oxhak
Ox HaK

US government moves over $240M worth of seized bitcoin to Coinbase, causing concerns of potential sell-off impacting prices. Meanwhile, an anonymous donor sends 8 BTC ($500K) to support WikiLeaks founder Julian Assange's travel expenses. #Bitcoin #BTC

2024-06-26 21:30:23

AI is speeding up software development with a massive adoption spike: 78% developers now use or plan to use AI in the next 2 years, up from 64% in 2023! #AI #Tech #SoftwareDevelopment #Innovation

2024-06-26 20:30:24

Snapchat introduces new protections for teens to counter sextortion scams, including warnings and automatic friend request blocks from suspicious accounts. #CyberSecurity #TechNews #AI #Robotics #Innovation

2024-06-26 20:15:05

Bitcoin dips as the U.S. transfers $240M worth of Silk Road-related BTC to Coinbase. #Bitcoin #BTC #SilkRoad #Coinbase

2024-06-26 17:30:22

New critical MOVEit Transfer vulnerability (CVE-2024-5806) with a 9.1 CVSS score is actively exploited—patch ASAP to avoid becoming a target! #Cybersecurity #TechNews #Infosec

2024-06-26 13:30:20

Sensi.AI secures $31M Series B to enhance 24/7 monitoring for seniors, supporting their wish to age in place. This leap in AI technology aims to improve home care services significantly. #AI #Tech #Innovation #HealthcareTech #AgingInPlace

2024-06-26 02:30:22

Microsoft’s Mustafa Suleyman praises former rival Sam Altman for his genuine commitment to AI safety, marking a significant moment of collaboration in the tech industry. #AI #TechNews #Robotics #Cybersecurity #Innovation

2024-06-25 19:30:21

Google's next Made by Google event is set for August 13 at their Mountain View HQ, featuring new AI advancements, Android updates, and the latest in the Pixel lineup. Get ready for exciting innovations! #GoogleAI #TechNews #AI #Robotics #Cybersecurity #Pixel

2024-06-25 19:15:07

THNDR Games is revolutionizing online gaming by enabling players to win bitcoin. The company is now enhancing payment systems for virtual casinos and sports betting with the Bitcoin Lightning Network. #Bitcoin #BTC #LightningNetwork #GamingNews

2024-06-25 18:30:22

Stability AI secured crucial funding from notable investors including Sean Parker and Eric Schmidt, ensuring continued development of its generative AI tech. #AI #Tech #Robotics #Innovation #Cybersecurity

2024-06-25 18:15:07

Breaking: Congressman Matt Gaetz introduces bill to enable federal income tax payments in bitcoin, directing the Treasury secretary to develop an acceptance plan. Will political polarization affect adoption? #Bitcoin #BTC #CryptoPolicy #BlockchainLaw

2024-06-23 20:50:10

$BTC consolidating within Ichimoku Cloud. Support at $64119 holding, resistance ahead at $65325. MACD histogram points to reduced momentum. RSI near 40 suggests neutrality. Watch for breakout or breakdown. #Bitcoin #TechnicalAnalysis

2024-06-23 05:15:07

Crypto analyst Willy Woo outlines conditions needed for Bitcoin's recovery: sustained network growth, increased investor activity, and renewed macroeconomic confidence. Bitcoin's current all-time high stands at $73,750 from March. #Bitcoin #BTC #FinanceNews

2024-06-22 22:15:06

Bitcoin faces a crucial test as the $64,515 support level turns into resistance. Traders are watching to see if BTC can reclaim this level or face more downward pressure. #Bitcoin #BTC #CryptoNews

2024-06-22 20:50:10

$BTC facing resistance near $65351 with Ichimoku cloud acting as a barrier. MACD showing bearish momentum as signal line crosses above. RSI at 42, suggests more room for downside. Watch support at $63937 for a potential bounce. #Bitcoin #TechnicalAnalysis

