ADAvaultSome interesting news from the recent Cardano Summit in Dubai. BitcoinOS have succeeded in verifying the first ZK-Proof on Bitcoin, upgrading it to do everything that other blockchains can (albeit a little bit slower). And it did this without forking its code. So this opens up a lot of interesting options and one of the…
Bridges are an important part of the crypto landscape to provide liquidity and integration between crypto ecosystems such as Bitcoin, Ethereum and Cardano. Historically though, bridges have suffered from insecure and centralised implementations with a long history of compromise by threat actors. A new bridge between Cardano and Ergo (simplistically a PoW partner of Cardano)…
12 years. Birthday wishes from Charles, who captures the sentiment and spirit perfectly. The cryptocurrency innovation that the Bitcoin has unleashed is just starting. Here’s looking forward to the next 12 years.
We’ve been spending some time lately looking through the Nakamoto Institute web site. You could perhaps say (unfairly?) it’s the spiritual home of the “Bitcoin Maxi”. It has a large amount of excellent references hosted that relate to the goals and design decisions that fed into Bitcoin. For example publications by Ludwig Von Mises on…
Some really nice work on the energy consumption of Bitcoin from the Cambridge Centre for Alternative Finance at Cambridge University. The current estimate is 10GW, with a lower bound of 3.94GW, and upper bound of 16.78GW. That’s 5 orders of magnitude higher than Cardano. If we assume approximately 50W per pool (reasonable for an efficient modern…
