Traditionally, using CHECKMULTISIG to generate n-of-n multi-signatures means publishing a proportional number of signatures and public keys on the blockchain to the signers of the transaction. Not only does this approach reveal the total number of participants in the transaction, but transaction fees become progressively higher as the number of signatories increases. MuSig, on the other hand, allows a group of users to jointly generate a single signature and public key to verify transactions, increasing privacy and lowering transaction costs for all signers involved. When MuSig was first introduced in 2018, its main drawback compared to CHECKMULTISIG was the user…
Author: Crypto Flexs
Read More
Changpeng Zhao, commonly known as “CZ”, has stepped down from his position as Chairman of the Board of Directors of Binance.US. Binance.US’ recent announcement of Changpeng Zhao, known as “CZ”, stepping down as Chairman of the Board signals a significant moment in the cryptocurrency sector. the company decided, “As (Zhao) transitions to life after Binance, he has decided to step down as Chairman of the Board and transfer his voting rights through a proxy agreement.” The move comes amid regulatory scrutiny and market uncertainty in the cryptocurrency world. Binance.US emphasized its operational independence from Binance.com, saying, “We operate independently of…
On Monday, Ethereum founder Vitalik Buterin outlined his views on “technological optimism,” inspired by Marc Andreessen, who opined about AI in his Technological Optimism Manifesto last October. I reflected. While Buterin agreed with Andreessen’s positive outlook, he also noted the importance of how AI is developed and the future direction of the technology.Buterin acknowledged the existential risks of artificial intelligence, including leading to human extinction.“This is an extreme claim. “There are many islands of civilization that remain unscathed by the worst-case scenario of climate change, man-made pandemics, or nuclear war.” said.“But if a superintelligent AI decides to turn against us,…
Dan Tapiero also shared insights on his bullish Bitcoin price prediction, emphasizing the cryptocurrency’s role as a monetary network and immutable distributed ledger. Bitcoin has been flirting with the $37,000 level for some time, leaving investors confused as to what’s next direction. Long-term investors continue to remain optimistic about the future. Some believe there has never been a better time to be bullish on BTC, with the first Bitcoin ETF set to launch in the US in early January 2024. In a recent interview with TheStreetCrypto’s Natalie Brunell, prominent macro investor Dan Tapiero shared his optimistic outlook. Potential price rise…
reporter Posted on: November 28, 2023 Over the past two months, there has been a steady flow of funds into cryptocurrency-based investment products. Ethereum’s month-long inflows have nearly dwarfed all outflows recorded so far this year. Digital asset investment products recorded an inflow of $346 million last week. This represents the largest single weekly inflow in nine consecutive weeks ever recorded, digital asset investment firm CoinShares said in a new report. report. According to the report, the surge in fund inflows last week was due to expectations for the launch of a U.S. spot-based ETF. CoinShares found that last week’s…
summary Applying traditional approaches to asset inheritance to digital assets introduces complexity and risk. Among the greatest risks (1) Create an up-to-date inventory of your digital assets, failing which your assets will become inaccessible. (2) Entrusting your credentials to access your digital assets to a third party. If you choose the wrong person, that person You may lose your assets, transfer them to unauthorized third parties, or attempt to access them before you are authorized to do so.. Risks of Using Traditional Approaches to Inheriting Crypto Assets traditional approach1. Select a beneficiary.2. Write instructions for how this person will have…
Cudo, the sustainable team kudos blockchain, kudo computing and miracle minerhas introduced an exciting latest addition to the Cudos ecosystem: AuraPool, an NFT marketplace for hashrate collectibles. AuraPool, the first NFT marketplace, connects NFT fans, digital art collectors, Bitcoin miners, casual gamers, and mining farms alike through a frictionless platform that provides utility to the world of digital collectibles. AuraPool is the first tokenized infrastructure marketplace for the next generation of sustainable Bitcoin miners, providing clean energy for mining through hashrate collectibles. The NFT marketplace splits the hashrate generated from renewable energy BTC farms into daily rewards, which are then…
Posted 1 minute ago In ~ Changpeng ‘CZ’ Zhao has stepped down as chairman of the board of directors of Binance.US, the U.S. branch of the cryptocurrency exchange. said On Tuesday. The former Binance CEO transferred his voting rights through a proxy agreement, the company added. The move removes Zhao’s influence in Binance.US’ governance and makes his interest in the company “purely economic.” Zhao plead guilty He was charged in a Seattle court last week with violating the Bank Secrecy Act and causing a financial institution to violate the Bank Secrecy Act. He also agreed to pay a $50 million…
A new warning has emerged that Bitcoin (BTC) could face difficulties once it becomes the first spot exchange-traded fund (ETF) to be approved in the United States.in line On November 28 at X (formerly Twitter), Joshua Lim, head of derivatives at capital markets firm Genesis Trading, predicted a volatile start to 2024 for BTC price action.Bitcoin ETF Approved: Retail Could Be ResponsibleBitcoin is already a target for traditional finance, or “TradFi,” which is betting on a big win in spot ETF approval, Lim said.The thread explained CME Group’s Bitcoin open interest with data. “We know Tradfi experts/macro tourists are already…
Assetclub unveils gamefi project with 1 million token airdrop: merging traditional finance with web3 – Chainwire housenewsroomAssetclub unveils gamefi project with 1 million token airdrop: merging traditional finance with web3 We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access…