Le azioni minerarie di Bitcoin hanno sovraperformato BTC del 455% negli ultimi 12 mesi

Mentre Bitcoin è cresciuto del 900% negli ultimi 12 mesi, le azioni delle quattro maggiori società minerarie quotate in borsa sono aumentate del 5.000% nello stesso periodo.

Nonostante le principali società minerarie di Bitcoin quotate in borsa operino in perdita, i loro prezzi delle azioni hanno notevolmente sovraperformato BTC negli ultimi 12 mesi

Apparendo su CNBC, il vicepresidente della strategia di asset digitali di Fundstrat, Leeor Shimron, ha condiviso la sua analisi sulle prestazioni di mercato delle quattro più grandi società minerarie quotate in borsa: Marathon Digital Holdings, Riot Blockchain, Hive Blockchain e Hut 8, ognuna delle quali rappresentano una capitalizzazione di mercato di oltre $ 1 miliardo.

Negli ultimi 12 mesi, Shimron ha riscontrato che il rendimento medio per le azioni delle società minerarie è stato del 5.000%, mentre Bitcoin Compass ha guadagnato il 900% nello stesso periodo. Non sorprende che le azioni abbiano „un’elevata correlazione positiva“ con BTC.

Il ricercatore ha concluso che per ogni variazione di prezzo dell’1% in BTC, le azioni di mining di Bitcoin si muovono in media del 2,5%. Tuttavia, l’osservazione si applica sia al rialzo che al ribasso dei prezzi, il che significa che è probabile che le azioni minerarie precipitino con più del doppio dell’aggressione di BTC durante le condizioni di mercato ribassista.

„Probabilmente saranno colpiti duramente mentre Bitcoin si riduce“, ha detto

Shimron ha attribuito la selvaggia volatilità dei titoli minerari alla mancanza di prodotti di investimento crittografici regolamentati negli Stati Uniti, ipotizzando che „fino a quando un ETF Bitcoin non sarà approvato, gli investitori potrebbero vedere le società minerarie pubbliche come uno degli unici modi per ottenere esposizione a Bitcoin“.

„Poiché la principale fonte di entrate è Bitcoin, queste società sono fondamentalmente lunghe [sul] settore, quindi gli investitori stanno essenzialmente facendo una scommessa ‚pick and shovels‘ quando investono in minatori.“

Notando che le azioni di Coinbase sono „scambiate a una valutazione di circa $ 100 miliardi nei mercati privati“, Shimron ha aggiunto: „Chiaramente c’è appetito degli investitori per ottenere esposizione agli operatori all’interno dello spazio crittografico, e i minatori sono solo un altro segmento all’interno di questo“.

Shimron ha anche osservato che le interruzioni della catena di approvvigionamento durante la pandemia di coronavirus sono state vantaggiose per le quattro maggiori società minerarie, che sono state in grado di fare scorta di hardware di nuova generazione, come la serie Antminer S19 di Bitmain.

„Hanno fatto un enorme investimento di capitale e operano in perdita per posizionarsi per l’attuale corsa al rialzo“, ha detto, aggiungendo:

“Sviluppando la loro capacità di cash rate e aumentando la loro leva operativa, si proteggono efficacemente dalla concorrenza tra i nuovi miner. Quindi hanno aumentato le loro economie di scala per mantenere la quota di mercato e credo che questo dovrebbe dare i suoi frutti in futuro „.

Elon Musk supports Dogecoin trading on Coinbase

Elon Musk supports Dogecoin trading on Coinbase

Dogecoin listing on Coinbase would be tantamount to an accolade. No wonder the most prominent DOGE investor is in favour of trading on the exchange. But his tweets could yet be Elon Musk’s undoing.

Dogecoin is somewhere between a fun coin and a serious investment. Born as a Bitcoin parody, the cryptocurrency has built up a loyal Ethereum Code investor community over the years that could not have found a more prominent ringleader in Elon Musk. In a recent Twitter message, the space expeditor now endorses a listing on Coinbase.

Dogecoin soon on Coinbase?

Coinbase performs a kind of hinge function to the crypto market for US institutional investors. Not only MicroStrategy regularly replenishes its holdings via the exchange. Tesla, too, transacted its 1.5 billion US dollar bitcoin investment via Coinbase. For professional US investors, the crypto exchange’s OTC desk provides access to the crypto market; if Coinbase takes a cryptocurrency into trading, it plays with the big boys.

