Bitcoin Vaults: Developer Bryan Bishop Releases Prototype for Secure On-Chain Storage
The basic idea involves storing bitcoin on-chain in a particularly secure manner that allows for recovery from security mistakes.
Bitcoin is a cryptocurrency which isn’t managed by a bank or agency but in which transactions are recorded in the blockchain that is public and contains records of each and every transaction that takes place. The cryptocurrency is traded by individuals with cryptographic keys that act as wallets. Bitcoin was first invented in 2009 by an anonymous founder known as Satoshi Nakamoto. Bitcoins are moved in blocks every 10 minutes on a decentralized ledger that connects blocks into a coherent chain dating back to the first genesis block. It was originally described as a peer-to-peer electronic cash but the technology has evolved to emphasize being a settlement layer rather than a payment network. This has left integrated second layer solutions, like Lightning Network, to prioritize that use case. It has remained the largest cryptocurrency by market cap.
Bitcoin 101To the moon or to the cellar? Options traders are buying bitcoin puts, or bearish bets on the cryptocurrency, heading into next month's halving.
Gold has left bitcoin behind on a month-to-date basis following a rise to seven-year highs early on Tuesday.
After weeks of elevated activity, trading volumes on spot bitcoin exchanges have subsided, boding well for some traders if not the venues themselves.
Bitcoin slid Monday to its lowest point in the past seven days, with traders saying bearish signals are appearing.
Many believe DeFi is the future of finance, unleashing efficiencies and creating a more transparent framework. Others find the idea terrifying.