4 mai 2022 / Unchained Daily / Laura Shin

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Biți zilnic 

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

• Kraken opened up a Lista de așteptare for a forthcoming NFT platform.

• Ethereum Name Service domain registrations depășit 1 milioane de euro.

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

• CoinShares raportate a fall in earnings in Q1.

• Rețeaua Fantom cu atenție escaped a series of potentially devastating liquidations this week.

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

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

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

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Astăzi în Crypto Adoption...

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

• A county in Virginia is luand in considerare yield farming for pension system investments.

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Colțul $$$...

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

• Sindicat ridicat $6 million to grow its web3 investment club platform.

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

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Ce îți amintești?

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Ce este Poppin '?

BIP 119 Isn’t Controversial – But Rushing It Is

 

Bitcoin developer and researcher Jeremy Rubin publicat 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.”

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 propusin 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 video earlier this week. And Peter McCormack, the host of What Bitcoin Did, wrote a fir 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 publica seven theses for the upgrade and comparing them to that of Martin Luther’s 99.

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Citiri recomandate

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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Pe pod ...

RAC și David Greenstein despre De ce Music NFT-urile sunt mai bune decât Spotify

 

André Allen Anjos, care este mai bine cunoscut drept artistul prietenos cu criptografii RAC, și David Greenstein, co-fondatorul Sound.xyz, o platformă muzicală web3, analizează starea actuală a scenei muzicale web3 și discută despre modul în care artiștii pot folosi instrumentele web3. să fie plătiți la valoarea de piață justă pentru arta lor. Afișați cele mai importante momente:

• Experiența RAC în industria muzicii tradiționale

• de ce David crede că muzica este cel mai subevaluat sector din lume – și cum sunetul și cripto-ul pot ajuta să o valorizeze corect

• diferitele tipuri de NFT cu care muzicieni precum RAC experimentează

• ce este Sound.xyz și cum îi ajută pe artiști să-și deblocheze baza de fani și comunitatea

• de ce David este atât de pasionat de a crea o experiență socială când vine vorba de NFT-uri muzicale

• Decizia Sound.xyz de a permite artiștilor să-și implementeze propriile contracte inteligente

• ceea ce a făcut RAC în picături NFT în comparație cu fluxurile Spotify

• de ce Sound.xyz a fost creat cu „ediții” ca cel mai comun format pentru NFT vândute pe platformă

• ceea ce face ca tehnologia blockchain să fie potrivită pentru industria muzicală

• Aventurile criptografice ale RAC: $TAPE, $RAC și multe altele...

• cum ar funcționa celebrul eșantion „Amen Break” ca NFT

• prin ce vor fi măsurați artiștii în lumea NFT

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O puteți achiziționa de aici: http://bit.ly/cryptopians

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• Source: https://unchainedpodcast.com/is-this-bitcoin-proposal-entirely-inappropriate/