Whelan says that bitcoin mining operations, which are the most obvious audience for bitcoin futures, are still "getting their ducks in a row" in terms of finding brokers and clearinghouses willing to trade this new asset in larger volumes. Binary options give traders the option of receiving either cash or a portion of the asset for each successful trade. In the window, choose the crypto asset you want to withdraw and select the network to which you want to withdraw your asset. 261 was about the Lightning Network Summit notes. Important note: Please choose the network carefully and make sure it matches the network of the platform you’re withdrawing funds to. So at some point, we added a small tweak to that to make it one round and a half of exchange, where the party who wants to close the channel sends a Type-Length-Value (TLV) saying, "I will accept any fee inside that range, and I am proposing that one". Mark Erhardt: I really like that the person that wants to close the channel now has to pay for it, because it always baffled me that the person that started the channel also had to pay the closing fee.
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Mark Erhardt: And joined the anti-pinning task force. Mark Erhardt: Okay, I have one more question. Mike Schmidt: Okay, so each side gets a chance to propose and while you’re doing that communication, you’re also taking advantage of that interactivity point to also exchange nonces? And this way, youtu.be we’ll be able to completely deprecate the older two versions at some point. But if you’re trying to replicate a hash by knowing when you know the input message before the hash, the pre-image, then it’s only a 128-bit security because you sort of have to find two things that produce the same digest rather than needing to replicate one digest. Due to a security flaw in its system, the largest DeFi hack of all time lost $624M worth of cryptocurrency assets. China has declared crypto-related transactions illegal, citing security and social stability reasons. It’s called this because when "miners" record transactions to the public ledger, they are adding another block to the cha
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If you know a master public key and you see any signature below it you can transmute that signature into a valid signature for any other key under that master key. Replace the 2-of-2 schnorr multisig between the trusted third party and the current delegate (using an adaptor signature) with a single-sig using secure multiparty computation. And the other party can also say, "I want a transaction too, here is the fee I’m ready to pay. The goal is to just get to a point where the commitment transaction doesn’t pay any fee so that everything is simpler. Bastien Teinturier: Exactly. And on top of that, if you have both prepared two transactions, published them, they’re not confirming, at any point in time, you can just resend that message that says, "I’m ready to pay that fee now. So, if you are not the channel initiator and you are paying for part of the fee and only the initiator is able to choose that feerate, that would be an issue. So, when you have a channel non-initiator, maybe you have more of an incentive to force close than to mutual close because this way it’s going to be the channel initiator that will pay t
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But then, if they’re not the one who initiated the closing, maybe they didn’t really want to close so they don’t have an incentive to - the incentives are a bit weird regarding how to set the fees. Bastien Teinturier: Because there’s only one other party can actually change the feerate of a commitment transaction and it’s the channel initiator. Rusty’s proposal was that instead of creating one transaction and trying to negotiate the fees on it, we would actually create two transactions, one for the channel initiator, one for the non-channel initiator, where each one decides how much fees they’re ready to pay and what fees are taken from their output. One important thing to understand is that on a yearly basis, the price of bitcoin keeps increasing, even if the daily or weekly bitcoin price might see wild fluctuations. Your weekly wrap of Web3 news and trends. The first item that we have in the news list here is Simplified LN closing protocol. Mike Schmidt: Yeah, I think it’s probably good to jump into the second news item, then we can continue some of this discussion. But luckily I saw that it was being heavily commented or reviewed by t-Bast who was going to be joining us already for the LN Summit discussion.