2024-06-22 02:15:05

Banking crisis in the US causing analysts to predict a surge in bitcoin towards $100,000, despite current prices retracting from all-time highs. Bitcoin down 13% from $74,800 but optimism remains high for near-term growth. #Bitcoin #BTC #BankingCrisis #FinancialNews

2024-06-21 23:15:06

Market analyst Javon Marks predicts a major bullish reversal for Bitcoin, suggesting a potential new all-time high despite recent gloomy price movements and negative sentiment in the cryptocurrency market. #Bitcoin #BTC #BullishRun #CryptoMarket

2024-06-20 14:15:06

Bitcoin rallies to $66K as VanEck's spot Bitcoin ETF goes live on Australia's largest stock exchange! #Bitcoin #BTC #ETFs

2024-06-20 12:15:07

VanEck's Spot Bitcoin ETF debuts on Australia's largest stock exchange, ASX. This is the first spot bitcoin ETF available on the ASX, marking a significant milestone. #Bitcoin #BTC #ETF #Finance #Australia

2024-06-19 01:30:19

Nvidia has surged past Microsoft to become the world's most valuable company, driven by the booming demand for its GPUs in generative AI technology. Its market cap hit $3.335 trillion, reflecting a 160% share price increase in 2024 alone. #Nvidia #AI #TechNews

2024-06-18 20:26:07

$25k is the new $12k. 😂
#note1qr3…6dgn

2024-06-18 20:15:06

Bitcoin could be facing a correction soon according to market expert Titan of Crypto. Volatility in BTC has raised bearish sentiments, with the $25,000 level identified as a key point to watch. Stay updated! #Bitcoin #BTC #cryptocurrency #blockchain

2024-06-18 05:30:20

42% of companies plan to use API security for AI data protection, highlighting the critical need for robust data practices as 75% of enterprises push AI adoption, despite significant data quality issues. #AI #Cybersecurity #API #TechInnovation #DataProtection

2024-06-17 18:30:24

McDonald's is pulling the plug on its AI-powered drive-thru experiment after numerous humorous failures resulted in unintended mega orders. #AI #Robotics #TechNews #McDonalds

2024-06-16 12:17:19

Harvard experts propose using AI simulations for political polls due to low response rates from real voters. #AI #Polls #Innovation #TechNews #Cybersecurity

2024-06-14 18:17:55

Meta pauses plans to train AI with data from EU users after pressure from the Irish Data Protection Commission. This decision addresses regulatory concerns about user data privacy and compliance with European regulations. #Meta #AI #DataPrivacy #Tech #EU

2024-06-14 09:15:53

North Korean hackers are targeting Brazilian fintech firms using sophisticated phishing tactics, with one-third of phishing attacks in Brazil since 2020 linked to these threat actors. This highlights increased cyber espionage on Brazil's tech and financial sectors. #Cybersecurity #Phishing #Fintech #Brazil #NorthKorea

2024-06-13 21:22:01

Panera Bread warns employees of a data breach after a March ransomware attack stole sensitive personal information. #Cybersecurity #Ransomware #DataBreach #TechNews

2024-06-13 20:20:25

Stable Diffusion 3, released by Stability AI, is facing criticism for generating disturbing and mangled human images despite being touted as a sophisticated model. #AI #MachineLearning #TechEthics

2024-06-13 20:19:24

An AI chatbot named VIC is running for mayor in Cheyenne, Wyoming. Authorities are investigating its legitimacy as a candidate. #AI #Elections #Innovation

2024-06-13 20:18:24

A PoC exploit for a critical Veeam Recovery Orchestrator authentication bypass vulnerability (CVE-2024-29855) has been released. Patch immediately to avoid attacks. #Cybersecurity #Infosec #Vulnerability

2024-06-13 20:17:24

Testing robot vacuums requires patience and experimentation, influencing buyer decisions significantly. #Robots #TechTesting #SmartHome

