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Hivemapper(HONEY)

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$0.07366
(2.28%)
0.00000109 BTC
Market Cap (Rank#281)
$153,784,087
2,284 BTC
Vol 24h
$248,947
3.697863 BTC
Circulating Supply
2,087,765,276.32
Max Supply
10,000,000,000
313 days agocointelegraph
Privacy prevails and cypherpunks write code at Baltic Honeybadger
The Riga cypherpunk reunion convened around the Lightning Network, privacy and a strong anti-CBDC sentiment.
341 day agocointelegraph
Big Questions: Did the NSA create Bitcoin?
Is Bitcoin the biggest intel honeypot in history? A former NSA agent says “they absolutely have the capability” but others ridicule the idea.
363 days agocryptodaily
Grizzly.Fi Launched the Grizzly Trade Decentralized Perpetual Exchange
Grizzly.Fi, the trailblazing DeFi platform committed to democratizing innovative financial solutions, has shared a momentous announcement that transcends its vibrant community. On July 21, 2023, Grizzly Trade, their decentralized perpetual platform built on opBNB in collaboration with Metavault Trade, officially launched on BNB Mainnet. This highly anticipated release marks the platform's advancement into a new realm alongside its existing range of earning products, further benefiting the Grizzly ecosystem. The First Decentralized Perpetuals on opBNB Grizzly, one of the most promising projects in the DeFi span, has launched its decentralized perpetual exchange, Grizzly Trade. This strategic expansion marks a significant milestone for the Grizzly Ecosystem, as it taps into a new market and propels the platform towards its vision of becoming a decentralized hub for DeFi's finest utilities. In collaboration with Metavault Trade, Grizzly.Fi has extended its product line to include a futures trading platform, providing additional benefits to the Grizzly ecosystem. The opBNB (BNB Layer 2) deployment process commenced on June 30, 2023, and made Grizzly Trade available for testing. Following the initial deployment on the opBNB Testnet, the platform was also launched on the BNB mainnet on July 21. Grizzly Trade allows users to trade blue-chip cryptocurrencies such as BTC, ETH, and BNB with leverage of up to 50x while ensuring a fully non-custodial experience. The platform boasts an intuitive and user-friendly interface, providing a glimpse of the upcoming V2 update, which aims to transform the growing ecosystem into a beginner-friendly crypto hub. Beyond its appeal as a new product catering to a broader audience, Grizzly Trade plays a vital role within the Grizzly ecosystem, serving as a lucrative real yield source for yield farmers. By providing liquidity, users can earn 50% of all platform fees while simultaneously being exposed to BTC, ETH, BNB, and stablecoins. One of the most notable features of Grizzly Trade is the built-in Buyback & Burn functionality for Grizzly's native token, "GHNY." This unique feature utilizes 25% of all generated platform fees to purchase GHNY from the open market and burn it. This mechanism effectively curbs inflation, transforming GHNY into an ultrasound (deflationary) token. Grizzly Trade not only expands the potential market size by introducing a utility already utilized by thousands of individuals regularly but also stabilizes inflation and drives the protocol's traction. It signifies an important step towards achieving the overarching goal of the Grizzly ecosystem: to lead and onboard the next million users into DeFi. Win Big with GrizzlyFi's "Trade to Earn" and "Trade to Win" Challenges! In parallel with this launch and to celebrate it, GrizzlyFi establishes new trading challenges to reward and encourage new users to explore the platform: 'Trade to Earn' and 'Trade to Win.' With these two challenges, users can win impressive prizes from a reward pool of $20,000 in the 'Trade to Earn' challenge with a $1,000 transaction volume. Also, they can compete for some of the $50,000 and $30,000 prize pools in the 'Trade to Win Beginner' and 'Trade to Win Pro' challenges, respectively. Discover Grizzly.Fi Grizzly.Fi is a tech company founded in 2021, and it incorporates a DeFi platform dedicated to democratizing decentralized finance for all. Today, Grizzly.Fi is also one of the most intuitive Liquidity Mining platforms. Renowned for its solutions and unwavering dedication to inclusivity, the company sets the benchmark in the industry. Apart from its exceptional accessibility, Grizzly.Fi upholds an unwavering focus on security and transparency. Employing cutting-edge security protocols, the platform ensures the utmost protection of users' funds and personal information while fostering a culture of complete operational transparency. Stay Updated For more information, discover the honeycomb of Grizzly.Fi and explore its exceptional range of products by visiting its official website. Also, engage with the company through social media on LinkedIn, Twitter, Discord, Telegram, Reddit, Instagram, and YouTube, to stay connected with the latest news and updates. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
394 days agocoindesk
Will BlackRock's Bitcoin ETF Take the Spirit Out of the Honey Badger?
