The use of anonymity networks can go a long way to improving the privacy of Bitcoin software. Pieter Wuille points out that while identifying UTXOs created using an HD wallet is not possible, other onchain data can be used to fingerprint wallet software including types of inputs used, types of outputs created, order of inputs and outputs in the transaction, coin selection algorithm, and use of timelocks. Because anyone who was ever a delegate can trigger an onchain spend, statechains are designed to use the eltoo mechanism to ensure an onchain spend by the most recent delegate (Carol) can take precedence over spends by previous delegates (Alice and Bob), assuming the trusted third party hasn’t colluded with a previous delegate to cheat. ● Upfront payments: if Alice’s node wants to forward payments through Bob’s node, her node first uses LN to buy a credential from Bob. Any other criteria can be used as each forwarding node chooses for itself how to distribute its credential tokens. The credentials include a blind signature that prevents the forwarding node from directly determining which node was issued the credential (preventing the forwarding node from learning the network identity of the spender). In LN today, spenders choose a path from their node to the receiving node across multiple channels operated by independent forwarding nodes
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Negative fees could be used by merchants to incentivize others to restore inbound capacity to channels frequently used for receiving payments. People could sell that information or use it internally to configure their channels accordingly, right? So time is of the essence, especially right now, with prices escalating precipitously. This function is useful if you wish to check a lock time against various other locks e.g., filtering out locks which cannot be satisfied. I will say, if you think that the capped supply of Bitcoin will work out fine and might be better, you can still have the benefits of Monero with Wownero, which is a Monero fork with a capped supply and doge-tier memes (it also has a higher ring signature size of 22 which might theoretically be better for privacy (or overkill)). This smaller signature results in lower fees and the fact that the signature is a known 32 byte size helps with more accurate fee estimation. Reasons for this decline include high transaction fees due click to investigate bitcoin's scalability issues and long transaction times
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For example, if Bob’s node issues a new credential to Alice, who then tries to sell the credential to Carol, there’s no trustless way for Alice to prove she won’t try to use the token herself even after Carol has paid her. ● Previous success: if a payment that Alice sent through Bob’s node is successfully accepted by the ultimate receiver, Bob’s node can return a credential token to Alice’s node-or even more tokens than were previously used, allowing Alice’s node to send additional value through Bob’s node in the future. Typically, though, what happens is that the promoters of the airdrop will outright try to take advantage of you, or will want something in return. This is moving slowly, and I hope it gets done at some point, but this is going to take time. The electricity mix of the Bitcoin network over time. According to the Cambridge Bitcoin Electricity Consumption Index, Bitcoin would rank as the 27th highest user of electricity, if it were a country as of April 2023. It would rank 70th in terms of its greenhouse gas emissions. When burned, coal and natural gas emit greenhouse gases, which heat the Earth and change t
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Most notably, setting the reserve to zero can allow the remote peer to spend all of their funds, emptying their channel. This merged PR allows the user to reduce the reserve for a specific channel, including reducing it to zero. 26116 allows the importmulti RPC to import a watch-only item even if the wallet’s private keys are encrypted. The sub-account feature allows users to create and manage as many as 200 sub-accounts under their main account. The process would be somewhat similar to generating the type of checksum that Peter Todd described, although it would require using a special lookup table which ordinary users would be unlikely to memorize. This week’s newsletter describes a proposal to mitigate LN jamming attacks using reputation credential tokens. This week’s newsletter summarizes a discussion about the fastest way to verify that a BIP32 master seed backup probably hasn’t been corrupted without using any digital devices.