2024-06-13 20:01:06

MicroStrategy announced a $500 million convertible debt offering to purchase more bitcoin, aiming to expand its already substantial bitcoin holdings. #Bitcoin #BTC #Finance

2024-06-13 14:21:54

NetSPI acquires Hubble to enhance asset and exposure management, integrating Hubble's Aurora into The NetSPI Platform for comprehensive attack surface visibility and management. #CyberSecurity #AssetManagement #TechAcquisition

2024-06-13 14:17:52

Apple's unique approach to AI goes beyond Genmoji, differentiating it from competitors by focusing on deeper integrations and innovations. #Apple #AI #TechInnovation

2024-06-11 23:45:05

Elon Musk has dropped his lawsuit against OpenAI and its CEO Sam Altman, which accused the company of breaching its contract and deviating from its mission of advancing AI for humanity's benefit. The case dismissal leaves room for potential refiling. #AI #OpenAI #ElonMusk #TechNews

2024-06-09 18:00:08

Samson Mow, a Bitcoin Maximalist, has identified a potential "Godzilla candle" scenario on Bitcoin's price charts, hinting at a possible surge to new all-time highs. #Bitcoin #BTC

2024-06-07 22:15:27

Adobe's new terms of service update has alarmed creatives, who fear their work may be used to train AI models like Firefly. Users are worried about privacy and rights over their content, leading to backlash. #Adobe #AI #PrivacyRights #DigitalArt

2024-06-07 21:00:11

Bitcoin network transaction fees have soared to nearly $52 due to temporary congestion with over 300,000 unconfirmed transactions on Friday morning. #Bitcoin #blockchain

2024-06-07 20:15:25

Doctor Who's anthology series, "Tales of the TARDIS," is making a return for a new mystery episode, celebrating classic episodes with newly recorded interstitials from Doctors and companions. #DoctorWho #TechNews #AI #Robotics

2024-06-07 20:00:11

Bitcoin ETF inflows are predicted to drive BTC price into a "parabolic run," keeping it steady above $69,000, analysts say. #Bitcoin #BTC

2024-06-07 18:15:23

‘Apple Intelligence’ may be the name for Apple's new suite of AI features. The tech giant is reportedly branding its upcoming AI functionalities under this new title. #Apple #AI #TechNews

2024-06-07 17:25:47

Apple Vision Pro still needs basic features like home screen organization. #WWDC2024 #TechInnovation #SpatialComputing

2024-06-07 16:15:30

Apple's AI initiative, dubbed "Apple Intelligence," focuses on practical AI features and enhanced security using a mix of on-device and cloud tech from Apple and OpenAI. Expect new capabilities for Siri and AI-driven functionalities in apps. #Apple #AI #Technology #Cybersecurity

2024-06-07 15:15:46

Blackmagic's DaVinci Resolve 19 now supports Qualcomm’s Snapdragon X Elite for Windows. This enhancement promises a significant boost in AI tool performance, benefiting content creators on the move! #AI #TechNews #ContentCreation #Qualcomm #DaVinciResolve

2024-06-07 15:00:07

Donald Trump has strategically embraced Bitcoin, aiming to attract voters supporting the cryptocurrency. #Bitcoin #Politics #Trump2024

2024-06-07 14:00:07

Bitcoin futures positions reach a record $37 billion, signaling strong interest and activity in the market. Analysts predict a surge in bitcoin price to $83,000. #Bitcoin #BTC #futures

2024-06-07 13:15:27

#WWDC2024 is just around the corner! Expect announcements about #iOS18, #MacOS15, and plans for generative #AI. What's the mystery behind those rings in Apple's invite? #TechNews #AppleEvent #GenerativeAI #Innovation #iOS

2024-05-27 19:20:39

The EU Commission is urged to prepare for blockchain and AI integration to enhance data security and decentralized AI networks. #Blockchain #AI #EU https://cointelegraph.com/news/eu-blockchain-ai-convergence-eubof-report

2024-05-26 11:08:07

Beware of « Bitcoin Layer 2 » solutions that use their own tokens instead of real bitcoins, especially those offering yield.