Financial advisors will want a simple story to tell.
439 days agocryptodaily
Unveiling the Premier Crypto Events in Asia for 2023
The world has witnessed remarkable growth in cryptocurrency adoption, with Asia emerging as a dominant force in the digital asset landscape. Leading countries such as China, South Korea, and Japan have significantly contributed to this growth. As more Asian nations embrace blockchain technology and digital currencies, the region has experienced a surge in crypto events and conferences. These events have played a crucial role in fostering collaboration, innovation, and knowledge exchange among industry insiders, investors, and enthusiasts. As 2023 unfolds, Asia remains a hub for groundbreaking discussions on the future of blockchain, Web3, and cryptocurrencies. 1. IVS Crypto 2023 KYOTO: A Premier Event for Web3 Innovators (Kyoto, Japan, June 28-30, 2023) IVS Crypto 2023 KYOTO, scheduled for June 28-30 in Kyoto, Japan, is a premier event with many sub-events to look forward to. Notable highlights include HONEYCON (an NFT theme park) and a strong list of speakers representing Digital Garage, Circle, Bank of Japan, Quantstamp, etc. All of these companies will help attendees further understand the growing importance of Web3 technology. Another exciting sub-event is "SHAKE! KYOTO," a Web3 game-specific contest. Finalists will be selected from submitted Web3 game projects and compete for awards. All outstanding entries will gain the attention of publishers, licensors, and venture capitalists, further propelling their projects into the spotlight. 2. WebX: Introducing Decentralized Technologies to Society (Tokyo, Japan, July 25-26, 2023) WebX, Asia's largest web3 conference, comes to you from the Tokyo International Forum. The two-day global event emphasizes the impact of decentralized technologies on society. While it maintains a Japan-first focus, these implications traverse country borders and will eventually make their way throughout Asia. WebX features various side events, offering something for every type of attendee. Furthermore, the crowd has a vast buffet of industry speakers to listen to. Representatives of Salesforce, Ripple, Chiliz, Nansen, and other crypto firms will share their insights and expertise. 3. Korea Blockchain Week: Redefining the Future of Finance (Seoul, South Korea, September 4-9, 2023) Korea Blockchain Week, founded by FACTBLOCK and co-hosted by Hashed, returns for its sixth year in Seoul. This annual event gathers the brightest minds in the industry to discuss, redefine, and celebrate the future of finance. There is a sturdy lineup of industry speakers to pay attention to, including Nick Szabo, Adam Back, Vitalik Buterin, and Changpeng Zhao, among many others. Like the other Asian events, KBW has several side activities for visitors to explore. The official and affiliated side events all provide a different flair to attendees, with many networking opportunities to explore. It is always worthwhile connecting with like-minded people. 4. TOKEN2049: Asia's Premier Crypto Gathering (Singapore, September 13-14, 2023) TOKEN2049, held annually in Singapore, is Asia's premier crypto event. As the flagship event of Asia Crypto Week, it brings together founders and executives of leading Web3 companies and projects. The event is known for its massive networking opportunities, enabling attendees to forge new connections and explore potential opportunities. Plus, it has a top-tier list of speakers willing to guide attendees on their journey into crypto, Web3, NFTs, etc. From September 13-14, 2023, TOKEN2049 transforms Singapore into a vibrant crypto hub. The event provides everything one needs, including numerous side events, drinks, and parties. Moreover, TOKEN2049 will coincide with the Formula 1 Grand Prix of Singapore in 2023. There is nothing like an F1 race to get the blood pumping!A Year of Unprecedented Crypto Events in Asia As the cryptocurrency landscape evolves, Asia's role as a pivotal player in the global digital asset market becomes increasingly evident. As a result, the region's premier crypto events in 2023, such as TOKEN2049, Korea Blockchain Week, WebX, and IVS Crypto 2023 KYOTO, will serve as crucial platforms for industry leaders, investors, developers, and enthusiasts to collaborate, innovate, and exchange knowledge. These conferences facilitate discussions on the future of blockchain, Web3, and cryptocurrencies and provide unparalleled networking and learning opportunities for those involved in this rapidly advancing sector.
