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Although this process of paying to a public key hash (P2PKH) may seem convoluted, it allows Alice’s payment to Bob to contain only a 20 byte commitment to his public key instead of the key itself, which would’ve been 65 bytes in the original version of Bitcoin. That’s a lot less data for Bob to have to communicate to Alice.
David A. Harding • Mastering Bitcoin
In 2017, the Bitcoin protocol was upgraded. When the upgrade is used, it prevents transaction identifiers (txids) from being changed without the consent of a spending user (or a quorum of signers when multiple signatures are required). The upgrade, called segregated witness (or segwit for short), also provided additional capacity for transaction
... See moreDavid A. Harding • Mastering Bitcoin
Avec cette conception technologique, Nakamoto a inventé la rareté numérique. Bitcoin est le premier exemple d'un bien numérique qui est rare et qui ne peut être reproduit indéfiniment. Il est facile d'expédier un objet numérique d'un endroit à un autre dans un réseau numérique comme nous le faisons pour les mails, les messages textes ou les
... See moreMarie Oneissi • l'Étalon-Bitcoin
Bitcoin
Devin Baker • 36 cards
There was, however, an often unspoken irony in the success of Silk Road, and of Bitcoin for that matter. The site and the currency, which aimed to circumvent the power of the government, were largely built on technology that had been created by the government or through research sponsored by tax money.