Discover and read the best of Twitter Threads about #UTXO
Most recents (11)
1/#UTXO model works like cash transactions, while the account-based model works similar to how bank accounts work.
2/For example- I have a $10 bill. I buy a coffee and muffin for $2 and $3 each and receive $5 change. In UTXO-based blockchains, the $10 bill and the $5 change would be represented as two separate UTXOs.
3/ In UTXO-based blockchains, such as Bitcoin, identity is not a relevant concept.
Rather, the focus is on UTXOs or unspent coins that are allocated to various wallet addresses.
Rather, the focus is on UTXOs or unspent coins that are allocated to various wallet addresses.
[1/12] 🧵 @Conste11ation ( $DAG) is a highly scalable and secure distributed ledger technology (DLT) that achieves zero/low trust interaction platforms, peer-to-peer (P2P) internet overlay protocols, and platform-neutral computation description language. Let's dive in! 🚀
[2/12] 🔐Zero/Low Trust Interaction Platforms (Shared Security):
@Conste11ation creates a shared security environment through its L0 consensus mechanism. L0 allows metagraphs (custom consensus apps) to maintain their own L1 layer while sharing L0 security with the global network.
@Conste11ation creates a shared security environment through its L0 consensus mechanism. L0 allows metagraphs (custom consensus apps) to maintain their own L1 layer while sharing L0 security with the global network.
[3/12] 🌐This shared security model reduces the need for trust as metagraphs inherit the security of the global L0 network. It's similar to Polkadot's shared security model, where parachains share security provided by the relay chain. #cryptocurrency #DAG
Il #Bitcoin ha superato i 22.000 dollari, nonostante la repressione normativa statunitense e l'inflazione USA sopra le previsioni. Ether e le altre criptovalute sono salite,ma la maggior parte dei token rimane al di sotto dei prezzi di una settimana fa.
Thread Da Leggere!
Thread Da Leggere!
$BTC apre la giornata con una leggera crescita, Nonostante il recente rallentamento dei CPI di gennaio, il mercato sembra incerto, con una maggiore attenzione alle tendenze piuttosto che ai livelli. Il futuro calcolo del CPI potrebbe avere un impatto su questo comportamento.
Il tasso annuo di inflazione negli Stati Uniti è leggermente rallentato al 6,4% a gennaio dal 6,5% di dicembre, il più basso dall'ottobre 2021 ma al di sopra delle aspettative del mercato del 6,2%.
[1/🧵] That is a genuine question, and while the answer may disappoint you, it isn't as important as one may believe.
Let's go back in time to find out what happened and thoroughly address the question. 🧵👇
Let's go back in time to find out what happened and thoroughly address the question. 🧵👇
[2/19] 🧐 First and foremost, let us establish some fundamentals and address the question:
❓ Is "block" the proper term to use ❓
Yes & no, as @JoelKatz puts it:
"The transactions are stored in a series of ledgers, but an #XRPLedger contains everything a block contains.
. . .
❓ Is "block" the proper term to use ❓
Yes & no, as @JoelKatz puts it:
"The transactions are stored in a series of ledgers, but an #XRPLedger contains everything a block contains.
. . .
[3/19] . . .
So because it’s a chain of ledgers, it’s also a chain of blocks."
The primary distinction between #Bitcoin and #XRPL is that the #XRPLedger utilizes an account model rather than a #UTXO model, thus the term "Ledger".
quora.com/XRP-is-not-a-b…
So because it’s a chain of ledgers, it’s also a chain of blocks."
The primary distinction between #Bitcoin and #XRPL is that the #XRPLedger utilizes an account model rather than a #UTXO model, thus the term "Ledger".
quora.com/XRP-is-not-a-b…
What's RGB Proxy?🧵⬇️⚡️
RGB proxy is a server done to facilitate the relay of load data between RGB wallets, having better UX for end user and also avoiding attacks of users, spammers, etc.
#bitcoin #LightningNetwork #layer2 #layer3 #rgb #taproot #utxo #privacy
RGB proxy is a server done to facilitate the relay of load data between RGB wallets, having better UX for end user and also avoiding attacks of users, spammers, etc.
#bitcoin #LightningNetwork #layer2 #layer3 #rgb #taproot #utxo #privacy
This feature can be used in the following workflow:
-Payee validates the content of consignment file;
-The payer pots consignment file with UTXO blinded provided by the payee in the invoice;
-The payee asks the proxy server if consignment file is associated to the UXTO blinded;
-Payee validates the content of consignment file;
-The payer pots consignment file with UTXO blinded provided by the payee in the invoice;
-The payee asks the proxy server if consignment file is associated to the UXTO blinded;
(continue here)
-If exist UTXO blinded to the Payee;
-The payee posts message ACK if is ok, but if fail can post a message NACK;
-The payee asks proxy sever about ACK/NACK. If successful will process Bitcoin transaction;
-If exist UTXO blinded to the Payee;
-The payee posts message ACK if is ok, but if fail can post a message NACK;
-The payee asks proxy sever about ACK/NACK. If successful will process Bitcoin transaction;
@aztecnetwork is a PRIVACY-FOCUSED zero-knowledge rollup (ZKR) aiming to provide security, scalability, & privacy for #L222 blockchain transactions.
Don't think you need convincing about why financial privacy is important (hello #TornadoCash).
So, let's discuss Aztec's HOW...
Don't think you need convincing about why financial privacy is important (hello #TornadoCash).
So, let's discuss Aztec's HOW...