452 days agocryptodaily
Discover a New Web3 Adventure at IVS Crypto 2023 KYOTO, Japan’s Largest Crypto Conference
Kyoto, Japan, April 26th, 2023, ChainwireIVS KYOTO Executive Committee (Headline Japan / IVC, Kyoto Prefecture, Kyoto City, and Kyoto Chiesangyo Sozonomori) will hold IVS Crypto 2023 KYOTO, as the largest crypto conference in Japan, from June 28 (Wed.) to June 30 (Fri.), 2023 at the Kyoto International Exhibition Hall “Miyako Messe” and ROHM Theatre Kyoto. We are pleased to announce the first event content update.As the flagship event of Japan Blockchain Week, IVS Crypto 2023 KYOTO is the ultimate event for Web3 entrepreneurs, investors, developers, media, government officials, and curious enthusiasts alike. Building upon the success of IVS, Japan’s largest startup conference since 2007, this year’s IVS Crypto takes place in Kyoto, a city known for its rich history and global popularity.The CEO of Aptos, Mo Shaikh, will be speaking alongside other blockchain industry experts like Shiozaki Akihisa, who drafted Japan’s "Web3 Whitepaper" as the secretary-general of the web3 project team of the Liberal Democratic Party; Sandy Peng, co-founder of Scroll, a solution utilizing zero-knowledge proofs; Jeremy Allaire, CEO of Circle, the issuer of the stablecoin USDC; Hatogai Junichiro, director of the Bank of Japan's FinTech Center working on a Central Bank Digital Currency (CBDC); Ito Joichi, Co-founder of Digital Garage; Emi Yoshikawa, Vice President of Strategy and Operations at Ripple; and Sota Watanabe, founder of Astar Network.As one of the core events under IVS Crypto, this country’s largest Web3 game platform YGG Japan will hold a Web3 pitch contest called "SHAKE! KYOTO" along with major game companies in Japan. In addition, inside the event, there will also be an arcade center where you can try out the latest blockchain games to be released worldwide.HONEYCON, the Web3 theme park concept that gained a lot of buzz last October will be held this year as an NFT theme park in IVS Crypto, presenting the world's most advanced and enjoyable NFT, and incorporating WEB3 & NFT with entertainment elements for a wide range of people to enjoy. The event will also feature NFTs and 2.5D physical art on exhibit and for sale by some of the best NFT creators in Japan, curated by GASHO2.0.Side events are a part of the crypto culture. Official IVS Crypto side events and special side events with sponsors and speakers will be held at famous Kyoto locations such as Yasaka Shrine, Nijo Castle, and WORLD KYOTO.Following on from last year, Tanukichi (web3honey), an evangelist for the web3 industry, and Web3Girls, an organization that supports and assists women in the web3 industry, will be the official ambassadors of the event. They will promote IVS Crypto 2023 KYOTO both before and during the event.Ripple, the leader in enterprise blockchain and crypto solutions, will be the Diamond Corporate Partner of IVS Crypto 2023 KYOTO, along with other corporate partners such as Oasys, double jump.tokyo, SBI Group, Ginco, and LOLLIPOP, to promote the spread of Web3 together. Additionally, media partners and community partners will cooperate in disseminating the appeal of IVS Crypto and activating the community.IVS Crypto 2023 KYOTO is held concurrently with IVS, one of Japan's largest startup management conferences since 2007. In addition to talk sessions and booth exhibits, you can also watch the IVS LAUNCHPAD, where startups compete by pitching their businesses and where former contestants have created numerous IPOs and M&As.About the IVS KYOTO Executive CommitteeHeadline Japan Co., Ltd. was established in conjunction with Kyoto Prefecture, local government agencies, and industrial support organizations for the purpose of further developing the startup ecosystem and promoting local industry. The program aims to promote the fusion of startups with Kyoto's cluster of companies, universities, research institutions, and cultural resources, leading to the creation of new industries and the emergence of world-class startups.Affiliated Bodies: Headline Japan Co., Ltd. / Infinity Ventures Crypto (IVC), Kyoto Prefecture, Kyoto City, Kyoto Chiesangyo SozonomoriContactItai [email protected]
455 days agocryptodaily
Crypto Weekly Roundup: BTC Drops After Mass Liquidation And More
Do Kwon’s troubles continue as a judge has recently allowed the SEC to access Luna Foundation Guard’s Singapore records, which could shed more light on the TERRA/LUNA crash. On the other hand, BTC is also struggling to stay afloat after a series of sudden liquidations took the market by surprise. Let’s find out more. Bitcoin The environmental impact and centralization issues associated with traditional Bitcoin mining have reared their head in recent years. Emerging solutions in the Web3 space may offer a more sustainable and decentralized path forward. A cascade of liquidations sent Bitcoin and the crypto market dropping suddenly on Wednesday. Ethereum The finalization of Ethereum’s Shanghai hard fork, also known as Shapella, was completed at around 22:42 UTC. Altcoins Layer-1 protocol Sui Network has announced that it will officially be launching its mainnet on the 3rd of May, 2023. There has been a major upheaval in the memecoin space as crypto Twitter looks to move past the Doge and Shiba Inu and get into PEPE. With Bitcoin taking a slight pullback and dominance looking ready to crash, is a short altcoin season in the offing? Technology Société Générale Forge (SG Forge) has unveiled a new stablecoin, CoinVertible ($EURCV), pegged on the Euro. The Bank of England has initiated a pioneering venture, Project Meridian, which aims to examine the potential of distributed ledger technology. The TON Foundation has announced the rollout of a two-way bridge to enable the transfer of ERC-20 tokens from Ethereum to natively wrapped fungible tokens on TON. Business US-based cryptocurrency exchange Gemini has revealed that it is planning to open an offshore derivatives platform. CoreWeave, a specialized cloud provider, recently announced the successful completion of a $221 million Series B funding round. The U.S.