Unmasking Satoshi Nakamoto: Bitcoin’s Mysterious Creator

Bitcoin Inscriptions: Security Flaw Flagged as Cybersecurity Risk by NVD

The National Vulnerability Database (NVD) has raised concerns about a security flaw in Bitcoin’s inscriptions, which was exploited in 2022 and 2023 by a protocol called Ordinals. This vulnerability allows data to be hidden as code in certain versions of Bitcoin Core and Bitcoin Knots. The NVD is a database managed by the National Institute of Standards and Technology (NIST), which highlights cybersecurity risks for public awareness.

This vulnerability could have a significant impact on the Bitcoin network. It may lead to an influx of non-transactional data flooding the blockchain, causing network congestion, slower processing times, and increased fees. Bitcoin Core developer Luke Dashjr raised the issue on X (formerly Twitter), comparing it to receiving junk mail that slows down the process of finding important messages.

Ordinals, a protocol introduced in late 2022, made data embedding more popular in Bitcoin. It allowed unique digital arts to be directly embedded into Bitcoin transactions, similar to nonfungible tokens (NFTs) on the Ethereum network. However, the volume of Ordinals transactions has led to network congestion and increased fees. If the vulnerability is patched, it could restrict Ordinals inscriptions on the network, potentially affecting the existence of Ordinals and BRC-20 tokens. Existing inscriptions, however, would remain due to the immutability of the network.

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Mattie Lubchansky.

What is the bitcoin cryptocurrency blockchain, and how does it work?

Bitcoin is a groundbreaking digital currency that operates on a decentralized, peer-to-peer network. Established in 2009, it was created by an anonymous figure or group known as Satoshi Nakamoto. Unlike regular currencies, Bitcoin does not rely on any government or banking institution for its operation but instead relies on a blockchain, a public ledger that records all Bitcoin transactions. Bitcoin has revolutionized the way money is exchanged and is becoming increasingly popular and widely accepted.

Bitcoin is an extremely valuable digital asset due to its limited supply of 21 million coins. This scarcity makes it a desirable asset for transactions and investments, as its value is likely to increase over time. Additionally, cryptocurrency is decentralized and secure, making it a reliable form of currency.

How Does Bitcoin Cryptocurrency Work?

Bitcoin is a decentralized cryptocurrency that uses advanced cryptography and algorithms to secure transactions and regulate the creation of new units. All transactions are recorded and verified on the blockchain, ensuring that the transactions are immutable and irreversible. By eliminating the need for intermediaries such as banks, Bitcoin provides a secure and reliable way to transfer value with minimal fees and low processing times.

The firm will stop accepting new users starting Monday after U.K. regulator FCA last week restricted Binance’s local partner from approving crypto ads.

#Blockchain #Crypto

Bitcoin, Ethereum, Binance

How to Calculate Profit in Crypto Mining?

In today's cryptocurrency landscape, the pursuit of profitability is paramount for mining endeavors. Initially, cryptocurrencies like Bitcoin were easily mineable using personal computers and central processing units (CPUs). However, with the expanding market, cryptocurrency mining has become significantly more competitive. This evolution gave rise to the necessity for new categories of mining hardware, first in the form of graphics processing units (GPUs) and later application-specific integrated circuit (ASIC) miners.

As the number of cryptocurrency mining enthusiasts grew, the complexity of mining also increased, placing a strong emphasis on profitability as a fundamental consideration. If you share this enthusiasm for mining and seek an in-depth understanding of profitability, this blog is tailor-made for you. Our objective is to delve into the intricacies of profitability, starting from the basics—defining profitability, highlighting its significance, elucidating the methods for its calculation, and exploring the factors that influence it. Read the full blog here by Asic Marketplace as we delve into the world of cryptocurrency mining and profitability to gain a comprehensive understanding.

The US Yield Curve since the Financial Crises (2007-2023)

#crypto #stocks #cryptocurrency #trading #tradingstrategy #btc  #bitcoin 

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