The Rise of the Crypto Ponzis and How to Identify Them

The Rise of the Crypto Ponzis and How to Identify Them

Introduction Bitcoin has often been hailed as bringing financial freedom by removing the need of governments, banks and middle men to store and remit money anywhere in the world in a matter of minutes with minimal fees. Its decentralization and the fact that Bitcoin addresses cannot be easily tied to a real life identity has […]

Mimblewimble: How a Stripped-Down Version of Bitcoin Could Improve Privacy, Fungibility and Scalability All at Once

Mimblewimble: How a Stripped-Down Version of Bitcoin Could Improve Privacy, Fungibility and Scalability All at Once

All (full) Bitcoin nodes verify all transactions on the network. This allows the system to be entirely trustless and decentralized, but also presents significant drawbacks. Privacy and fungibility are at odds, because public transactions allow anyone to trace the flow of bitcoins over the blockchain. Meanwhile, verifying a growing number of transactions adds to the […]