-based crypto exchange, Coinbase has recently acquired the license required to offer crypto trading services in the island territory of Bermuda. Pop sensation Taylor Swift pulled out of a $100 million deal with FTX, thus saving herself from the class-action lawsuit that is targeting so many other celebrities. Cryptocurrency exchange Kraken has revealed that it has secured a virtual asset service provider (VASP) license from the Central Bank of Ireland. Coinbase CEO Brian Armstrong has warned that the cryptocurrency exchange faces a multi-year court battle with the SEC. Crypto exchange Luno announced on Monday that it would soon suspend its operations in Singapore, giving customers time until June 19 to withdraw cryptocurrencies from their Luno Wallets. Regulation Recently arrested CEO of Terraform Labs, Do Kwon, has denied that he defrauded investors and says that SEC allegations are unfounded. Several crypto companies in the US are facing major regulatory challenges and have announced their plans to relocate offshore. Virtual asset laws in the Middle East and North Africa region (MENA) have given it a competitive advantage in cryptocurrency markets and trading. Binance is taking advantage. The world’s largest cryptocurrency exchange, Binance, is facing a probe in Brazil, with authorities confirming the launch of an official investigation into the exchange. The records of the Luna Foundation Guard and Do Kwon’s operations, which have been stored with the Monetary Authority of Singapore (MAS), can now be accessed by the SEC. SEC Commissioner Hester Peirce is continuing to express her dissent at what her regulatory agency is doing to crypto under the charge of Chairman Gensler. Celebrity athlete Shaquille O’Neal has finally been served with a copy of the class-action lawsuit against public figures who promoted the now-defunct crypto exchange FTX. SEC Chair Gary Gensler has been called a hypocrite by critics after footage of him promoting Algorand and praising Silvio Micali emerged. NFT The MadLads NFT public mint, initially set for launch on 4/20, was been postponed for over a day due to a groundswell of interest in the project. It later launched after setting up a honeypot trap for bots. Mattel Inc. has announced an upcoming update to the Mattel Creations Virtual Collectibles Platform to change it into a peer-to-peer marketplace for collectors. Athletics and lifestyle apparel brand Nike is releasing its first-ever drop on the.Swoosh Web3 community platform that will host Polygon-based NFTs. Security A recent incident involved a vulnerability found in the WebAssembly feature (WASM) of Trust Wallet. Metaverse platform MetaPoint ($META) recently experienced an exploit on its POT smart contract. Layer-2 blockchain Optimism witnessed a significant security breach involving the multichain lending protocol Hundred Finance. Web3 wallet developer MetaMask has denied claims that an exploit on its wallet has led to a "massive wallet-draining operation," resulting in the theft of over 5,000 in $ETH. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
457 days agocryptodaily
Solana-based MadLads NFT Mint Pushes Through After Delay
The MadLads NFT public mint, initially set for launch on 4/20, was been postponed for over a day, due to a groundswell of interest in the project. It later launched after setting up a honeypot trap for bots. The surge in demand for the MadLads NFT collection was reportedly caused by a distributed denial of service (DDoS) attack. However, the exact nature of the attack is yet to be confirmed, whether it was intentional or was caused by an external threat actor trying to hijack or sabotage the project. A DDoS attack occurs when multiple systems flood a targeted server, system, or network with a massive volume of traffic, overwhelming its resources and causing it to become slow or unresponsive. In the MadLads situation, the billions of requests routed through the crypto wallet Backpack exceeded the platform's capacity, effectively leading to a DDoS attack. The excessive traffic not only affected the Backpack wallet but also impacted other aspects of the Solana ecosystem, such as knocking out two RPC nodes (access points to the Solana blockchain) and the user interface on Cloudflare, a service that helps prevent DDoS attacks. As a result, MadLads NFT co-creators Armani Ferrante and Tristan Yver announced the delay, effectively postponing the public mint by 24 hours or so, in order to address the issue and ensure the infrastructure could handle the influx of users seeking to mint the MadLads NFTs. The overwhelming demand for the MadLads NFTs also impacted other aspects of the Solana ecosystem. The heavy traffic managed to knock out two RPC nodes which serve as access points to the Solana blockchain, as well as the interface for Cloudflare, a routing platform that helps prevent DDoS attacks. The demand has likely driven a surge