At least that is the hope of a DOGE enthusiast who hopes for a door-opening effect from trading on the platform and could immediately count on Elon Musk’s support.

Do you think Coinbase should allow Dogecoin on their platform? It would give many people easy access to DOGE.
Tweet from @itsALLrisky

The question was followed by a terse and unequivocal „Yes!“ from Musk himself. The reaction is hardly surprising, bullish doge tweets seem to have become the Tesla CEO’s hobby by now. But although Musk’s word is likely to carry weight with the Coinbase board, it is questionable whether this alone prompts the crypto exchange to take the step. Interest on the part of customers with purchasing power is likely to be close to zero for Dogecoin. After all, the cryptocurrency is a black box that is subject to enormous fluctuations even more than other crypto assets.

Moreover, and this is likely to be the decisive knock-out criterion for large investors, DOGE holdings are already centralised to the highest degree. As BTC-ECHO reported, a single wallet holds just under a third of the amount in circulation, and the 20 largest wallets account for half of all Dogecoin. This, combined with an increased susceptibility to manipulation, is unlikely to lure the risk-averse „big money“.

Nevertheless, the reception is not entirely promising. Even if institutional investors, with the exception of Elon Musk, tend to keep their hands off Dogecoin, demand among small investors has continued to rise in recent months. The increased DOGE trading volume is unlikely to have passed Coinbase by.

In addition, payment service provider BitPay and sporting goods manufacturer Wooter Apparel have only recently accepted the cryptocurrency as a means of payment. The Doge-friendly signals from the business community at least increase the chances that Dogecoin will become the No. 50 tradable asset on Coinbase in the future. However, these hopes have initially bounced off the price. The DOGE price fell by 8.8 per cent on the day and was trading at 0.056 US dollars at the editorial deadline.

¿se convertirá pronto Nueva York en una ciudad bitcoin?

Nuevos planes de criptografía: ¿se convertirá pronto Nueva York en una ciudad bitcoin?

El bitcoin podría pronto apoderarse por completo de Wall Street, más de lo que ya lo ha hecho en los últimos meses. Según el candidato a la alcaldía de Nueva York, Andrew Yang, si es elegido, invertiría en la transformación de la Bitcoin System ciudad como epicentro financiero del país en un centro de pleno derecho para BTC y otras criptodivisas.

¿Es este el comienzo de la integración de las principales ciudades de EE.UU. en un estándar de bitcoin?

El candidato a la alcaldía quiere convertir la ciudad de Nueva York en un centro de bitcoin

Aunque el autor de best-sellers Nicholas Taleb se deshace de sus Bitcoins: La adopción de Bitcoin se ha extendido como un reguero de pólvora desde que estalló la pandemia.

Aparte de ser una alternativa digital y sin contacto al dinero en efectivo, son las ventajas asociadas a la escasez las que han resultado atractivas.

En medio de la „impresión“ sin precedentes de dinero de estímulo, la oferta de 21 millones de BTC con un tope duro está demostrando ser extremadamente valiosa. La idea de una mejor forma de dinero duro ha captado finalmente el interés de los fondos de cobertura y las instituciones.

La aceptación institucional ha llevado el precio del BTC a casi 50.000 dólares y ha catapultado al criptoactivo al estatus de superestrella. La comunidad minorista, junto con prominentes ejecutivos de la tecnología, están instando a los responsables políticos a allanar el camino hacia un futuro centrado en el Bitcoin, y curiosamente, están escuchando.

Miami está liderando el camino prometiendo explorar el uso de Bitcoin como reserva y medio para recaudar impuestos y pagar los salarios del gobierno. Pero ahora la ciudad de Nueva York podría seguir su ejemplo, convirtiendo el centro financiero mundial en un centro para el Bitcoin, según el candidato a la alcaldía Andrew Yang.

La ciudad de Nueva York criptocéntrica parece cada vez más probable.

Los últimos sondeos muestran que Yang ha ganado una ventaja dominante, lo que significa que su visión de una ciudad de Nueva York y Wall Street centrada en el Bitcoin podría hacerse realidad. Yang fue un candidato popular cuando se presentó a la presidencia de Estados Unidos por su compromiso con las tecnologías emergentes como las criptomonedas, pero finalmente el favorito de los demócratas fue Biden.