2024-05-26 08:57:04

Elon Musk's xAI partners with Oracle to build a supercomputer, dubbed "Gigafactory of Compute," to advance AI capabilities with 100,000 GPUs. #xAI #ElonMusk #AI https://x.com/oxhak/status/1794622870015942935

2024-05-25 20:51:58

AI tutors are changing how kids in the U.S. study, with leading apps from China. #AI #Education #EdTech https://techcrunch.com/2024/05/25/ai-tutors-are-quietly-changing-how-kids-in-the-us-study-and-the-leading-apps-are-from-china/

2024-05-25 17:19:39

Seriously considering switching to Nostr only. I'm surrounded by open-minded and intelligent people who see Bitcoin the same way I do, and most of the new followers I get on X are just spam bots.

2024-05-24 15:51:56

A fake Sparrow Wallet app on the Apple App Store mimicked the legitimate Bitcoin wallet, deceiving users and stealing their bitcoin. Despite removal efforts, such fraudulent apps often resurface. #Bitcoin #Security #Fraud https://bitcoinnews.com/opinion/sparrow-fake-bitcoin-wallet/

2024-05-24 14:06:30

Microsoft's Phi-3-mini AI model, small enough to run on phones or laptops, rivals GPT-3.5, enabling responsive and private offline AI applications. #AI #Tech #Innovation https://www.wired.com/story/pocket-sized-ai-models-unlock-new-era-of-computing/

2024-05-22 09:21:16

BlackRock's Bitcoin ETF saw a 6-week high inflow of $290M, comprising 95% of total U.S. spot Bitcoin ETF inflows amid a BTC rally. #Bitcoin #ETF #BlackRock https://cointelegraph.com/news/blackrock-bitcoin-etf-hits-6-week-inflow-high-btc-rally

2024-05-16 15:53:16

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The issue with cramps could likely be due to an imbalance in electrolytes, which is something to be aware of, especially if you’re consuming coffee. I’ve been on this diet for about two years, but I have had some breaks where I consumed carbohydrates. These breaks were often due to impulsivity associated with my ADHD, and I’ve consistently noticed that I feel much better when I stick to the diet compared to when I include carbs. My diet mainly consists of a variety of animal products including organic, grass-fed beef steaks, eggs, chicken, and occasionally, natural or organic salmon. I also include organic butter, some sheep's cheese, and sheep's yogurt in my diet. Additionally, I supplement with magnesium, crucial for managing my ADHD. It's essential to maintain a proper balance between salt, potassium, and magnesium.

2024-05-16 12:43:04

Learn more about Dr. Shawn Baker MD, a leader in zero-carb/carnivore diet therapy, who transformed my life and is revolutionizing healthcare through nutrition. #Health #Nutrition #ZeroCarb #Carnivore
https://twitter.com/oxhak/status/1791054482945523814

2024-05-16 10:24:31

Hackers build $20 open-source smart glasses at a San Francisco hackathon, offering a cheap, customizable alternative to Meta’s AI-powered Ray-Bans. #SmartGlasses #OpenSource #AI https://gizmodo.com/cerebral-valley-hackers-build-20-open-source-smart-gla-1851476656

2024-05-16 10:22:25

Bitcoin mining has evolved, now dominated by large-scale operations. Can ordinary users still mine Bitcoin in 2024 without large capital? Yes, but with caveats. #Bitcoin #Mining #Crypto https://bitcoinnews.com/opinion/can-you-still-mine-bitcoin

2024-05-13 07:34:48

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We definitely don’t need that, but it's still a better option for those who use it instead of switching to another blockchain.

2024-05-10 09:05:33

Apple apologizes for controversial ad showing creative tools crushed to create iPad Pro. #Apple #iPadPro #Advertising https://www.engadget.com/apple-apologizes-for-its-tone-deaf-ad-that-crushed-human-creativity-to-make-an-ipad-211116524.html

2024-05-09 16:15:02

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It's true that if we are not aware of recent events we can interpret it this way, the title refers to the recent wave of crypto privacy closures and arrests.

