08-31 08:45 - 'If you just want to setup an easy to use wallet then these are best in my opinion, as they are non-custodial and handle all the channel management under the hood so you don't have to: / * [Phoenix] - [Tutorial] * [Breez]...' by /u/NimbleBodhi removed from /r/Bitcoin within 679-689min
''' If you just want to setup an easy to use wallet then these are best in my opinion, as they are non-custodial and handle all the channel management under the hood so you don't have to:
Abstract The consensus protocol underlying Bitcoin (the blockchain) works remarkably well in practice. However proving its security in a formal setting has been an elusive goal. A recent analytical result by Pass, Seeman and shelat indicates that an idealized blockchain is indeed secure against attacks in an asynchronous network where messages are maliciously delayed by at most Δ≪1/npΔ≪1/np, with nn being the number of miners and pp the mining hardness. This paper improves upon the result by showing that if appropriate inconsistency tolerance is allowed the blockchain can withstand even more powerful external attacks in the honest miner setting. Specifically we prove that the blockchain is secure against long delay attacks with Δ≥1/npΔ≥1/np in an asynchronous network. References
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Here is what happens under the hood of a Bitcoin transaction
Have you ever wondered why a Bitcoin transaction has a thing called confirmations? Or why the network can be 'clogged' and processes Bitcoin transactions very slowly on one day, whereas it does so quickly the other? And do you know how transaction fees work, why they jump and decline? Maybe you already know it is related to the volume of transactions, but there is much more too it than just that, because that basically explains us.. nothing. What happens under the hood? What steps are involved and why? This 5 minute explanation is a must read and takes you through a Bitcoin transaction under the hood in 7 simple steps: lets find out if you actually know how it works.
Bitcoin now above $5k, seems like something is happening under the hood?
Bitcoin price spiked above $4,900 and fell back down to $4,700 almost immediately But the price continuously crawled higher and higher for the past 24 hours and it is now above $5k at $5,011 according to CoinGecko. This round of price spike has no obvious fundamental factors or news affecting it and is fairly confusing to most traders who shorted in Bitmex. Or are we possibly missing something out? Bitcoin price: $5,011 24h Low / 24h High: $4,180.30 / $5,037.31 24h Vol: $27,012,290,123 Market Cap: $88,306,071,582 https://www.coingecko.com/en/coins/bitcoin
What Bitcoin technical videos/podcasts would your recommend?
Love Andreas but I need deeper and more complex material. I'm slowly trying to understand the conversations being made in the Bitcoin mailing list but I often get lost with their terminology. Looking for something I can listen to as I work or walk that attempts to explain Bitcoin under the hood. Thanks hodlers.
Bitcoin: Under the Hood. By Aviv Zohar Communications of the ACM, September 2015, Vol. 58 No. 9, Pages 104-113 10.1145/2701411 Comments. View as: Print Mobile App ACM Digital Library Full Text (PDF) In the Digital Edition Share: Send by email Share on reddit Share on StumbleUpon Share on Hacker News Share on Tweeter Share on Facebook. Share. Credit: Asaf Eliason "I just want to report that I ... How Bitcoin Works Under The Hood. We can learn how Bitcoin works up to a certain point, but we can’t know everything. It’s a decentralized currency, which means nobody can regulate it. Otherwise, it would lose its purpose and benefit. Here’s what we do know. Unlike banks, Bitcoin uses its computer network to verify every transaction. In a blockchain, “Bitcoin miners” solve math ... Bitcoin: Under the Hood. By Aviv Zohar Communications of the ACM, Vol. 58 No. 9, Pages 104-113 10.1145/2701411. Save PDF "I just want to report that I successfully traded 10,000 bitcoins for pizza," wrote user laszlo on the Bitcoin forums in May 2010reporting on what has been recognized as the first item in history to be purchased with bitcoins. a By the end of 2013, about five years after its ... Bitcoin: Under the Hood key insights ˽ Bitcoin’s operation relies on the Block Chain—a distributed ledger of transactions that is synchronized between all nodes. The main challenge the protocol successfully tackles is to ensure nodes agree on the contents of this ledger. ˽ Going forward, the protocol faces challenges in several domains: ensuring the privacy of users, scaling up to high ... How Bitcoin Works Under the Hood new 3.5 in-depth course: Introduction to Bitcoin, Blockchain and Decentralized projects (Ethereum). Italian voiceover of How Bitcoin Works (by Simone Falcini) Spanish Translation (by Diego J Martinez Garcia) Intro. The goal of this video is to explain how Bitcoin works under the hood, to give a clearer idea of what it really means to own, send or “mine ...
For the Love of Physics - Walter Lewin - May 16, 2011 - Duration: 1:01:26. Lectures by Walter Lewin. They will make you ♥ Physics. Recommended for you Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. How Bitcoin Works Under the Hood - Duration: 22:25. CuriousInventor Recommended for you. 22:25. Candlestick Patterns: A Trading Strategy That Actually Works - Duration: 32:35. ... A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign ... A somewhat technical explanation of how Bitcoin works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the ...