in signups for Blue Coral's Backpack wallet app, which is the only wallet supporting the MadLads collection. The MadLads collection, a project closely associated with the Solana duo, has sparked immense interest, making it one of the hottest NFT mints in Solana's recent history. According to Ferrante, billions of requests routed through the crypto wallet Backpack, which is also a product of Ferrante and Yver's startup, Blue Coral Inc., far exceeded the platform's capabilities, leading to the DDoS attack. MadLads represents a new kind of NFT called xNFTs, which are more than just JPEG images on a blockchain. xNFTs also represent tokenized code that signifies ownership rights over its execution. The MadLads collection is intended to be the first xNFT. During a Twitter Spaces conversation with approximately 9,500 listeners, Ferrante explained the magnitude of the situation: "[the demand was] orders of magnitude more insane than anything we've dealt with up until this point." He recounted a series of internet outages that initially forced a one-hour delay and ultimately led to the 24-hour postponement. The excitement within the Solana community led to some NFT traders seeking any possible advantage to gain access to the MadLads collection. Some individuals even followed a Substack post's erroneous advice, suggesting that purchasing custom RPC nodes from Solana developer project Helius would increase their chances of minting a MadLads NFT. This misinformation prompted Helius CEO Mert Mumtaz to claridfy in the Helius Discord server that the custom RPC nodes would not significantly improve one's chances of minting a MadLads NFT. Since the delay, the MadLads NFT collection successfully went through with its mint. VICTORY.YOU HAVE FREED THE MAD LADS!SHOW US YOUR UNRUGGED MAD LADS
2426 days agocryptodaily
Developers Discuss the State of Bitcoin Privacy at Baltic Honeybadger Conference
A major highlight of the recent Baltic Honeybadger 2017 conference in Riga, Latvia was the final panel at the end of the second day of events, which consisted of a number of well-known developers in the Bitcoin ecosystem. During the panel discussion, the developers shared their thoughts on the current state of privacy in Bitcoin. Various participants on the panel pointed out the close relationship between privacy and scalability, the privacy issues with light wallets, and how the ecosystem is now on the cusp of a number of different privacy enhancements. Bitcoin Privacy Improves as the Technology Scales by Default The first panelist to comment on the topic of privacy in Bitcoin was applied cryptography consultant and sometimes Bitcoin Core contributor Peter Todd. For Todd, the main point he wanted to get across was that improved privacy is something that is inherently associated with better scalability of the system. “The whole reason why Bitcoin has such terrible privacy is everyone has everyone else’s transactions, and any scalability measure that makes Bitcoin scale better inevitably is going to make fewer people have fewer people’s data,” said Todd. Todd noted that people who use centralized off-chain services like Coinbase may have better privacy than those who are transacting on the public blockchain, depending on their threat model. For example, Coinbase knows everything that Coinbase users are doing, but North Korea knows nothing about these transactions because they’re processed on Coinbase’s internal servers. “As we go scale this tech up, if we do so successfully, we will get improved privacy no matter what we do,” added Todd, who pointed to the Lightning Network as a perfect example of this concept in practice. In terms of privacy-focused altcoins, such as Monero and Zcash, Todd claimed the scalability situation is actually worse. “Zcash and Monero both essentially have accumulators that mean that nodes need more data to go and process transactions,” explained Todd. “There are tradeoffs around this . . . but a lot of this tech isn’t there yet and it just makes things more complex.” Better Privacy Needs to Be Balanced with Usability When SatoshiLabs CTO Pavol Rusnak commented on Bitcoin privacy, he brought up the issue of usability in terms of future privacy improvements. In his view, there is a triangle of tradeoffs between privacy, security, and usability that must be understood. As a specific example, Rusnak pointed to MimbleWimble, which is a proposal for a much more private and scalable blockchain. Rusnak noted that while the proposal may improve the privacy situation, it also degrades usability by removing the ability to view one’s transaction history on the blockchain. “The question is: If there is a coin that has security and privacy but it loses usability because of its transaction history, will people be interested in using it?” asked Rusnak. “I think yes. But it’s still — we have a lot of people who are Trezor users and they really tend to look into their transaction history. They put labels everywhere.” Rusnak went on to add that there is no “silver bullet” that can be applied to every use case out there. The Privacy Problem for SPV Wallets As the microphone was handed over to Libbitcoin lead maintainer Eric Voskuil, he brought up the issue of wallets based on simplified payment verification (SPV). “I’d like to get client-server scenarios out of the P2P protocol,” said Voskuil. “I think it’s creeping in a bad direction.” In Voskuil’s view, shortcuts have been taken in order to implement more user-friendly bitcoin wallets. Some of these shortcuts