2024-05-09 08:19:31

Bitcoin is an ultimate store of value in a rapidly inflating market. #Bitcoin #Investment https://bitcoinmagazine.com/markets/your-wealth-is-melting-why-bitcoin-is-the-deep-freeze-your-portfolio-desperately-needs

2024-05-08 14:09:24

LocalMonero ceases operations amid declining privacy service landscape. #Monero #PrivacyCoins https://cointelegraph.com/news/local-monero-exchange-shuts-down-crypto-privacy-services-dwindle

2024-05-08 10:17:16

https://twitter.com/oxhak/status/1788116587343392863

2024-05-06 18:29:43

Bitcoin Privacy Outlook After CoinJoin Shutdown.
The imminent discontinuation of zkSNACKs' CoinJoin service marks a significant loss for the Bitcoin ecosystem, particularly affecting privacy. CEO Max Hillebrand confirmed the shutdown is to comply with U.S. regulations, underscoring the challenges facing privacy tools. Despite this, Hillebrand remains optimistic about Bitcoin privacy, noting other features in Wasabi Wallet will continue to offer enhanced privacy, albeit not at CoinJoin's level. The broader impact includes affected services like Trezor Suite and BTCPayServer, with future privacy solutions now in question.
#Bitcoin #Privacy #CoinJoinClosure #Regulation

2024-04-28 19:04:38

DTCC declares Bitcoin ETFs ineligible for collateral use in financial transactions.
The Depository Trust and Clearing Corporation (DTCC) has declared that Exchange-Traded Funds (ETFs) linked to Bitcoin will hold no collateral value. This decision affects their usability in securing loans or facilitating other financial operations where collateral is required. The DTCC, a key player in market clearing services, underpins this move with the intent to mitigate risks associated with digital assets.
In response to the DTCC's policy, starting April 30, 2024, all Bitcoin-linked ETFs will experience a total elimination of collateral value. While this ruling limits their use within DTCC's operations, it does not prevent other financial entities from accepting them as collateral, depending on their own risk assessments. Despite this, the overall market reaction shows a mixed sentiment, with some investors cautious about the potential liquidity constraints this could impose.
The broader implications of this policy could shape the landscape of Bitcoin investments. While it presents challenges, such as possible liquidity issues flagged by analysts, it also reflects the evolving regulatory and operational frameworks that surround digital assets. For Bitcoin enthusiasts and investors, staying agile and informed will be crucial as the market adapts to these changes.
#Bitcoin #ETFs #DTCC

2024-04-28 11:25:28

I've learned way more from social media than from school or TV. It’s a vital source of information if you can look past the noise, drama, and misinformation.

2024-04-28 09:10:49

Apple eyes OpenAI for iPhone AI enhancements, explores Google partnership.
Apple is reportedly negotiating with OpenAI to enhance the artificial intelligence capabilities of its iPhone products, as per Bloomberg. These discussions focus on integrating more advanced generative AI technologies into the iOS system, aiming to boost Apple's competitive edge in AI functionalities.
Despite this potential collaboration, Apple is also keeping its options open by considering Google as another possible partner in cloud technologies. This dual-path strategy may be part of a broader effort by Apple to revitalize its AI offerings, which have seemingly lagged behind those of competitors like Microsoft, which has greatly benefited from its partnership with OpenAI.
The ongoing negotiations and strategic explorations come ahead of Apple's annual Worldwide Developers Conference in June, suggesting that Apple is keen to make significant announcements concerning its AI strategy. This shift towards external partnerships, from a previously insular development approach, marks a significant strategy pivot as Apple seeks to reclaim its stature in the tech world amidst stiff competition.
#Apple #OpenAI #AIiPhone #TechPartnerships

