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Chris Pacia, the former lead developer of the now-defunct decentralized marketplace Openbazaar, has criticized the process that led to the proposal of Bitcoin’s lightning network (LN) as a scaling solution. Pacia stated that technical experts lied to the mainstream audience in the blocksize war’s framework, knowing that LN would work “like dog sh*t.” Former Openbazaar … Read more
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain income brackets. Two weeks ago, the … Read more
On December 20, BCHD and Openbazaar developer Tyler Smith published first draft specifications for a protocol he calls “Snowglobe.” Smith’s Github repository says that Snowglobe is a propagation protocol for nodes using Nakamoto Consensus and it uses an Avalanche-based consensus algorithm for the process. Also read: BCH Avalanche Transactions Show Finality Speeds 10x Faster Than … Read more
Software developer Awemany has published a potential alternative approach to instant transactions on the Bitcoin Cash (BCH) network called “delta blocks” or Storm. The idea utilizes weak proof-of-work (PoW) for instant confirmations on Bitcoin Cash. The new Storm concept has piqued the interest of many BCH proponents who are eager to solve the instant or … Read more
Software developers Rosco Kalis and Gabriel Cardona have been steadily working on Cashscript, a high-level programming language for Bitcoin Cash. When the language is tied to certain opcodes, specific schemes can be built that allow for autonomous and decision-based transactions. While testing Cashscript’s capabilities, the two engineers recently deployed an oracle, forfeits, an onchain wager, … Read more
On May 3, the developers behind the Bchd project, a Bitcoin Cash full node implementation written in Go (golang), announced the release of a public application programming interface (API). The latest API feature shipped with the new version 0.14.3 offers an out-of-the-box solution that the Bchd developers say “just works.” Also read: Indian Supreme Court … Read more
On April 27, Electron Cash founder Jonald Fyookball revealed a new milestone for the Cashshuffle protocol when he announced the release of the Cashshuffle JS library. According to Fyookball, the software is a “major step” toward Cashshuffle being implemented into other light wallets. Also read: BCH Developer Builds Onchain Token Auction Console — SLP Agora … Read more
On March 15, the Bitcoin Cash (BCH) network is set to upgrade, with plans to add two specific elements to the chain: the Segwit recovery exception and enabling Schnorr signatures. With just six weeks left, programmers have been discussing the fork regularly during BCH developer meetings. Meanwhile, two BCH developers have announced their resignation from … Read more
The developers behind the Bitcoin Cash (BCH) full node Bchd have announced the beta release of the lightweight client Neutrino which is now available for Android phones. The Neutrino protocol is not only exceptionally fast, but the client is considered a privacy-preserving light wallet because it uses a concept called client-side filtering. Also read: New … Read more
Over the last few days, Bitcoin Cash (BCH) enthusiasts have been meeting online to mix BCH using the Cashshuffle mixing software for the Electron Cash wallet. A few shuffling milestones took place this week, culminating on Feb. 25 when a massive shuffle saw 152 BCH ($20,000) mixed together in one transaction. Also read: Lightning Network: … Read more
