Tag: timechain
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Bitcoin’s UTXO model and its implications for user privacy
Bitcoin is a financial network that allows users to store and send value over the internet without a trusted central authority. In order to achieve this, Bitcoin relies on a transparent ledger of transactions shared between its users. The system is fully auditable, and every unit of value can be traced back to the block…
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The Blocksize War: Who Makes the Rules in a Decentralized Network?
Decentralization is an often underappreciated and misunderstood feature of Bitcoin. Achieving consensus without a trusted third party was the biggest technical hurdle to the invention of a peer-to-peer electronic cash. While centrally controlled monetary networks can be corrupted or shut down, Bitcoin’s decentralized nature makes it permissionless, uncensorable and immutable. However, decentralization is a design…
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The Genesis Block
Today marks the 14th anniversary since the launch of the Bitcoin network. Now come to be known as the Genesis block, it refers to the first block ever mined on the Bitcoin network by anonymous computer scientist Satoshi Nakamoto on 3rd January 2009. 14 years after its inception, the Bitcoin network has lived up to…
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Timechain Calendar
I was recently introduced on the Simply Bitcoin show to a new web app called Timechain Calendar. Inspired by Coinkite’s Blockclock and by dashboards such as TimechainStats or mempool.space, Timechain Calendar pulls data from mempool.space’s API and displays it on a sleek interface, giving you a live overview of some key metrics of the Bitcoin…
Bitcoin Bumblebee 