2024-04-28 08:57:07

Phoenix and Wasabi Wallets withdraw from US amid regulatory scrutiny.
ACINQ's Phoenix Wallet and zkSNACKs' Wasabi Wallet have announced their withdrawal from the U.S. market following intensified regulatory oversight. This decision comes in the wake of actions taken against other self-custody Bitcoin wallet providers, stirring concerns over the classification and regulation of such services as money service businesses in the U.S.
zkSNACKs has explicitly barred U.S. users from accessing its Wasabi Wallet services as of their latest announcement on April 27. Similarly, ACINQ has advised users of its Phoenix Wallet to withdraw their bitcoins before new restrictions come into effect on May 2. Both companies are reacting to potential regulatory pressures after the SEC issued warnings and took actions against other entities in the Bitcoin space, suggesting a possible crackdown on unregistered financial services.
The landscape for Bitcoin wallet providers in the U.S. is becoming increasingly complex, with legal uncertainties prompting some to exit the market to avoid potential legal challenges. Meanwhile, users are advised to comply with the new policies and prepare for changes in how they manage their Bitcoin holdings.
#Bitcoin #Regulation #PhoenixWallet #WasabiWallet

2024-04-28 08:53:44

Strike CEO Jack Mallers predicts Bitcoin could hit $1M due to economic shifts.
Jack Mallers, CEO of payment platform Strike, recently articulated a vision where Bitcoin could escalate to a million dollars per unit. Mallers links his prediction to the instability in bond markets which might push governments to initiate bailouts, increasing liquidity and inflating asset prices, including Bitcoin. He highlighted that Bitcoin, with its fixed supply, stands out as an extremely hard form of money, immune to the inflation that affects fiat currencies.
Mallers also praised the capabilities of the Lightning Network, which Strike leverages to enable faster and more cost-effective Bitcoin transactions globally. This technology, according to Mallers, not only solves Bitcoin's scalability issues but also repositions it as a viable currency for everyday transactions, rather than just an investment.
Throughout the discussion, Mallers was critical of central banks and other cryptocurrencies, suggesting that Bitcoin's decentralized and capped supply model offers a unique financial stability. Furthermore, he outlined Strike’s future strategy to enhance its financial services around Bitcoin, underscoring his belief that Bitcoin will become the global reserve currency. Mallers' personal finance strategies include maintaining all his wealth in Bitcoin and utilizing credit for daily expenses, underscoring his confidence in Bitcoin's future value.
#BitcoinMillion #LightningNetwork #BitcoinFuture

2024-04-28 08:52:23

Bitcoin's seed phrase technology champions a peaceful shift in financial security.
Bitcoin's seed phrase is a revolutionary step towards a peaceful and fair financial environment, emphasizing a shift from physical asset protection to cryptographic security. These phrases, comprising 12 to 24 words, act as keys to Bitcoin wallets, offering a robust defense against the use of violence for wealth acquisition. Unlike tangible assets that can be physically seized, Bitcoin's cryptographic base ensures that wealth cannot be forcefully taken or corrupted.
This technology diminishes the allure of violence in wealth accumulation by rendering material wealth inaccessible through force. As global Bitcoin adoption increases, the emphasis on peaceful cooperation over conflict is expected to reshape societal interactions and economic incentives. Moreover, the mobility and resilience of seed phrases empower individuals, especially those in unstable or oppressive regions, to maintain control over their assets with enhanced security and privacy.
The potential of Bitcoin's seed phrase to cultivate a more equitable financial system lies in responsible usage and widespread understanding. By adopting secure practices and educational initiatives, society can harness this technology for significant transformation towards a non-violent and prosperous future.
#Bitcoin #FinancialSecurity #DigitalWealth

