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3 results tagged bitcoin  ✕
Mathematical Proof That the Lightning Network Cannot Be a Decentralized Bitcoin Scaling Solution https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800
Thu 24 Aug 2017 02:38:18 PM CEST
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Have you heard of the Bitcoin Lightning Network? It is a proposal that claims that:

article bitcoin blockchain lightning
The Blockchain Might Be The Next Disruptive Technology | TechCrunch http://techcrunch.com/2015/10/03/the-blockchain-might-be-the-next-disruptive-technology/?ncid=rss
Sun 04 Oct 2015 03:51:42 PM CEST
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To process a transaction, you need first to make sure the sender owns the asset he wants to transfer, and make sure he will not trade it twice.

In the blockchain, information is stored in blocks that record all transactions ever done through the network. Hence, it allows validating both the existence of assets to be traded and ownership.

To avoid double spending, the technology requests several nodes to agree on a transaction to process it. A validation is also artificially difficult to achieve: miners leverage computer power to solve complex cryptographic problems (the proof-of-work). Every time a problem is cracked, a block is added to the chain, and all the transactions it includes are thus validated. The updated chain, including the new block, is shared with other nodes and becomes the new reference; this process leverages cryptography to prevent duplicate transactions.

article bitcoin blockchain cryptography distributed_systems
The Future of the Web Looks a Lot Like Bitcoin - IEEE Spectrum http://spectrum.ieee.org/computing/networks/the-future-of-the-web-looks-a-lot-like-bitcoin
Sat 04 Jul 2015 01:30:53 PM CEST
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Forget the currency; it’s the protocol behind it that matters. It will mutate and take over everything we do (or could one day do) on the Web. You’ve been warned

article bitcoin blog docs interesting
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