have created new problems, and Voskuil specifically pointed to the issue of bloom filters, which are used in SPV wallets. “You can think of it as a DoS attack against nodes, it gives up privacy, there’s just nothing good about it,” said Voskuil. As Voskuil explained, those who use these bloom filters are giving some anonymous node on the network — which may actually be a node operated by a blockchain analytics company — an IP address to attach to a transaction. In Voskuil’s view, it would be better to simply connect to a server via the Tor network and publish a transaction there. That way, no one would know where it came from. Ciphrex CEO and Bitcoin Core contributor Eric Lombrozo agreed with Voskuil’s comments on bloom filters, and he indicated that the sync time associated with operating a full node is what pushes users to these less-secure, less-private wallets in the first place. “Right now, verification is not that cheap, and that’s a problem because then you basically end up outsourcing this to third parties, and that changes the entire security model of Bitcoin,” said Lombrozo. Lombrozo went on to refer to bloom filters as “a hack” that was never really fleshed out or well designed at all. “You don’t have to download entire blocks, but you do give up tremendous amounts of privacy,” Lombrozo added. In the past, Chaincode Labs’s Matt Corallo, who was a co-author of the Bitcoin Improvement Proposal (BIP) related to bloom filters, has said he regrets ever writing up the idea. Lombrozo also pointed to Lightning Network developers Olaoluwa Osuntokun and Alex Akselrod’s proposal for client-side filtering in light clients, which would improve the privacy issues related to the use of SPV. “It gives you better privacy,” explained Lombrozo. “You can actually download a filter associated with a block and on your node you can actually check whether that block might contain transactions you’re interested in before you download the entire block.” Lombrozo also brought up BIP 151, which was authored by Bitcoin Core contributor Jonas Schnelli. The point of this proposal is to encrypt the data being sent over the P2P protocol, which could offer an obvious privacy improvement for light clients in terms of making their network communications less public. Blockstream CEO Adam Back also agreed with the idea that bloom filters are not very good for user privacy. However, Back also clarified that most of the light wallets available today, even the ones on smartphones, are not pure SPV wallets. Instead, the user usually connects to a server provided by the wallet developer or points the wallet at the user’s own full node running at home (or some combination of the two). For this reason, Back wondered whether there is much of a need for SPV wallets in Bitcoin. “If you already have two crosschecks — a semi-trusted node and an option of your own node — then do we really need the SPV protocol?” asked Back. “Because you’re allowing yourself to be surrounded by people who are trying to spy on your privacy — the people doing the kind of Chainanalysis kinds of things are running lots of crawlers on the network and being SPV providers to many wallets.” On the Cusp of Improvements in Bitcoin Privacy The most privacy-focused individual on the panel may have been JoinMarket developer Adam Gibson. JoinMarket is the most widely-used implementation of CoinJoin, which is a way for users to mix their bitcoins with each other and obscure their transaction history. Gibson continued Todd’s point on the relationship between privacy and scalability by specifically talking about Blockstream Mathematician Andrew Poelstra’s concept of scriptless scripts. “The way I’d put it is it’s like taking the semantics of the transaction off chain, so you may still have a transaction but the meaning of it is obscured [and] it becomes a lot more private,” explained Gibson. “For example, you might do a coin swap where you and I swap the history of our coins, but we do it in such a way that it just looks like a totally ordinary transaction. In fact, it’s impossible to distinguish from an ordinary transaction.” According to Gibson, there are many other examples of ways in which data can be taken off of the base Bitcoin blockchain layer to improve privacy. Like Todd, Gibson pointed to the Lightning Network as another obvious example. Gibson also pointed out that he’s now more excited by the concept of Confidential Transactions due to a recent paper that describes a way to massively improve the efficiency of these types of transactions, which are meant to mask the amounts associated with transactions. The JoinMarket developer went on to describe a world where Confidential Transactions are combined with CoinJoin to mask the most important attributes of Bitcoin transactions. In fact, Gibson indicated that this sort of combination can be done in a manner that makes privacy-conscious transactions cheaper than traditional Bitcoin transactions. Gibson also pointed to Schnorr signatures and MAST as two other upcoming improvements that could have implications for user privacy, but he also indicated that there is not much users can do to improve their own privacy today — outside of using JoinMarket or practicing good Bitcoin privacy hygiene such as avoiding address reuse. This is all in addition to the previous privacy improvements for light clients described by Lombrozo. “There’s a lot of very close things at this point, which makes me a bit more positive than I might have been before,” concluded Gibson.