2024-04-26 08:18:15

Pension consultants adopt spot Bitcoin ETFs in a significant move.
Recent 13F SEC filings have revealed a notable trend where Global Retirement Partners (GRP), a major pension consultant with over $140 billion in assets under advisement, is actively investing in US spot Bitcoin ETFs. This move underscores a growing institutional acceptance of Bitcoin as a viable investment for retirement portfolios. GRP now holds shares in seven different Bitcoin ETFs and one Bitcoin mining ETF, highlighting a significant shift in strategy towards regulated Bitcoin investment products.
The adoption of Bitcoin ETFs by major institutional investors like GRP signals a broader shift in the financial landscape, where Bitcoin is increasingly seen as a mainstream asset. Earlier in the first quarter of 2024, other institutional investors, including wealth funds and banks, have also begun incorporating Bitcoin ETFs into their investment strategies. These ETFs offer a way for investors to gain exposure to Bitcoin without the complexities of direct custody, making them an attractive option for large-scale, regulated investments.
This growing institutional interest could potentially lead to a substantial increase in capital flowing into the Bitcoin market, as more retirement and pension funds seek secure, regulated exposure to Bitcoin through ETFs. The continued normalization of Bitcoin investment products by trusted consultants and the broader financial community may herald a new era of Bitcoin adoption among traditional financial entities.
#Bitcoin #InvestmentTrends #ETFs

2024-04-24 09:39:29

Understanding Bitcoin Address Types: A Deep Dive into P2PK, P2PKH, P2SH, and More.
Bitcoin has evolved significantly in terms of how transactions and addresses are handled on the blockchain. Initially, transactions used the Pay-to-Public-Key (P2PK) method, where bitcoin was directly sent to a public key. This method, exemplified by the first transaction between Satoshi Nakamoto and Hal Finney, has been phased out due to its cost, privacy issues, and security concerns.
Following P2PK, Pay-to-Public-Key-Hash (P2PKH) became the standard. Introduced shortly after Bitcoin's launch, P2PKH addresses improved security and efficiency by sending bitcoins to a hashed version of the public key. These addresses start with the number 1 and remain prevalent, holding a significant portion of the bitcoin in circulation.
As bitcoin's ecosystem grew, more complex transaction types were developed, such as Pay-to-Script-Hash (P2SH), which was implemented via a soft fork. P2SH addresses, starting with the number 3, allow for more flexible and secure arrangements, like multisig setups, where multiple signatures are required to spend bitcoins. This method enhances security by not revealing the spending conditions until the transaction occurs.
The introduction of Segregated Witness (SegWit) marked another major development. SegWit addresses, starting with "bc1q" for Pay-to-Witness-Public-Key-Hash (P2WPKH) and Pay-to-Witness-Script-Hash (P2WSH), help reduce transaction fees and block space usage. These addresses represent an advancement in the efficiency and cost-effectiveness of Bitcoin transactions.
Nested SegWit addresses were a temporary solution used during the SegWit adoption phase, allowing transactions from non-SegWit entities to SegWit addresses by wrapping them in P2SH addresses. This was crucial for encouraging broader adoption of the cheaper SegWit format.
The most recent development is the introduction of Pay-to-Taproot (P2TR) addresses with the Taproot update, which further reduces transaction fees and enhances privacy with Schnorr signatures. P2TR addresses, identified by a "bc1p" prefix, are designed to make multisig transactions indistinguishable from singlesig ones, adding another layer of privacy.
Understanding these developments is vital for anyone engaged in Bitcoin transactions, offering insights into how security, efficiency, and privacy have evolved in the Bitcoin network.
#Bitcoin #Blockchain #SegWit #Taproot #P2PKH #P2SH

2023-05-13 07:32:56

What is the best way to verify my account on Nostr?

2023-02-21 19:41:40

Never alone with Bitcoin.

2023-02-05 18:25:31

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These studies are easily corruptible with money, we are made to consume fat and protein from animal sources, not insects that contain many parasites.

2023-02-05 11:41:13

Bugz allowed in EU food, take care. https://cdn.discordapp.com/attachments/549237223053066261/1071741985062391879/IMG_0394.jpg

2023-01-07 04:01:34

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Use ffmpeg.