Yang centró sus esfuerzos políticos en la ciudad de Nueva York, especialmente afectada por la pandemia.

Nueva York es también la sede de Wall Street y es esencialmente la capital financiera de Estados Unidos y del mundo. El hecho de que el Bitcoin se apodere pronto de Wall Street es un signo de cambio de guardia y de que las criptodivisas son el futuro de los mercados monetarios.

En el centro de todo esto podría estar pronto el Bitcoin (Guía para comprar Bitcoin), y si se animara a todo el mundo en Nueva York y en Wall Street a utilizar criptodivisas, la adopción que estamos viendo ahora es sólo un rasguño de la superficie de lo que es posible.

Bitcoin-dominans tillbaka till 2019-nivåer när institutioner fyller sina väskor

Världens banbrytande kryptovaluta har studsat tillbaka till ära efter att DeFi-sommaren stal mycket av rampljuset.

Bitcoins dominans stiger till 68%

Enligt data på spårningssidan CoinMarketCap är Bitcoins marknadsandel dominans nu 66% efter en lång „DeFi-sommar“ och en mini-alt-säsong i oktober. Dessa nivåer sågs senast 2019 och åren före 2017 innan det. Bitcoin utgör nu 68% av hela kryptomarknaden som ett resultat, vilket leder till ett marknadsvärde på 433 miljarder dollar med ett nuvarande cirkulerande utbud på över 18,5 miljoner Bitcoin.

Återstående marknadsandel tas upp med Ethereum (10%), Tether och XRP (3% vardera), Litecoin (1%) och Cardano (0,76%), bland alla stora kryptovalutor.

Bitcoin såg en tillfällig träff för både detaljhandelns popularitet och användning under andra kvartalet 2020, eftersom decentraliserade finansieringsmynt (DeFi), nätverk och protokoll ökade intresset och lockade investeringar från detaljhandlare.

Perioden präglades av ökningen av matpengar som KFC, YAM, SUSHI, HOTDOG och flera andra, med sådana protokoll som i vissa fall ger avkastning på upp till 1000%. De flesta av dessa misslyckades emellertid och marknaden har sedan gått över till seigniorage stablecoins. En del DeFi-”blue chips”, som Yearn Finance, Synthetix, Aave och andra fortsatte dock att bygga och upprätthålla både värde och popularitet.

Men kungen har sedan studsat tillbaka. Bitcoin steg från under 11 000 dollar i juli till att sätta nya toppar i december. Den korsade 24 200 dollar tidigare denna månad efter att ha brutit igenom viktiga prisnivåer som $ 18 000 och $ 20 000 (dess tidigare högsta).

Dominansnivån har ökat med över 100% sedan 2018 då dåvarande ICO-frenzy drev Bitcoin ner till så lågt som 32% dominans. Ethereum steg till sin högsta nivå på 18% dominans vid den tiden.

Den stora institutionella Bitcoin-rusningen

Från och med 2020 blev berättelsen för Bitcoin positiv bland traditionella marknadsaktörer och institutionella värdepappersföretag, med den pågående pandemin; och den efterföljande penningutskriften, vilket ytterligare ökar Bitcoins popularitet bland fondförvaltare och investerare.

Hedgefondförvaltaren Paul Tudor Jones tog upp så mycket som 70 miljoner dollar i BTC-terminer under första kvartalet 2020, med andra förvaltare som följde hans ledning. Under de senaste månaderna har Guggenheim Investments, Fidelity Investments och asiatiska familjekontor också uppgett att de antingen köper eller håller på att köpa BTC.

Men det mest definierande köpet, utan tvekan, har varit det från mjukvarutillverkaren MicroStrategy. Företaget har plockat upp mer än en miljard dollar av spot Bitcoin sedan september i olika delar att hålla i sin stat, med VD Michael Saylor som regelbundet tweetade om Bitcoins användningsfall sedan dess.

Sådana faktorer, i kombination med en „kris på utbudssidan“ enligt on-chain analytiker, har spelat sin roll i Bitcoins uppgång 2020.

