UTXO is like cash in that every bill or coin is independent from each other, and if the dollar bill is authentic, the validity of a transfer is absolute and not contingent upon a separate accounting.
As an online merchant, Pat’s Coffee has a strong incentive to accept irreversible, low fee transactions online instead of credit cards. The only current disadvantage is the price volatility, which has moved down since this transaction took place.
BUX is a set of tools with a generic indexing service that devs can use to index their specific types of transactions without writing their service and running a fully verifying blockchain node.
Crypt generalizes the "Script level" delegation to delegate to any script/smart contract instead of a public key. This allows users to authorize arbitrary smart contract to spend one's bitcoin.
In the second part of this two-part piece, sCrypt introduces a universal yet straightforward delegation mechanism, an alternative to the script-level delegation they have developed.
In this two-part piece, sCrypt demonstrates a novel way to allow users to spend their UTXO/coins without giving another party their private key.
ChainBow's wallet is true to the original Bitcoin vision, based on publicly available Bitcoin technology standards, and opens the door to the Web3 world for the masses of users.
A recent sCrypt article discusses how to facilitate streaming services using the Bitcoin protocol. This is not streaming large movie data on-chain but leverages the incentive and accountability aspects of the protocol and ledger itself.
In this post, sCrypt’s Xiaohui Liu demonstrates a cost-efficient way to provide movie streaming and other types of services on demand, based on payment channels.
The Medici era marked the expansion of commerce and the merchant class as the ruling class of power—it was a time of expansive trade and the period where the invention of banking took place.
Without any means to recover billions of dollars worth of assets that can be lost or stolen in an instant, Bitcoin can kiss goodbye any serious prospect of institutional investors or large corporate buy-ins.