4. május 2022. / Unchained Daily / Laura Shin

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Daily Bits 

• The SEC announced it is növekvő the size of its crypto unit from 30 to 50 people and SEC commissioner Hester Peirce is nem a fan of the expansion.

• Kraken opened up a várólista for a forthcoming NFT platform.

• Ethereum Name Service domain registrations meghaladta 1 millió.

• BTC mining revenue esett in April; ETH mining revenue rose.

• CoinShares jelentett a fall in earnings in Q1.

• Fantom hálózat szűken escaped a series of potentially devastating liquidations this week.

• El Salvador may have baj paying back an $800 million bond in January 2023 if its “Bitcoin Bond” does not reach the market.

• MicroStrategy took a $170 million értékvesztés charge on its BTC in Q1.

• Crypto stakeholders költött $4 million on DC lobbying in Q1.

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Ma a kriptográfiai elfogadásban…

• Everyday BTC usage in El Salvador is “low and concentrated,” azt mondja, the National Bureau of Economic Research.

• A county in Virginia is figyelembe véve yield farming for pension system investments.

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A $$$ sarok…

• Jane Street Capital plans to kölcsönkér up to $25 million in USDC.

• Testület emelt $6 million to grow its web3 investment club platform.

• Decrypt, the web3 media outlet, emelt $10 million and is now independent of ConsenSys.

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Mit mémelsz?

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Mi az a Poppin?

BIP 119 Isn’t Controversial – But Rushing It Is

 

Bitcoin developer and researcher Jeremy Rubin közzétett BIP-119, a Bitcoin Improvement Proposal that introduced a new coding instruction known as the OP_CHECKTEMPLATEVERIFY (CTV) opcode.

The core of BIP-119 is it allows Bitcoin transactions to have restricted use in the future – meaning transactions can be programmed in a limited manner. In BIP-119 terminology, this restriction on future use is called a “covenant.”

According to Rubin, such covenants can be helpful in times of network congestion. For instance, with CTV, an exchange (or “large volume payment processor”) would be able to aggregate payments into a single transaction during times of congestion and then wait until demand for blockspace decreases before settling the individual payments.

Furthermore, Rubin argues that CTV would decrease the latency of Lightning Network payments by allowing users to route through many more channels, as CTV can bundle hashed timelock contracts (HTLCs) – which are a sort of time-based escrow and limit the number of channels that can be constructed on the L2. In addition, Rubin believes that CTV will make it easier to execute trustless CoinJoins (which mask BTC transactions).

The idea of covenants does not appear to be controversial – especially given the limited contexts that Rubin outlines. However, BIP-119 has caused quite a stir in the community due to Rubin’s choice to propose its implementation via the “Speedy Trial” process.

Here is the actual text:

“Deployment could be done via BIP 9 VersionBits deployed through Speedy Trial. The Bitcoin Core reference implementation includes the below parameters, configured to match Speedy Trial, as that is the current activation mechanism implemented in Bitcoin Core. Should another method become favored by the wider Bitcoin comminity, that might be used instead.”

A Speedy Trial process was developed by David Harding and Russell O’Conner to give structure to the Bitcoin soft-fork process. Essentially, a Speedy Trial sets parameters that if at least 90% of blocks mined in a designated period signal yes, then the activation for a soft-fork can begin. Notably, the Speedy Trial process was used recently to vote for the Taproot upgrade, which went into effect earlier last year.

What makes BIP-119 different is that Taproot was first javasoltin 2018. BIP-119, however, was only just proposed in mid 2020 – leaving many prominent Bitcoiners worried that the soft fork is being rushed through without proper understanding or study.

For example, noted Bitcoin OG and educator Andreas Antonopoulos called Rubin’s choice of a Speedy Trial activation “entirely inappropriate” in a videó earlier this week. And Peter McCormack, the host of What Bitcoin Did, wrote a szál for laypeople breaking down his worries about BIP-119, with his number one point being this:

“I assumed there was a pretty set process for BIP review, agreement and activation. I’m nervous that something might get activated that a bunch of people just don’t agree with. I thought #bitcoin was a glacier.”

As for Rubin, he has stood by his decision to recommend BIP-119 – even going as far as to közzétesz seven theses for the upgrade and comparing them to that of Martin Luther’s 99.

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Ajánlott olvasmányok

1. @zachxbt on his latest on-chain research leading to an FBI investigation:

2. NFT artist Jonathan Mann on cc0 licenses:

3. @gbaciX on Polkadot for beginners:

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On The Pod…

RAC és David Greenstein: Miért jobbak a zenei NFT-k, mint a Spotify

 

André Allen Anjos, aki ismertebb nevén a kriptobarát művész RAC, és David Greenstein, a Sound.xyz, egy web3 zenei platform társalapítója elemzi a web3 zenei színtér jelenlegi állapotát, és megvitatja, hogyan használhatják ki a művészek a web3 eszközeit. hogy méltányos piaci értéket kapjanak a művészetükért. Fénypontok megjelenítése:

• A RAC tapasztalata a hagyományos zeneiparban

• miért hiszi David, hogy a zene a leginkább alulértékelt ágazat a világon – és hogyan segíthet a hang és a kriptográfia helyesen értékelni

• a különböző típusú NFT-k, amelyekkel olyan zenészek kísérleteznek, mint a RAC

• mi az a Sound.xyz, és hogyan segíti a művészeket rajongói bázisuk és közösségük felszabadításában

• David miért olyan szenvedélyes a közösségi élmény megteremtésében, amikor a zenei NFT-kről van szó

• A Sound.xyz döntése, amely lehetővé teszi a művészek számára saját intelligens szerződéseik alkalmazását

• mit produkált a RAC az NFT-ben a Spotify adatfolyamokhoz képest

• miért készült a Sound.xyz „kiadásokkal”, mint a platformon értékesített NFT-k leggyakoribb formátumával

• amitől a blokklánc technológia alkalmas a zeneipar számára

• A RAC kripto kalandjai: $TAPE, $RAC és még sok más…

• hogyan működne a híres „Amen Break” minta NFT-ként

• mihez mérik majd a művészeket az NFT világában

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Könyvfrissítés

Itt vásárolhatod meg: http://bit.ly/cryptopians

A poszt Ez a Bitcoin-javaslat „teljesen nem megfelelő”? jelent meg először Lánc nélküli Podcast.

• Coinsmart. Európa legjobb Bitcoin- és kriptográfiai tőzsdéje.
• Platoblockchain. Web3 metaverzum intelligencia. Felerősített tudás. SZABAD HOZZÁFÉRÉS.
• CryptoHawk. Altcoin radar. Ingyenes próbaverzió.
• Source: https://unchainedpodcast.com/is-this-bitcoin-proposal-entirely-inappropriate/