Crypto 360°

Tuesday, 19 January 2021

Blockstream does the exact samething thing they criticized Bitcoin.com for doing

submitted by /u/UnknownEssence
[link] [comments]

source https://www.reddit.com/r/btc/comments/l0djll/blockstream_does_the_exact_samething_thing_they/

why was block compacting never done?

i've seen this in the white paper:

Reclaiming Disk SpaceOnce the latest transaction in a coin is buried under enough blocks, the spent transactions beforeit can be discarded to save disk space. To facilitate this without breaking the block's hash,transactions are hashed in a Merkle Tree [7][2][5], with only the root included in the block's hash.Old blocks can then be compacted by stubbing off branches of the tree. The interior hashes donot need to be stored. A block header with no transactions would be about 80 bytes. If we suppose blocks aregenerated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systemstypically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of1.2GB per year, storage should not be a problem even if the block headers must be kept inmemory.

is there some reason why that can't be done? the bitcoin blockchain, the longest so far, should only be 4.2MBx10 years = 42MB total?!

submitted by /u/I_SUCK__AMA
[link] [comments]

source https://www.reddit.com/r/btc/comments/l0btg5/why_was_block_compacting_never_done/

New Subreddit to Monitor Regulatory Space Surrounding Crypto

If anyone is interested, I started a new community where you can get (and I'm hesitant to use this word) centralized and concise information about the regulatory environment surrounding cryptocurrency.

Posts will contain only the summarized and professional commentary from the source linked therein. The requirement is that the source, inclusive of the event or proposal, be either from a government or major financial institution (it sucks, I know). But the goal is to stay away from opinion, speculation, and clickbait pieces, and this will allow cryptocurrency users to stay updated on real-time policy—and how it might affect their holdings. There will be absolutely no opinion or interpretation of the policy in the post. The comment section will be open for thoughtful discussion and questions to help clarify the post. Low-effort, opinionated, and overtly critical comments will be discarded.

For someone like me that has a large part of their savings in cryptocurrency, it is extremely important to stay educated and informed on this new developing space. With crypto's recent uptick in popularity and mainstream adoption, the number of organizations overseeing this space are growing, and their proposals are becoming lengthier and more complex. Thus it's extremely important to have a community that follows their/this involvement.

submitted by /u/UglandHouse
[link] [comments]

source https://www.reddit.com/r/btc/comments/l0axke/new_subreddit_to_monitor_regulatory_space/

Block 666,666 was mined today and has a message: “Do not be overcome by evil, but overcome evil with good - Romans 12:21”

submitted by /u/MaxQuordlepleen
[link] [comments]

We proudly announce the launch of Arcane-Node, a project that wish to change BTC forver.

It was a hard decision to decide where to promote our project first, but in the end we decided that this community is probably the one that will not censor us and will share our passion the most. In fact it was the community that inspired us into starting the first steps towards the actualization of our goal.

As you all know, there's an antagonism between btc-enthusiasts and bch-enthusiasts which goes long way back to the point where BCH was firstly invented. Additionally more people are turning into BCH because it offers them the economical simplicity that bitcoin was supposedly created for. Meanwhile others continue being persistent with using bitcoin, and bitcoin despite its flawed form continues to be on the top of the cryptocurrencies in terms of popularity.

But what would happen if someone were to use the popularity of BitCoin, while also using the dynamic of Bitcoin-Cash?

That question of course has a very obvious answer which is "impossible unless you created a new cryptocurrency or change bitcoin its self then it won't be bitcoin it will be bitcoin-cash."

Which is what lead us to this question:

"If you can't change the cryptocurrency, why not offer something that forces the cryptocurrency to change instead?"

I won't deny that BCH succeeded in that but even by doing so the BTC still hasn't and that's where our goal lies begins, our goal is to make BTC operate almost identically to BCH.

Just imagine how it would be to be able to use BTC despite its constantly increasing price, the same way you use BCH.

Many professionals and promoters of big companies we spoke with, claimed that we won't succeed in making our dream reality because the amount of support, assets, and coding is beyond our scope.

That's a harsh fact that we are prepared for, but don't accept. Because we believe in the dream of satoshi and we all have our own personal and ideological reasons why we wish to make this reality. It's not a business or another app for us it's an ambition.

Also we managed to prove that we're capable of build a bitcoin wallet that pass all the security tests of every company, but also vastly minimizes both transaction speed and fees. Even without the lighting network. You can test it on your own here our GitHub source code is completely open.

https://chrome.google.com/webstore/detail/arcane-wallet/naapchmljhgjejfafieccbplnkcebhfa/related?hl=en&authuser=0

If you haven't given up on bitcoin yet, or if you wish to turn bitcoin it was what it was supposed to , or you're at least curious about how it could be possible, you may check our site https://arcane-node.xyz/OurGoal/ it has a brief summarization of our game plan and a more ideological and technical explanation of why, when, and how.

We faced many obstacles and we were rejected by many big companies that we presented our theory to. which claimed that what we do will "put their companies to the spot and they can't risk it". But bitcoin was created for the people not companies.

Thank you for your time and attention. And if you have any ideas that could assist us in our goal please comment them below. We're currently try to gather enough capital to hire enough developers and promoters to spread this and integrate the best technology possible.

In case you wish to assist here are the two addresses dedicated to this project.

Bitcoin Address: 17fUYJZ6Vpx5ePUFQcDDT9BKjzAAyMRZ2a

BCH Address: qqhsd2v8aw7zjsecr4jy2v8985pttvx9qvmzulrcga

All the donations will be used to hire promoters and developers and journalists.

We also look for moderators or administrators for both our reddit community/ discord server/ and site, if anyone is interested comment below.

submitted by /u/august8th-
[link] [comments]

source https://www.reddit.com/r/btc/comments/l0c2w3/we_proudly_announce_the_launch_of_arcanenode_a/