Monero’s (XMR) lead developer, Riccardo Spagni, helps Jameson Loop discredit Craig Wright

On 9th May 2019, Jameson Loop had published an op-ed on Bitcoin Magazine where he discredited Craig Wright’s claim of being Satoshi Nakamoto.

On 9th May 2019, Jameson Loop had published an op-ed on Bitcoin Magazine where he discredited Craig Wright’s claim of being Satoshi Nakamoto. Under the legal counsel of Craig Wright, Jameson Loop’s article has been geo-blocked in the UK and Australia.

Following the Geoblocking of the article, a number of people joined together and copy pasted the article on other websites to ensure people in the UK and Australia can read the article. Riccardo Spagni, the lead developer of the privacy-focused cryptocurrency, too created several copies of the article, so people can read it.

If you’re in the UK or Australia and want to read up on how Craig Wright is a massive fraud, I’ve got you covered fam.https://t.co/sw72iVc9qghttps://t.co/hiqrxdOCK0

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— Riccardo Spagni (@fluffypony) May 9, 2019

Jameson Loop’s Op Ed

Jameson Loop, the lead developer at CASA, wrote an op-ed in which he points out flaws in Craig Wright’s claim that he is Satoshi Nakamoto. He uses past actions of Satoshi Nakamoto and compares them with statements Craig Wright has said publicly.

Some of the points raised by Jameson Loop are,

  1. Satoshi Nakamoto always mentioned Bitcoin as “Bitcoin” while Craig Wright in his early writings from 2011 mentioned Bitcoin as “Bit Coin”.
  2. Wright said that he never called Bitcoin as “cryptocurrency” while Satoshi Nakamoto did on many occasions.
  3. Craig Wright publicly said “I am a lawyer and this [financial law] is my area of specialty,” while the real Satoshi Nakamoto in 2010 said “I am not a lawyer and I can’t possibly answer that”

The entire article can be read here.

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Bitcoin’s Liquid Sidechain Makes a Splash on Bitfinex

Embattled Bitfinex has announced the integration of Blockstream’s Bitcoin sidechain, the Liquid Network. The upgrade is already seeing users …
bitcoin liquid sidechainBitcoin Technology

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Georgi Georgiev| May 10, 2019 | 11:00


Embattled Bitfinex has announced the integration of Blockstream’s Bitcoin sidechain, the Liquid Network. The upgrade is already seeing users impressed with faster and more private transactions.


Bitcoin Liquid Integrated At Bitfinex

One of the biggest cryptocurrency exchanges in the world, Bitfinex, has announced the integration of Blockstream’s Liquid Network.

The Liquid Network is an inter-exchange settlement network which links together cryptocurrency exchanges and institutions in order to enable quicker Bitcoin transactions, as well as the issuance of digital assets.

According to the official announcement, the integration will allow for tighter exchange spreads, faster trading, as well as improved confidentiality.

Speaking on the matter was Paolo Ardoino, CTO at Bitfinex, who outlined:

Issuing Bitcoin, stablecoins, and various other digital assets under one blockchain platform makes a lot of sense. […] It reduces the integration burden for an exchange like ourselves, and traders can manage all their assets from a single wallet application. We’re excited to be active on the Liquid Network, and we’re looking forward to watching it develop.

Results Are Already Showing

The integration of Liquid is already proving to be worthwhile, according to derivatives trader Federico (@Federico_Xmas), who noted:

Just tried transferring BTC from TheRockTrading to Bitfinex using Blockstream Liquid, the transaction was executed and confirmed in less than 5 minutes, and best of all the amount is confidential to outside observers. Congrats to both exchanges and all other people involved.

Just tried transferring BTC from @TheRockTrading to @bitfinex using @Blockstream Liquid, the transaction was executed and confirmed in less than 5 minutes, and best of all the amount is confidential to outside observers. Congrats to both exchanges and all other people involved 👏

— Federico 🎅 (@Federico_Xmas) May 9, 2019

Unlike Bitcoin’s public blockchain, transactions carried out on liquid are private by default. This means that the amounts, as well as the types of assets transacted, are hidden from third parties.

