Adam Back news

Сypherpunk, cryptographer, privacy/ecash, inventor hashcash (used in Bitcoin mining), PhD Comp Sci Active since 2012.

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Cypherpunk Adam Back Speaks of Blockchain Benefits at G20 Meeting of Finance Ministers

Cypherpunk Adam Back Speaks of Blockchain Benefits at G20 Meeting of Finance Ministers Adam Back, who invented the hashcash proof-of-work system and was one of the first people to work on bitcoin (BTC), spoke about the positive uses of blockchain at G20. Cointelegraph Japan reported on Back’s comments at a meeting of finance ministers and central […] Cet article Cypherpunk Adam Back Speaks of Blockchain Benefits at G20 Meeting of Finance Ministers est apparu en premier sur Bitcoin Central.
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Taproot can hide existence of the transaction branch so you disclose it only if you use it, states Adam Back

Technological developments within the cryptocurrency space is an essential aspect for the overall growth of respective virtual assets. In terms of advancement, it is necessary that every digital asset continues to develop and enhance its security aspect, block size, fundamental operations and remain secure from any cyber threat. Adam Back, CEO of BlockStream recently spoke about the impending Schnorr signatures and Taproot protocol that is going to be implemented soon on its blockchain network. He stated that Schnorr signatures were going to be more like “compact” particularly for multi-signatures, where three signatures will attain the same size in one signature. One of the major advantages, as listed by Back, was that it would reduce fingerprinting, which meant people will not be able to distinguish on the blockchain between a two and two signature and a single signature for example. Back also explained the importance of Taproot, a different idea to Schnorr, which would enable users to further avoid cases of fingerprinting. Back stated, “The typical pattern 99% of the time, only one branch is used and occasionally something will go wrong and you will have to use the other branch, so for the cases where the branch is never disclosed, Taproot can hide the existence of the branch so you’re only disclose it if you need to use it.” Back added that Taproot also improved the privacy, fungibility so that more transactions look similar and it will be difficult for potential threats to distinguish between transactions. He also suggested that it can minorly improve the scaling aspect because the signatures were smaller and the multi-sigs looked like single signatures. Additionally, Back indicated that certain extensions can be implemented to Bitcoin itself. He said, “As Bitcoin gets to be more modular and more layered in the same way that other protocols like the internet are organized.  With Bitcoin, there is already lightning for resource payments and liquids, which is is a side chain that blockstream has been developing.” Moreover, Back did not indicate a specific launch date for the Schnorr signature and Taproot implementation and said that it should take place later this year or early 2020. The post Taproot can hide existence of the transaction branch so you disclose it only if you use it, states Adam Back appeared first on AMBCrypto.
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Bitcoin [BTC]’s ‘poor/broken governance’ debate broken up by Adam Back, Jameson Lopp and Tuur Demeester

Ever since its inception, Bitcoin [BTC] has been the butt of many criticisms from different parties involved in the world of digital assets. This was again evidenced when Nic Carter, a Twitterati raised the age-old point that “Bitcoin has poor/broken governance”. In a series of tweets, Carter said: “I remember when “Bitcoin has poor/broken governance” was a popular refrain and was used as justification to promote alternatives. Now it has become clear that: – Every project that becomes significant experiences the same governance struggles – Being hard to change is good” He further opined that anyone who pushed the “broken governance” line has not promoted an alternative to fix the model. Carter’s tweets shot to fame in the crypto-world when Adam Back, the Chief Executive Officer [CEO] of Blockstream replied: “Bitcoin does not have governance, and if it had governance it would not be Bitcoin. Governance meaning discretionary permissioning by groups of humans. Bitcoin has change process, but that is optimized for “no change”, other than backwards compatible, win-win tech improvements.” Back’s statements were in accordance with Bitcoin’s mantra of adhering to transparency and maintaining transactions privacy. The only sort of ‘governance’ in the Bitcoin ecosystem followed the Byzantine General’s principle which ensures that ledger transparency during transactions is maintained. Adam Back was not the only famous luminary who joined in on the Twitter thread as he was followed by Tuur Demeester, the Founding Partner at Adamant Capital and Jameson Lopp, the creator of Satoshi.info. Demeester pointed out to a medium article by Lopp that elucidated on who controlled the Bitcoin Core. In Lopp’s piece, he had mentioned ‘Trust no one’ mantra as there were too many people in the ecosystem right now. The article said: “While there are a handful of GitHub “maintainer” accounts at the organization level that have the ability to merge code into the master branch, this is more of a janitorial function than a position of power. If anyone could merge into master it would very quickly turn into a “too many cooks in the kitchen” scenario. Bitcoin Core follows principles of least privilege that any power bestowed to individuals is easily subverted if it is abused.” The post Bitcoin [BTC]’s ‘poor/broken governance’ debate broken up by Adam Back, Jameson Lopp and Tuur Demeester appeared first on AMBCrypto.
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Digital tokens resurrect with value addition after crypto winter

