@TomZ
@TomZ
Supporting UTXO Commitments Running the backbone of modern crypto systems, like Bitcoin Cash, are so called "full nodes". They earn that name by being able to download the raw transaction blocks and validating them to comply with hundreds of rules. They end up with a current state UTXO database. This current state database is a fraction of the size of the entire blockchain because it only records where money currently is. Whereas the blockchain as a whole tells us also where…
@TomZ
How well does zero-conf work? hey guys, just wanted to add some details around the actual state of the zero-conf transaction security right now on the Bitcoin Cash chain as this is pretty exciting and I feel its in need of more attention. For those that are just tuning in, zero-conf transactions are the ones that have not been put in a block yet and double spending is absolutely solved by a transaction being mined. So, the question is sometimes raised on how risky it is to…
@TomZ
Crypto's real goals The Chinese proverb "May you live in interesting times" has always been said to be a blessing and a curse in equal measures. Honestly, for most of my life this idea did not really mean much to me and I simply acknowledge that I've heard this one before. However, in the last 2 years I've started feeling this. We really do live in very interesting times and I am in equal measures scared of war and famine and excited about changes in power structures. Ever…