2426 days agocryptodaily
Developers Discuss the State of Bitcoin Privacy at Baltic Honeybadger Conference
A major highlight of the recent Baltic Honeybadger 2017 conference in Riga, Latvia was the final panel at the end of the second day of events, which consisted of a number of well-known developers in the Bitcoin ecosystem. During the panel discussion, the developers shared their thoughts on the current state of privacy in Bitcoin. Various participants on the panel pointed out the close relationship between privacy and scalability, the privacy issues with light wallets, and how the ecosystem is now on the cusp of a number of different privacy enhancements. Bitcoin Privacy Improves as the Technology Scales by Default The first panelist to comment on the topic of privacy in Bitcoin was applied cryptography consultant and sometimes Bitcoin Core contributor Peter Todd. For Todd, the main point he wanted to get across was that improved privacy is something that is inherently associated with better scalability of the system. “The whole reason why Bitcoin has such terrible privacy is everyone has everyone else’s transactions, and any scalability measure that makes Bitcoin scale better inevitably is going to make fewer people have fewer people’s data,” said Todd. Todd noted that people who use centralized off-chain services like Coinbase may have better privacy than those who are transacting on the public blockchain, depending on their threat model. For example, Coinbase knows everything that Coinbase users are doing, but North Korea knows nothing about these transactions because they’re processed on Coinbase’s internal servers. “As we go scale this tech up, if we do so successfully, we will get improved privacy no matter what we do,” added Todd, who pointed to the Lightning Network as a perfect example of this concept in practice. In terms of privacy-focused altcoins, such as Monero and Zcash, Todd claimed the scalability situation is actually worse. “Zcash and Monero both essentially have accumulators that mean that nodes need more data to go and process transactions,” explained Todd. “There are tradeoffs around this . . . but a lot of this tech isn’t there yet and it just makes things more complex.” Better Privacy Needs to Be Balanced with Usability When SatoshiLabs CTO Pavol Rusnak commented on Bitcoin privacy, he brought up the issue of usability in terms of future privacy improvements. In his view, there is a triangle of tradeoffs between privacy, security, and usability that must be understood. As a specific example, Rusnak pointed to MimbleWimble, which is a proposal for a much more private and scalable blockchain. Rusnak noted that while the proposal may improve the privacy situation, it also degrades usability by removing the ability to view one’s transaction history on the blockchain. “The question is: If there is a coin that has security and privacy but it loses usability because of its transaction history, will people be interested in using it?” asked Rusnak. “I think yes. But it’s still — we have a lot of people who are Trezor users and they really tend to look into their transaction history. They put labels everywhere.” Rusnak went on to add that there is no “silver bullet” that can be applied to every use case out there. The Privacy Problem for SPV Wallets As the microphone was handed over to Libbitcoin lead maintainer Eric Voskuil, he brought up the issue of wallets based on simplified payment verification (SPV). “I’d like to get client-server scenarios out of the P2P protocol,” said Voskuil. “I think it’s creeping in a bad direction.” In Voskuil’s view, shortcuts have been taken in order to implement more user-friendly bitcoin wallets. Some of these shortcuts have created new problems, and Voskuil specifically pointed to the issue of bloom filters, which are used in SPV wallets. “You can think of it as a DoS attack against nodes, it gives up privacy, there’s just nothing good about it,” said Voskuil. As Voskuil explained, those who use these bloom filters are giving some anonymous node on the network — which may actually be a node operated by a blockchain analytics company — an IP address to attach to a transaction. In Voskuil’s view, it would be better to simply connect to a server via the Tor network and publish a transaction there. That way, no one would know where it came from. Ciphrex CEO and Bitcoin Core contributor Eric Lombrozo agreed with Voskuil’s comments on bloom filters, and he indicated that the sync time associated with operating a full node is what pushes users to these less-secure, less-private wallets in the first place. “Right now, verification is not that cheap, and that’s a problem because then you basically end up outsourcing this to third parties, and that changes the entire security model of Bitcoin,” said Lombrozo. Lombrozo went on to refer to bloom filters as “a hack” that was never really fleshed out or well designed at all. “You don’t have to download entire blocks, but you do give up tremendous amounts of privacy,” Lombrozo added. In the past, Chaincode Labs’s Matt Corallo, who