Bitcoin’s whale watching record

Whale growth occurred amid the Bitcoin boom in 2020, a move closely monitored by business.

The number of Bitcoin portfolios with more than 1,000 currencies, the so-called whales, reaches a record in 2020. At the same time, the number of portfolios with five Bitcoins has also grown, showing that large investors may be buying the currency.

The movement of these whales is closely followed by the community. This is because, with the ability to affect the price of the Bitcoin, whales are considered the largest investors. One of the tools that tracks these movements, for example, is Whale Alert.

Thus, an important movement detected in the last few days may have been the accumulation of whales. With more Bitcoin addresses accumulating large amounts of coins, the movement tends to be optimistic.

The information was published by a Chainalysis market report.

Bitcoin Whale Portfolios reach record high in the middle of a pandemic
Considered by many to be a refuge asset, Bitcoin appreciated greatly in 2020. In relation to the Brazilian Real, for example, since January Bitcoin has valued 211%, with each unit quoted at R$ 90 thousand.

The movement may have been impacted mainly by the purchase of Bitcoin by large companies. Even so, another important indicator is the number of Bitcoin portfolios with more than 1000 currencies, that is, how many whales there are and what they are doing.

According to Chainalysis trade data, 2,052 Bitcoin whale portfolios emerged in 2020. During the year, the increase was 302 portfolios, 17% compared to 2019.

Chainalysis would have reported this increase in a report to the market. The Coindesk website commented that the increase in the number of whales for the year contrasts with the adoption of the currency.

Analysts noted that the number of portfolios with more than five bitcoins also increased. In other words, the number of addresses with more than one bitcoin has risen, showing high adoption of the currency by large investors.

Less liquidity in cryptomaniac brokers
Many investors followed Bitcoin’s rise in 2020 closely and seized the moment. But with more Bitcoin portfolios accumulating most currencies, less liquidity was seen at the brokers, Coindesk said.

In fact, the volume of Bitcoin fell in the last seven days compared to the end of November, according to data from CoinMarketCap. This fact could prove the moment of accumulation of whales.

With the recent fall of Bitcoin, analysts fear that the whales will deposit their coins back for sale. Even so, some analysts believe that the recent fall of Bitcoin, which lost $18,000, may be temporary.

With market fears, some investors would have settled currencies, but it may only be a temporary correction. If it stays longer, the whales could return selling their currencies. This is a fear for optimists, however, there are no clear signs that indicate the movement.

MicroStrategy, one of the whales that emerged in 2020, is preparing to buy an additional $550 million Bitcoin. In other words, it is not clear whether the price of the Bitcoin will continue its decline or whether it will rise again at the brokers soon. At times like this, it is important that investors strengthen risk management.

„Only Time Can Tell Bitcoin and Ethereum „Killer“, Here is what Investors should watch out for From Now“.

Analitycy podkreślili również rosnące zainteresowanie różnymi podsektorami w ramach ekosystemu ETH.

Pierwsza i największa kryptokur waluta, Bitcoin (BTC), bez wątpienia wzbudziła zainteresowanie inwestorów kryptokur walutami. Postrzeganie Bitcoinu przez opinię publiczną zmieniło się diametralnie od poprzedniego roku. Od rekordowego napływu do produktów Grayscale, poprawki Komisji Papierów Wartościowych i Giełd Guggenheima do wejścia Wall Street do kryptociągu, lista jest dość niekończąca się.

Prezes Blackrock, Larry Fink, stwierdził: „Bitcoin przykuł uwagę i wyobraźnię wielu ludzi. Wciąż niesprawdzony, całkiem mały w porównaniu z innymi rynkami.“

Dane Google Trends ostatnio wskazują, że wyszukiwanie terminu „Bitcoin“ osiągnął 2020 r. wysoki w momencie jego cena wzrosła powyżej 19.000 dolarów.

Wyszukiwanie Bitcoina przez Google osiągnęło wysoki poziom w 2020 roku. Dzięki uprzejmości: Google Trends
Nie tylko Bitcoin, druga co do wielkości kryptokryptokryptokryta przez market cap, Ethereum (ETH) również zaczął przykuwać większą uwagę. Grayscale niedawno zauważył, że jego Ethereum Trust również zauważył gwałtowny wzrost napływu netto. Stwierdził on, że w trzecim kwartale 2020 roku tygodniowe napływy do Grayscale Ethereum Trust wynosiły średnio 15,6 mln dolarów. Może to sugerować rosnącą atrakcyjność tego dobra poza środowiskiem deweloperskim.

