04 Nov '13, 4pm

Mastercoin: A Second-Generation Protocol on the Bitcoin Blockchain

Mastercoin: A Second-Generation Protocol on the Bitcoin Blockchain

The concept of an alternative currently relying on Bitcoin to take advantage of its powerful and secure network backed by petahashes of mining power is not a new idea. The general concept first appeared in a much weaker form as “merged mining”, a mechanism in which alternative currency miners publish pointers to their blocks in the Bitcoin blockchain to mitigate the threat of 51% attacks . Mastercoin, however, takes this principle a step further. Rather than simply using the Bitcoin blockchain as a secure timestamping system to store its own blocks, Mastercoin uses the Bitcoin blockchain to store every transaction. Philosophically, the best way to think of Mastercoin is as an alternative way of making sense of Bitcoin transactions; just like the Bitcoin protocol takes a series of transactions and parses them to determine how many bitcoins are in every address at any partic...

Full article: http://bitcoinmagazine.com/7961/mastercoin-a-second-gener...

Tweets

Bitcoin Protocol Vulnerability Could Lead To a ...

slashdot.org 04 Nov '13, 11pm

"Cornell researchers unveiled an attack on the Bitcoin mining protocol that enables selfish mining pools to earn more than...

Making a loss on Bitcoin

Making a loss on Bitcoin

eddology.com 03 Nov '13, 8pm

So, my little experiment in bitcoin mining is going to end up making a loss. Seven months after purchase, a Butterfly Labs...

#Bitcoin is broken.

#Bitcoin is broken.

hackingdistributed.com 04 Nov '13, 5pm

The key idea behind Bitcoin's success is a decentralized protocol for maintaining a global ledger, called a blockchain. Th...

Selfish Mining: A 25% Attack Against the Bitcoin Network #bitcoin

Selfish Mining: A 25% Attack Against the Bitcoi...

bitcoinmagazine.com 04 Nov '13, 9am

One of Bitcoin’s core security guarantees is that, for an attacker to be able to successfully interfere with the Bitcoin n...

Bitcoin is breaking out (again).

twitter.com 03 Nov '13, 6pm

To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

Bitcoin Researchers: You Can Game the System

Bitcoin Researchers: You Can Game the System

mashable.com 04 Nov '13, 4pm

Computer science researchers at Cornell University claim to have found a way to subvert the system driving production of t...

Majority is not Enough: Bitcoin Mining is Vulne...

arxiv.org 04 Nov '13, 1am

The Bitcoin cryptocurrency records its transactions in a public log called the blockchain. Its security rests critically o...

Bitcoin flaw could let group take control of cu...

money.cnn.com 04 Nov '13, 6pm

University researchers say they've found an unnoticed defect in Bitcoin that could undermine the whole system, turning the...

Bitcoin

Bitcoin

bitcoinmagazine.com 28 Oct '13, 4pm

As far as open-source protocols go, one area in which Bitcoin is unique is the sheer difficulty of making any changes to t...

Bitcoin 'at risk' of network attack

Bitcoin 'at risk' of network attack

bbc.co.uk 05 Nov '13, 12pm

5 November 2013 Last updated at 12:21 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print B...

Bitcoin Pursues the Mainstream

nytimes.com 31 Oct '13, 4am

But some entrepreneurs, investors and even merchants are eyeing a far more mainstream use for it. They are convinced that ...

Bitcoin in Israel, Part 3: Interview on Alterna...

bitcoinmagazine.com 26 Oct '13, 9pm

Alternative cryptocurrencies have been an important part of the Bitcoin ecosystem for a long time; the first one to reach ...

Bitcoin Pursues the Mainstream

Bitcoin Pursues the Mainstream

nytimes.com 31 Oct '13, 2am

But some entrepreneurs, investors and even merchants are eyeing a far more mainstream use for it. They are convinced that ...

Chip designers see dollar signs in Bitcoin miners - Chicago Tribune #bitcoin

Chip designers see dollar signs in Bitcoin mine...

chicagotribune.com 03 Nov '13, 4pm

SUNNYVALE, California (Reuters) - Tucked away in an air conditioned data center in Silicon Valley is a hodgepodge of black...