26 Feb '16, 11pm

My mind blown by two Bitcoin developments presented today.

My mind blown by two Bitcoin developments presented today.

At the Bitcoin workshop in Barbados, Malte Möser will present our solution to the Bitcoin private key management problem . Specifically, our paper describes a way to create vaults , special accounts whose keys can be neutralized if they fall into the hands of attackers. Vaults are Bitcoin’s decentralized version of you calling your bank to report a stolen credit card -- it renders the attacker’s transactions null and void. And here’s the interesting part: in so doing, vaults demotivate key theft in the first place. An attacker who knows that he will not be able to get away with theft is less likely to attack in the first place, compared to current Bitcoin attackers who are guaranteed that their hacking efforts will be handsomely rewarded. Operationally, the idea is simple. You send your money to a vault address that you yourself create. Every vault address has a vault key ...

Full article: http://hackingdistributed.com/2016/02/26/how-to-implement...

Tweets

Announcing the first successful Zero-Knowledge ...

bitcoincore.org 26 Feb '16, 9pm

I am happy to announce the first successful Zero-Knowledge Contingent Payment (ZKCP) on the Bitcoin network. ZKCP is a tra...

Is Bitcoin Under Attack?

Is Bitcoin Under Attack?

motherboard.vice.com 01 Mar '16, 10pm

On Monday, the Bitcoin world had a meltdown as the cryptocurrency’s network started to slow down seemingly without explana...

Why the Banks See Bitcoin as their Number One E...

huffingtonpost.com 26 Feb '16, 10pm

Bitcoin has created waves in the world of finance. Look back to 2013 when Bitcoin first came onto the horizon. Its value r...

Why Bitcoin Continues to become Increasingly Po...

thebitcoinpro.com 27 Feb '16, 7pm

In today’s digital world, the way in which we do many things has changed dramatically. We rely on modern technology for al...

The Energy Blockchain: How Bitcoin Could Be a C...

greentechmedia.com 26 Feb '16, 5pm

There's a new buzzword emerging in the energy industry: blockchain. Blockchain is commonly known as the public database cr...

The Bitcoin Covenant — Defense Against #Bitcoin Theft !

The Bitcoin Covenant — Defense Against #Bitcoin...

newsbtc.com 28 Feb '16, 4pm

The new vault, developed by Cornell University professor is called a Covenant and it uses the inbuilt bitcoin script to cr...

Bitcoin wallet Chip-Chap connects traditional b...

thebitcoinpro.com 25 Feb '16, 2pm

The e-wallet Chip-Chap is a digital system which allows to manage and interconnect traditional banking platforms with virt...

Why Bitcoin Continues to become Increasingly Popular - newsBTC

Why Bitcoin Continues to become Increasingly Po...

newsbtc.com 27 Feb '16, 6pm

In today’s digital world, the way in which we do many things has changed dramatically. We rely on modern technology for al...

#Japan #Considers Making Bitcoin a Legal #Currency

infowars.com 26 Feb '16, 9pm

Japan’s governing Liberal Democratic party is planning to propose legal changes that would define bitcoin and other crypto...

MIT Media Lab Director Joi Ito Speaks Up on Bitcoin Technical Development Environment

MIT Media Lab Director Joi Ito Speaks Up on Bit...

bitcoinmagazine.com 24 Feb '16, 4pm

A recent MIT Technology Review article covered by Bitcoin Magazine , titled “Technical Roadblock Might Shatter Bitcoin Dre...

Kryptokit Launches Jaxx Ethereum & Bitcoin Wall...

bitcoinmagazine.com 24 Feb '16, 7pm

Earlier this month, Anthony Di Iorio, chief digital officer of the Toronto Stock Exchange, CEO and founder of Kryptokit an...

The Bitcoin Covenant — Defense Against Bitcoin ...

thebitcoinpro.com 28 Feb '16, 5pm

Don’t we all remember Mt Gox, the Pompeii of bitcoin which almost burnt the cryptocurrency to ground? For those who don’t,...

MIT Hosts Annual Bitcoin Expo March 5 and 6 to Explore Challenges Facing Bitcoin

MIT Hosts Annual Bitcoin Expo March 5 and 6 to ...

thebitcoinpro.com 25 Feb '16, 6pm

On March 5th and 6th, the MIT Bitcoin Club is hosting its annual Bitcoin Expo in the Samberg Conference Center on the MIT ...

MIT Hosts Annual Bitcoin Expo March 5 and 6 to ...

bitcoinmagazine.com 25 Feb '16, 5pm

On March 5th and 6th, the MIT Bitcoin Club is hosting its annual Bitcoin Expo in the Samberg Conference Center on the MIT ...

Joi Ito: Why I'm Worried About Bitcoin and the Blockchain

Joi Ito: Why I'm Worried About Bitcoin and the ...

coindesk.com 22 Feb '16, 6pm

Joichi Ito is the Director of the MIT Media Lab and Chairman of the Board of PureTech Health. He is on the board of the So...