Liquid Network Gaining Traction

Launched in October 2018, the Liquid Network is quickly gaining traction all throughout the space. According to a recent blog post, the network has added 14 new members, including Bluefire Capital, Huobi, OpenNode, Gate.io, and others.

liquid bitcoin

Moreover, the company has revealed that further integrations are also going to go live in the coming weeks. Perhaps one of the more interesting upcoming developments is the fact that BitMEX is also working with Blockstream to support L-BTC deposits and withdrawals.

Additionally, Tether (USDT), and Stably (USDS) have also revealed plans to launch on Liquid.

Back in March, Blockstream also released a user-geared wallet for its Liquid sidechain asset called Liquid Bitcoin (L-BTC).

Bitfinex meanwhile was recently served with a court order by the New York Attorney General, alleging a cover-up of $850 million in losses. While no charges are being sought at the time, the exchange says it’ll fight the ‘false assertions.’

What do you think of Bitfinex integrating Liquid? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock

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How does public blockchain technology work?

The blockchain was initially introduced with Bitcoin by Satoshi Nakamoto, a person or group of people who remains anonymous. Although there is no …

Blockchain technology, the base layer that works as the database where crypto transactions live, exists in the realm of DLTs, or distributed ledger technology. Although a blockchain is always a DLT, a DLT may not be a blockchain.

The difference between DLTs and blockchain is based on permissions and roles. While in the first system there can be multiple roles assigned to different users, such as administrator, operator and so on, in a blockchain all users have equal permissions and rights.

Explaining blockchain technology

Blockchain technology is a cryptographically secured distributed ledger run by crypto incentives that allows network nodes to transact in a peer to peer (P2P) decentralised fashion, and to reach consensus on the state of every transaction of the global network chain. Implementing disintermediation can reduce failures inherent to centralised platforms, such as lack of transparency, corruption, coercion, censorship, excessive market power and transaction costs.

The blockchain was initially introduced with Bitcoin by Satoshi Nakamoto, a person or group of people who remains anonymous. Although there is no reference to its name on the original Bitcoin whitepaper, the blockchain represents the database where original Bitcoin transactions live.

When practitioners and scholars refer to blockchain in general, they refer to an open governance where everyone can participate in the P2P network and validate transitions, and to the data infrastructure, which is composed of a chain of blocks in a distributed ledger nature (distributed database). In terms of infrastructure, all cryptos present a blockchain infrastructure, like the original Nakamoto idealisation. However in terms of governance openness, post-Bitcoin blockchain cryptos tend to present other degrees of openness. These no longer represent the initial conception of Nakamoto’s Blockchain.

Public blockchain components

A public blockchain is composed of five main technologies:

  1. A public distributed ledger, or database, where information is written through posting transactions. Any user can write to this database by sending or receiving a transaction. Addresses are pseudo-anonymous and all recorded information is linked in multiple blocks, all time-stamped by the creator.
  2. PGP encryption, or pretty-good-privacy, that creates private-public addresses. This technology allows any user to prove they are the owner of a piece of data, without showing their master key (or password). In essence we can show another user we are the owners of an address (an account) without showing our credentials. It gives users much needed privacy to transact independently digitally.
  3. A cryptocurrency, or token, that is associated to all transactions that occur on any given blockchain. Tokens can grant its owners different properties, such as the right to write on that blockchain, voting-rights, income-rights and so on. A token can be a representation of a good, a currency, a collectible, or a digital representation of any asset. Cryptocurrencies are essential as they give an incentive for users to keep the network secure.
  4. Distributed consensus, usually associated to proof-of-work (PoW), or the technology that requires any user who wishes to validate transactions and to keep the network secure, to waste energy by resolving complex computational problems. The incentive is the cryptocurrency reward validators (or miners) receive for keeping the blockchain secure. The idea is that by requesting blockchain validators to keep wasting energy in order to find the solution to the computational problem at hand, usually called hash, we maintain the security of the network by making it hardly impossible for anyone to have more than 51% of the voting power. Thus, consensus remains decentralised.
  5. A permissionless P2P network, in order for users to own their cryptocurrency and not depend on third-parties (like banking infrastructure of traditional payment channels). It allows them to transact freely with one another. P2P is based on the idea users can be the owners of their data, as it gets stored publicly but can only be accessed by the owner who possesses the right key-pair.
DLT Blockchain
Permissionless P2P No Yes
Distributed database Yes Yes
PGP Encryption Yes Yes
Cryptocurrency No Yes
Distributed consensus Yes Yes