Analitycy podkreślili również rosnące zainteresowanie różnymi podsektorami w ramach ekosystemu ETH. Współzałożyciel Mythos Capital, Ryan Sean Adams, zauważył, że 1% całej podaży ETH jest obecnie zamknięta w obligacjach ETH, co wskazuje, że wiele osób poszukuje zaangażowania w gospodarkę Ethereum.

Nie jest to dalekosiężne, ponieważ instrumenty pochodne nadal dają Bitcoinowi i Ethereum ogromną przewagę konkurencyjną dla pieniędzy proinwestorów. Dlatego też prawdopodobieństwo, że Bitcoin i Ethereum zostaną wyprzedzone przez „zabójczy“ łańcuch blokowy zmniejsza się w miarę upływu czasu.

Oprócz dominacji na rynkach instrumentów pochodnych, Bitcoin Evolution i Ethereum, które mają 97% udziału w Grayscale Investment, mogą również wspierać tę narrację.

BTC/USD Daily Chart
Bitcoin handluje po $19,050, Ethereum po $592 w momencie pisania.

Oto na co inwestorzy powinni zwracać uwagę od teraz

Bitcoin i Ethereum mogą przykuwać uwagę, analityk podpowiada, na co inwestorzy powinni zwracać uwagę przy kryptokursach, trendach rynkowych w miarę upływu czasu:

Life Expectancy i Network Effect: W 2017 roku, oczy były na niektórych konkurentów łańcuchów blokowych być Bitcoin i Ethereum „zabójcą“ na podstawie ich przepustowości lub innych czynników uważanych za przewagę.

Czas pokazał inaczej, że efekt sieciowy i długość życia nie mogą zostać unieważnione. Średnia długość życia niektórych technologii została powiązana z ich wiekiem, który jest proporcjonalny do ich przetrwania i tego, jak długo można przewidzieć ich istnienie. Jeśli to prawda, może to oznaczać, że im dłużej kryptokur waluta pozostaje w pierwszej dziesiątce, tym większe są szanse na jej znaczenie trzy lata później.

Twarde widelce i Kod-Klony Bazowe: Kolejną rzeczą, na którą inwestorzy powinni zwracać uwagę są twarde widelce i klony baz kodowych. Kiedy w 2017 roku wprowadzono na rynek Bitcoin Cash, Bitcoin Gold (BTG), Ethereum Classic i Dash widelce lub klony bazujące na kodach. Początkowo kwitły, ale spojrzenie na ich obecną cenę i rynkową czapkę wskazuje, że ten pozorny sukces był fasadą.

Całkowita podaż monet i kurs emisji kryptokurcji: Zostały one powiązane z ceną aktywów kryptońskich. Waluty kryptońskie o wysokiej emisji mogą mieć trudności z nadrobieniem zaległości cenowych. XRP, Chainlink (LINK), Polkadot (DOT), Stellar (XLM), Tron (TRX) i Tezos (XTZ) należą do tej kategorii.

Mimo że aktywa te mogą mieć wiele przekonujących przypadków zastosowania i imponujących partnerstw, ich ogromna podaż monet może utrudnić ostre, wzrostowe ruchy cen.

Sektory kryptograficzne wykazują zwiększone zainteresowanie: Sądząc po wzroście liczby przypadków wykorzystania w 2020 r., do sektorów, które prawdopodobnie odnotują wzrost zainteresowania, należą wyrocznie, połączenia międzysystemowe, zdecentralizowane żetony walutowe, kredyty pozabudżetowe oraz zapewnienie płynności.

This multimillionaire is sure that Bitcoin will explode the $ 250,000: he wants to convert all his fortune!

All in crypto or nothing – Bitcoin valued at $ 150,000 by November 2021? In any case, this is what Raoul Pal, a known investor in the cryptosphere, is planning. The latter announced his desire to sell his current assets (in gold) to buy more and more bitcoins and ethers.