was a co-author of the Bitcoin Improvement Proposal (BIP) related to bloom filters, has said he regrets ever writing up the idea. Lombrozo also pointed to Lightning Network developers Olaoluwa Osuntokun and Alex Akselrod’s proposal for client-side filtering in light clients, which would improve the privacy issues related to the use of SPV. “It gives you better privacy,” explained Lombrozo. “You can actually download a filter associated with a block and on your node you can actually check whether that block might contain transactions you’re interested in before you download the entire block.” Lombrozo also brought up BIP 151, which was authored by Bitcoin Core contributor Jonas Schnelli. The point of this proposal is to encrypt the data being sent over the P2P protocol, which could offer an obvious privacy improvement for light clients in terms of making their network communications less public. Blockstream CEO Adam Back also agreed with the idea that bloom filters are not very good for user privacy. However, Back also clarified that most of the light wallets available today, even the ones on smartphones, are not pure SPV wallets. Instead, the user usually connects to a server provided by the wallet developer or points the wallet at the user’s own full node running at home (or some combination of the two). For this reason, Back wondered whether there is much of a need for SPV wallets in Bitcoin. “If you already have two crosschecks — a semi-trusted node and an option of your own node — then do we really need the SPV protocol?” asked Back. “Because you’re allowing yourself to be surrounded by people who are trying to spy on your privacy — the people doing the kind of Chainanalysis kinds of things are running lots of crawlers on the network and being SPV providers to many wallets.” On the Cusp of Improvements in Bitcoin Privacy The most privacy-focused individual on the panel may have been JoinMarket developer Adam Gibson. JoinMarket is the most widely-used implementation of CoinJoin, which is a way for users to mix their bitcoins with each other and obscure their transaction history. Gibson continued Todd’s point on the relationship between privacy and scalability by specifically talking about Blockstream Mathematician Andrew Poelstra’s concept of scriptless scripts. “The way I’d put it is it’s like taking the semantics of the transaction off chain, so you may still have a transaction but the meaning of it is obscured [and] it becomes a lot more private,” explained Gibson. “For example, you might do a coin swap where you and I swap the history of our coins, but we do it in such a way that it just looks like a totally ordinary transaction. In fact, it’s impossible to distinguish from an ordinary transaction.” According to Gibson, there are many other examples of ways in which data can be taken off of the base Bitcoin blockchain layer to improve privacy. Like Todd, Gibson pointed to the Lightning Network as another obvious example. Gibson also pointed out that he’s now more excited by the concept of Confidential Transactions due to a recent paper that describes a way to massively improve the efficiency of these types of transactions, which are meant to mask the amounts associated with transactions. The JoinMarket developer went on to describe a world where Confidential Transactions are combined with CoinJoin to mask the most important attributes of Bitcoin transactions. In fact, Gibson indicated that this sort of combination can be done in a manner that makes privacy-conscious transactions cheaper than traditional Bitcoin transactions. Gibson also pointed to Schnorr signatures and MAST as two other upcoming improvements that could have implications for user privacy, but he also indicated that there is not much users can do to improve their own privacy today — outside of using JoinMarket or practicing good Bitcoin privacy hygiene such as avoiding address reuse. This is all in addition to the previous privacy improvements for light clients described by Lombrozo. “There’s a lot of very close things at this point, which makes me a bit more positive than I might have been before,” concluded Gibson.

About Hivemapper?

The live price of Hivemapper (HONEY) today is 0.07366 USD, and with the current circulating supply of Hivemapper at 2,087,765,276.32 HONEY, its market capitalization stands at 153,784,087 USD. In the last 24 hours HONEY price has moved 0.000935 USD or 0.01% while 153,065 USD worth of HONEY has been traded on various exchanges. The current valuation of HONEY puts it at #281 in cryptocurrency rankings based on market capitalization.

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Hivemapper Price0.07366 USD
Market Rank#281
Market Cap153,784,087 USD
24h Volume248,947 USD
Circulating Supply2,087,765,276.32 HONEY
Max Supply10,000,000,000 HONEY
Yesterday's Market Cap152,265,376 USD
Yesterday's Open / Close0.071997 USD / 0.072932 USD
Yesterday's High / Low0.072934 USD / 0.071758 USD
Yesterday's Change
0.01% ( 0.000935 USD )
Yesterday's Volume153,064.56 USD
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