@aztecnetwork Tech
Aztec leverages an in-house technology stack that focuses primarily on 2 overall protocol objectives: privacy & scalability.
ZKRs create large bundles of txs for off-chain computation in the form of cryptographic proofs known as SNARKs.
@jaosef
For a refresher...
Aztec leverages an in-house technology stack that focuses primarily on 2 overall protocol objectives: privacy & scalability.
ZKRs create large bundles of txs for off-chain computation in the form of cryptographic proofs known as SNARKs.
@jaosef
For a refresher...
SNARKs allow someone to prove they have a particular piece of info without actually revealing the contents of the info.
Popularized by @zcash for enabling anonymous txs, zk tech provides scaling efficiencies for the rollup chain that are then submitted to the main chain.
Popularized by @zcash for enabling anonymous txs, zk tech provides scaling efficiencies for the rollup chain that are then submitted to the main chain.
Important questions for those who may have received blocked property in a #grief #spray #spam attack from blocked #tornadocash #ETH addrsses remain unanswered. #OFAC may give clarity in an FAQ; are a few questions that would be helpful for OFAC to address.1st some background/1
By now all of #crypto knows that #OFAC sanctioned #ETH & #USDC addresses related to #Tornadocash and service providers and many #crypto users are struggling to adapt. Why? /2
We’re dealing with a law designed to regulate legal people & entities, &their property, not quasi-autonomous code used by third parties to transact third party assets to others. Arguably the designation exceeds #OFAC’s statutory authority. That’s an argument for another day. /3
Hi @Twitter! Today is TTT (tech-thread tuesday).
We’ll explain how Blockflow prevents double-spending using #UTXO, #PoW and #DAG!
We are going deep-nerdy, so strap-on!
This 🧵is inspired from a convo between @wachmc & @programmargorp in our Discord discord.com/channels/74774…
We’ll explain how Blockflow prevents double-spending using #UTXO, #PoW and #DAG!
We are going deep-nerdy, so strap-on!
This 🧵is inspired from a convo between @wachmc & @programmargorp in our Discord discord.com/channels/74774…
This started well, but while writing it, it took on a life of its own as we went further down the rabbit-hole, so it’s a bit of a monster thread! Please bear with us!
First, some definitions! You can skip that if you’re already an expert!
A trinity of published research papers validating IOTA 2.0, or how #IOTA scientifically proves its potential to become the trust anchor of the world ⚓🌐.
Why are these important? They explain the innovations of our Leaderless Nakamoto Consensus 🧵👇0/3
Published via @arxiv
Why are these important? They explain the innovations of our Leaderless Nakamoto Consensus 🧵👇0/3
Published via @arxiv
@arxiv First off, "Access Control for Distributed Ledgers in the Internet of Things: A Networking Approach" describes how writing into the Tangle is regulated and the #access control for our #DAG-based protocol. 👇1/3
arxiv.org/abs/2005.07778
arxiv.org/abs/2005.07778
To allow for a fast and parallelizable protocol at the core of #IOTA 2.0, the Reality-based #UTXO ledger enables optimistic treatment of incoming transactions before eventual consensus is achieved.
Read how in "Reality-based UTXO Ledger" 👇2/3
arxiv.org/abs/2205.01345
Read how in "Reality-based UTXO Ledger" 👇2/3
arxiv.org/abs/2205.01345
Vamos con el 🧵 prometido ‼️
Qué es el "Realized Price" y por qué nos sirve para estimar donde estamos parados con el ciclo de $BTC y los posibles escenarios alcistas/bajistas ?
El Precio Realizado se calcula dividiendo la Capitalización realizada (tomada con las #UTXO) por++
Qué es el "Realized Price" y por qué nos sirve para estimar donde estamos parados con el ciclo de $BTC y los posibles escenarios alcistas/bajistas ?
El Precio Realizado se calcula dividiendo la Capitalización realizada (tomada con las #UTXO) por++
la oferta actual de $BTC. En otras palabras, es el valor de todas las monedas al precio que se compraron dividido por la cantidad de BTC que se encuentra en circulación. La Capitalización de Mercado, es el resultado de multiplicar todas las monedas que hay por el valor de ++
$BTC hoy. Entonces, el precio realizado nos dice el valor de compra de los $BTC y la capitalización de mercado (Realized Cap) nos dice cuánto valen AHORA. No vamos a explicar las UTXO porque ya hicimos hilo de eso, buscalo con la lupita y mi nombre en "busquedas avanzadas" ++
¿Qué es AOPP?
¿Por qué ha causado tanto revuelo en la comunidad de bitcoiner?
Título: (AOPP) es #nocivo para los usuarios de #Bitcoin Vamos con el hilo 🧵
¿Por qué ha causado tanto revuelo en la comunidad de bitcoiner?
Título: (AOPP) es #nocivo para los usuarios de #Bitcoin Vamos con el hilo 🧵
¿Qué es AOPP?
Protocolo de prueba de propiedad de direcciones o (AOPP), busca "facilitar" la aplicación de medidas de verificación de wallet externas en Suiza, poniendo a disposición una API para que los Exchange y Wallet la integren a su codificación.
Protocolo de prueba de propiedad de direcciones o (AOPP), busca "facilitar" la aplicación de medidas de verificación de wallet externas en Suiza, poniendo a disposición una API para que los Exchange y Wallet la integren a su codificación.
Según su enunciado (AOPP) legitima la práctica de #verificar la propiedad de la #dirección de una wallet, su implementación e integración, abre un precedente nefasto para que el gobierno influya en los desarrollos en el espacio de la billeteras #Bitcoin de código abierto.