A news that leaves you speechless

On his tweet published today, Raoul Pal specifies that he wanted to sell his gold reserves to buy 80% bitcoins and 20% ethers. The investor chose this distribution because bitcoin remains the current benchmark crypto – an „easy bet“ therefore , while ether seems likely to further appreciate according to him.

The amount invested would represent 98% of its capital . In addition, Pal justifies the surge in cryptocurrency prices by the presence of a large amount of institutional liquidity , which is currently circulating in the market.

Institutional investors increasingly fond of cryptos

In reality, the investor is firmly convinced that the value of bitcoin is no longer driven by individuals, but by institutional agents who have more liquidity. In recent weeks, the publications of institutional companies on Bitcoin Evolution have multiplied, which supports this thesis. Indeed, important new players, such as Square and PayPal , have entered this market.

Paypal Bitcoin BTC

Macroeconomic factors must also be considered, including the current health crisis. According to Raoul Pal, governments will have to inject liquidity for a faster economic recovery. This action could first lead to a devaluation of fiat currencies, which would push investors to turn to bitcoin as a safe haven . Then we could see a massive supply of financial markets, including cryptocurrency.

JPM-Bericht zeigt, dass Anleger Bitcoin dem Gold vorziehen

Der JPM-Bericht zeigt, dass Investoren in letzter Zeit Bitcoin gegenüber Gold gewählt haben.

Der Preisanstieg von Bitcoins in letzter Zeit kann auf die Tatsache zurückgeführt werden, dass die Institutionen Bitcoin gegenüber Gold gewählt haben.

Ein hervorstechender Faktor für den Anstieg des Bitcoin-Preises im Oktober ist, dass die Menschen weniger Gold verwenden. Es besteht ein Kontrast zwischen der expansiven Reise von Crypto Comeback und der niedrigen Flugbahn von ETFs für Gold.
Ein hervorstechender Faktor für den Anstieg des Bitcoin-Preises im Oktober ist, dass die Menschen weniger Gold verwenden.

Der JPM-Bericht zeigt, dass Anleger Bitcoin gegenüber Gold bevorzugen.

Der JPM-Bericht zeigt, dass Investoren in letzter Zeit Bitcoin gegenüber Gold gewählt haben. Der Preisanstieg von Bitcoins in letzter Zeit kann auf die Tatsache zurückgeführt werden, dass die Institutionen Bitcoin gegenüber Gold gewählt haben.

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JPM-Bericht zeigt, dass Anleger Bitcoin gegenüber Gold wählen 1

Das Papier deutet darauf hin, dass Anleger, die sich früher auf Gold-ETFs konzentriert haben, nun stattdessen auf Bitcoin setzen. JP Morgan erwartet, dass Bitcoin weiterhin um das Zehnfache steigen wird, wenn es als das neue Gold angesehen wird.

In JPMs jüngstem Bericht über Bitcoin werden mehrere Faktoren aufgeführt, warum die digitale Währung in einem Monat ein Wachstum verzeichnet hat. Große Unternehmen beginnen, große Mengen von BTC zu kaufen, während die Entscheidung von PayPal, auf Krypto umzustellen, ebenfalls ein Faktor für den Erfolg von Bitcoin ist.

PayPal hat es den Menschen leicht gemacht, Krypto-Währung zu kaufen und zu verkaufen. Laut dem JPM-Papier, dem bahnbrechenden Digital Asset Manager Grayscale Bitcoin Trust, sind Wachstum und Bitcoins ein und dasselbe.

Grayscale sieht einen Anstieg der Bitcoin-Nachfrage, da sich neben jungen Privatanlegern auch institutionelle Investoren für Bitcoin entscheiden. Institutionelle Investoren, die auf Bitcoin drängen, reichen von Family Offices bis hin zu Vermögensverwaltern und sind der wichtigste Faktor, der die Münze vorantreibt.

Bitcoin Cash Hard Fork: cosa devi sapere

Bitcoin Cash è impostato per un aggiornamento della rete questo mese. Ecco cosa comporta l’aggiornamento e cosa significa per la comunità crittografica.

Bitcoin Cash è impostato per un aggiornamento della rete il 15 novembre 2020

Una versione BCHN dell’aggiornamento include un nuovo e non controverso sistema di mining.

