoin Product Community helps drive high-impact FOSS and commercial projects within the bitcoin ecosystem by creating a space for people to network, share ideas, seek feedback, and develop skills.
We believe this kind of collaboration can lead to greater talent recruitment, resource allocation, and fundraising efforts across the ecosystem. Ultimately, we want to see bitcoin cross the chasm (i.e. reach the masses) and become the best kind of money.”

MatulefM commented 1 year ago

Credit: Coin Center
“Although the primary targets of this legislation are companies like Tik-Tok, the language of the bill could potentially be used to block or disrupt cryptocurrency transactions and, in extreme cases, block Americans’ access to open source tools or protocols like Bitcoin.”

Credit: t-bast
“Route blinding allows a recipient to provide a blinded route to potential payers, thus improving receiver privacy.”

Credit: 0xB10C
“This post describes and discusses the behavior of an entity I call LinkingLion. The entity opens connections to many Bitcoin nodes using four IP address ranges and listens to transaction announcements. This might allow the entity to link newly broadcast transactions to node IP addresses. The entity has been active in some capacity since 2018 and is also active on the Monero network using the same IP address ranges. The entity might be a blockchain analysis company collecting data to improve its products.”

Credit: ZeroSync Association
Press Release
GitHub Repo
“Proving hundreds of gigabytes of blockchain history is computationally expensive, but this compression results in a very compact proof. Once a proof is generated, an arbitrary number of nodes in the network can use it to sync with the network instantly. Proofs are succinct, regardless of the growing size of the chain. When the next block is mined, any prover can incrementally extend the previous chain proof.”
“Proof systems play together well with Bitcoin's immutability. They allow to compress the chain and augment it with additional data structures, such as a UTXO set commitment, without requiring any consensus changes. Users can decide individually if they use a proof or conventional bootstrapping. ZKP systems offer great flexibility on top of Bitcoin's rigid base layer and introduce a range of novel applications for exploration.”

Credit: jlspc
TL;DR
Dynamic management of Lightning channel capacity is required to support efficient Lightning Network (LN) payments
Hierarchical channels allow flexible, off-chain resizing of channels
Hierarchical channels do for channel capacity what the LN does for bitcoin
No change to the underlying Bitcoin protocol is required

Credit: Jonas Nick, Tim Ruffing, & Elliott Jin
“MuSig2 is a multi-signature scheme that allows multiple signers to create a single aggregate public key and cooperatively create ordinary Schnorr signatures valid under the aggregate public key.”
BIP 327 (description)

ChicagoBitdevs / ChicagoBitdevs.github.io