According to OnChainFX, the top 1o legitimate exchanges deliver the trading volume for measuring the real trading volume of the digital assets. Data collected from the LONG HASH website revealed that the majority of tokens had declined to half of their value since attaining the ATH. The most shocking results came out for ETHLend, based on the Ethereum blockchain that used the digital tokens in the form of collateral for transactions. LONG HASH quoted that ETHLend offered a decentralized peer-to-peer smart contract lending in the crypto-ecosystem. The ETH-based token was trending as the investors were constantly using ETH for transactions, which led to its surge before the bear attacks on the market. Tokens such as Holo and Ravencoin maintained their value equivalent to 50% of their ATH as they were initiated after the 2017 bull run. It came as a surprise for crypto users after tokens like Binance Coin and ChainLink underwent resurgence to achieve their ATH, that was higher than the previous ATH mark. Source: LONG HASH As per the graph, tokens achieved their ATHs from December 2017 to January 2018 and then plummeted. Many of the investors missed out on this bull rush in the crypto market. As the market conditions did not remain the same for a longer duration, tokens slipped into the phase, commonly known as the crypto winter, among the digital asset enthusiasts. LONG HASH shared growth rate of ChainLink and tweeted, “Chainlink (LINK) is having a pretty good day”. Some tokens like BNB and LINK have been performing well and the community can take comfort from this. The post Digital tokens resurrect with value addition after crypto winter appeared first on AMBCrypto.
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Stellerro is set to issue tokenized equity through Spanish-regulated Security Token Offering (STO); Public sale opens June 17th

TEL AVIV, Israel, June 17th, 2019– Stellerro, an alternative investment banking platform, automated, in-scale, determined to bring liquidity to the digital era will launch its STO on Monday, June 17th, 2019 at noon ET. Stellerro, a Spanish-Israeli based alternative investment banking platform is pleased to announce the launch of its new Security Token Offering public sale. Self-founded in mid-2018 by an experienced group of entrepreneurs from the Israeli capital markets & fintech industries, all are Blockchain veterans: Aviad Gindi – CEO, Dror Medalion – GM, Elad Kofman -CSO, Noam Barnea -CTO & Liron Rose – Advisory lead. Stellerro was created to assist asset owners, funds, entrepreneurs & startups in taking part in an alternative method of fundraising. Stellerro believes that as the blockchain ecosystem matures, digital offerings will become easier to access and invest in. The ever-advancing secured technology, transparent approach, the inclusion of new financial titans and a strong blockchain congregation are all unified to create the most important thing Investors seek for — Liquidation & Tradability. Stellerro’s funding goal is €5 Million which it plans to utilize for R&D and business development expansion. The company is expected to generate revenue for investors starting Q4 2019, based on its financial projections. The public offering starts on June 17th, 2019 and will last for 2 months until August 16th, 2019. STRO tokens will grant the investors economic rights and dividend from the firm quarterly revenues. To ensure a fully regulated environment, investors will go through KYC & AML procedures in order to acquire STRO security tokens.  Join the public sale today at www.stellerro.com or contact the team for any inquiry at: info@stellerro.com.   Stay tuned for more: Site · Facebook · Twitter · Linkedin · Instagram · Reddit · Telegram The post Stellerro is set to issue tokenized equity through Spanish-regulated Security Token Offering (STO); Public sale opens June 17th appeared first on ZyCrypto.
ZyCrypto

Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report

Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report Social media giant Facebook will unveil the Libra Association, which will operate its bespoke cryptocurrency Libra, on June 18, cryptocurrency news outlet The Block reported on June 14. Per the report, Facebook and dozens of its partners will unveil the Libra Association — which […] Cet article Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report est apparu en premier sur Bitcoin Central.
Bitcoin Central
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