Il team di sviluppo di Bitcoin ABC ha proposto un aggiornamento alternativo che reindirizza anche l’8% dei premi minerari.

La blockchain di Bitcoin Cash è destinata a subire un controverso aggiornamento della rete questo mese, che potrebbe dividere la moneta in due, e non per la prima volta .

L’aggiornamento proposto, almeno per la versione BCHN, introduce un nuovo algoritmo di mining ed è ampiamente accettato. Eppure i fautori della moneta, che è al quinto posto a livello globale, sono rimasti sorpresi quando il team di sviluppatori di Bitcoin ABC ha proposto un aggiornamento alternativo che ha aggiunto un ulteriore elemento che avrebbe deviato l’8% dei premi del blocco dai minatori di Bitcoin Cash.

Iscriviti adesso

La proposta del team ABC, denominata „Bitcoin ABC“, metterebbe i soldi nelle mani del proprio team di sviluppo. L’idea non è una novità; privacy coin Zcash ha un fondo simile da molti anni. Tuttavia, quelli della comunità di Bitcoin Cash lo vedevano come una presa di denaro e sentivano che andava contro l’etica decentralizzata della moneta.

„Deviare parte della ricompensa del blocco #BitcoinCash per pagare un singolo team di sviluppo è il sogno di un pianificatore centrale in stile sovietico che diventa realtà. Per favore, smettila „, ha detto Ver, in un tweet questo agosto.

Bitcoin, the programmable currency revolution: Discreet Log Contracts and their implications

Bitcoin’s DeFi Looks Promising – Crypto enthusiasts often have the preconceived notion that Bitcoin is unable to accommodate complex smart contracts. Although the programming language in which Bitcoin is encoded, the famous Script language, is quite rigid, it is simply wrong to claim that Bitcoin cannot serve more advanced needs of smart contracts.

One of the hottest and most anticipated means by the Bitcoin community is DLC’s (Discreet Log Contracts) . The idea was originally formulated through an academic dissertation in 2017 by cryptographer and Bitcoin Up researcher, Thaddeus Dryja. The second main contributor to the project and the software developer is Gert-Jaap Glasbergen. These two keyboard wizards work together at MIT (Massachusetts Institute of Technology) under the digital currencies initiative . It is also at one of the events organized by this branch of MIT in 2018 which aimed to explore the second layer solutions that the two developers are presenting for the first time. their project.

The challenges of smart contracts

They first mention the challenges of implementing smart contracts in the financial sector, namely their scalability, as well as the difficulty in collecting external information from the financial market. Another big challenge with smart contracts published on a public network such as Bitcoin is confidentiality: it can indeed be very disadvantageous for two parties to make their financial bets visible.

The main idea of ​​a DLC is the creation of a monetary contract which specifies the distribution of funds between two parties in contingency with conditions specified a priori of the formation of the contract. The outcome necessary for the determination is controlled by an external entity independent of the contractors, either an Oracle or a combination of Oracle chosen by the parties.

The DLC has a structure similar to a 2 of 2 multi-signature contract . The funds can only be distributed following the publication of a valid signature by the oracle which then specifies the results in it through an API ( Application Programming Interface) . The publication time of this data is programmed in advance. To avoid collusion between the oracle and one of the potential contractual agents, the conditions of distribution of funds are not visible to the oracle.

Graphic representation of a DLC by the firm Crypto Garage

The fact remains, however, that the oracle constitutes the unique link between the blockchain and the real world, so it must necessarily be a legitimate and reliable source of information . In order to mitigate the risk of corruption of an oracle, parties may decide to use several oracles at the same time and calculate the average result. This risk mitigation is not yet possible, but is already under development.

The Evolution of DLCs – The “Signature Adapters”

The first major readjustment of the DLC project was the adaptation of their general structures to allow the use of “Signature Adapters” . This type of signature allows a scaled and more anonymous integration of DLCs than the type of signatures used previously. In short, “Adaptors signatures” allow the creation of two invalid signatures by contractors, only one of which could ultimately be validated in conjunction with the signature issued by Oracle. This allows one-sided resolution from a cryptographic point of view.

Obviously, the science and cryptography of “Adaptors signatures” goes far beyond the objective of this article, which is intended to be more general. For those who would like to know more, I invite you to consult these more detailed explanations made by Tari labs.