Conclusion

Blockchain technology can help build a better web 4.0, however, cryptocurrency enthusiasts should focus on permissionless and public technology, rather than private-blockchain use-cases, simply because the future is being built on top of a permissionless technology.

If we do not make an effort to start promoting increased value-sharing between companies and users, we might be unable to find solutions to many of the data and money ownership issues we have to deal with nowadays.

The post How does public blockchain technology work? appeared first on Coin Rivet.

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Blockchain in Telecommunication and Post Services Market Research Report is Impacting in …

Microsoft Corporation, IBM Corporation, Juniper Networks Inc., SAP SE, Accenture Plc, Coinbase, Blockchain Tech Ltd, Earthport PLC, BitFury Group …

Blockchain in telecommunication and post services is used for applications such as promoting, smart contracts, roaming services, and identity as a service. Major features driving the blockchain in telecommunication and post services market is the amplified use of blockchain in telecommunication and post services for designing crypto-currencies, and secure platform for financial transactions. The blockchain technology is being accepted in various industries and applications due to its secured transaction process. Blockchain is an evolving technology that continues a decentralized record of historical records by the uninterrupted formation of blocks in a chain. It is an open ledger that competently stores and manages businesses made between two individuals.

Companies Profiled in this Report includes,

Microsoft Corporation, IBM Corporation, Juniper Networks Inc., SAP SE, Accenture Plc, Coinbase, Blockchain Tech Ltd, Earthport PLC, BitFury Group Ltd, Atos SE

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Atomic Swap: Presented by Decred and Zebpay

Decred is a community-directed digital currency designed to be a superior store of value for generations to come. Its hybrid PoW+PoS consensus …

Ditto PR and The Block are delighted to host “Atomic Swap” on Wednesday, May 15 in NYC during NYC Blockchain Week. In the words of Ditto PR founder Trey Ditto: “Speculative investments? Yawn. Crypto as a transformative technology? Been there, done that. Join @DittoPA and @TheBlock__ at #AtomicSwapNYC to be part of a new conversation on blockchain and crypto as a social and political movement.”

We are thrilled that a unique group of leading companies, projects and people will be sharing insights on crypto through a very different lens than every other conference.

Atomic Swap is possible due to the generous support of Decred and Zebpay, two projects that have been terrific partners to Ditto PR in preparation for the event. Through their support, Atomic Swap has been able to attract an audience of 200 leaders from the crypto ecosystem who will challenge and engage with the ideas throughout the day.

Decred is a community-directed digital currency designed to be a superior store of value for generations to come. Its hybrid PoW+PoS consensus mechanism, transparent proposal and voting system, and continually funded treasury make it secure, adaptable, and self-sustaining. Decred’s unique governance system is inclusive and decentralized, designed to empower stakeholders to collectively make and change the rules. The team launched its off-chain proposal system Politeia in late 2018. Since then, community members have voted to create a DEX, hire a PR firm (Ditto), deploy Lightning Network testnet, and further decentralize the Treasury.

Zebpay is a crypto exchange operating out of Singapore used by over 3M crypto traders in over 132 countries and supports fiat to crypto trading. The team just launched trading services in Australia and has opened a new office in Melbourne this week on the heels of a busy winter with the deployment of Lightning Network transactions and scraping trading fees to zero for all users.
Ditto PR, The Block, Decred and Zebpay look forward to meeting you next week at #AtomicSwapNYC!

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