..

New functionality for Bitcoin Cash Makes it a Smart Contract Contender

Written by:
Guest
Published on:
May/07/2018

Ethereum is the blockchain with the most activity in the Blockchain 2.0 space, reportedly drawing away plenty of the original bitcoin developers. 

But ethereum has since suffered some setbacks, especially when it comes to scalability.  This has resulted in the potential for bitcoin cash to - well - cash in on some opportunities.

WellStreetTechnologist.com explains:

On May 16th 2018, BCH will be hard forking as part of their scheduled 6m update schedule, and one of the most exciting things that will be changed in the upgrade is the re-enabling of some of the old OP_CODES which were disabled by core developers out of fear that they may be insecure or open up attack vectors on the network back when the codebase was immature, and the network very small.  For the computer scientists reading this, the interesting instructions are OP_CAT and OP_XOR.  (concatenate, and logical XOR).  I won’t go into why these are very important, but if you are interested then you can read about how Bitcoin is effectively a Turing machine. This means that arbitrary calculations can be done on Bitcoin, using a method that separates the DATA and CODE from the proof of execution.  For the technically inclined, the analogy would be the Bitcoin blockchain transactions effectively becomes a micro instruction table, a set of CPU registers, and a program stack pointer.  All the data, the code, and storage is elsewhere.  This makes the Bitcoin model much simpler than the Ethereum model (store and compute everything on the blockchain nodes).

CoinCheck Resumes Monero Transactions

Japanese exchange Coincheck has announced partial resumption of operations with Monero. Its clients will be able to withdraw and sell XMR, but purchases are still unavailable. All previous requests for transactions have been canceled and users will have to initiate new transfers. They will be required to confirm the destination address, and state the purpose of each transaction.  Read More From Bitcoin.com News

51% Attack on Bitcoin Means Mutually Assured Destruction

What would happen if bitcoin were to suffer a 51% attack? It’s a hypothetical question, but one that has troubled some of the community’s brightest minds  Read More From Bitcoin.com News

- Aaron Goldstein, Gambling911.com

Business/Financial News

Craig Wright Media Darling as Some Ponder BSV at $10K

Craig Wright Media Darling as Some Ponder BSV Hitting $10K

Dr. Wehrmann points to real use cases for Bitcoin SV as the catalyst for huge growth potential.   These include Money Button, a user friendly Bitcoin SV service provider, right now already has 150 active businesses using it.  Also EHR Data Inc's plan for 5,000 to 6,000 transactions per second.

Bitcoin Creator Craig Wright 100% Satoshi Nakamoto Says Miami Jury: Responds to Verdict (LIVE STREAM)

It's official!  Dr. Craig Wright is Satoshi Nakamoto, founder of Bitcoin!!!

Bitmart Suspends Withdrawals Following Apparent $200K Hack

Bitmart Suspends Withdrawals Following Apparent $200K Hack

Customers of the cryptocurrency exchange Bitmart fear the worst after it confirmed a $150K hack Saturday night.  Blockchain security and data analytics firm Peckshield estimates that the loss is closer to $200 million however.

BitMart Exchange Hacked, Reportedly Loses $196 Million

BitMart Exchange Hacked, Reportedly Loses $196 Million

One of the most devastating digital currency exchange hacks on record occurred late Saturday night as Bitmart reportedly lost some $196 million in various cryptos.

Jurors in Kleiman-Wright Case Worried Over Job Terminations

"Can we please get letters for our employers to let them know this is going to keep going"...

Syndicate