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Crypto && Coffee 008

Technology Recap:  Bitcoin:  Pieter Wuille has opened up Bitcoin Improvement Proposals (BIPs) 340,341 and 342 for acceptance on the Bitcoin Core GitHub repo. These three BIPs describe the consensus rules and basic wallet operations for the Taproot proposal. This work also has a Work in Progress (WIP) pull request…

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Crypto && Coffee 007

Technology Recap:  Bitcoin:  Constant development has been underway on a potential Bitcoin upgrade proposal to include Taproot and Schnorr signatures. Taproot looks to expand Bitcoin’s flexibility in new ways to spend outputs using Schnorr signatures and individually hashing each spend…

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Crypto && Coffee 006

Technology Recap:  Bitcoin:  Luke Dashjr, a Bitcoin Core developer, estimates the total number of Bitcoin nodes fell 22% from 65,000 to 50,500 during 2019, based on counts of unreachable/non-listening nodes. Full historical graph: https://luke.dashjr.org/programs/bitcoin/files/charts/historical.html  Overnight on January 1st, 2000 Bitcoin Core onion nodes appeared. There…

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Crypto && Coffee 005

Technology Recap:  Bitcoin:  Bitcoin’s hashrate--the measure of the processing power of the Bitcoin network—recently hit an all-time high of 1 quintillion hashes per second.   Litecoin:  David Burkett, a Grin++ developer, released his December progress update regarding MimbleWimble integration with Litecoin. Full details: https://litecointalk.io/t/mimblewimble-progress-update-thread/26678/8  BitcoinCash:  BitcoinABC released v0.20.9, including bug fixes for the wallet and low-fee…

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Crypto && Coffee 004

Technology Recap:  Bitcoin:  Pieter Wuille released his analysis of Bech32, now 2 years after it was first used in Segregated Witness (segwit). His analysis dives into the insertion/erasure and characteristics of Bech32 - pushing towards a possible modification in the near future for segwit. His proposed…

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Crypto && Coffee 003

Technology Recap:  Bitcoin:  Pieter Wuille, an engineer at Blockstream and a Bitcoin Core Dev, contributed to an active thread on Reddit regarding extension blocks and the possible use of confidential transactions in Bitcoin. Wuille stated, “I would personally very much like to see Confidential Transactions in…

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Crypto && Coffee 002

Technology Recap:  Ethereum:  The upcoming Ethereum Hard Fork (Istanbul) will be taking place this week at block height 9069000. The new fork is the first step towards Ethereum 2.0.  EIP 1884, which is included in the Istanbul hard fork, increases…

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Crypto && Coffee 001

Technology Recap:  Bitcoin:  Bitcoin Core released upgrade v0.19.0.1 on November 24th. The upgrade provides a few new RPC enhancements, updated settings for whitelisting, and added a new setting for block filters. The new block filters enable the creation of BIP158 filters for the entire…

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