Cryptography - BitByte

Seed Phrases Concealed as Colors: A Novel Approach to Enhancing Security

According to an anonymous developer known as Entero Positivo, Bitcoin and crypto seed phrases can now easily be hidden in plain sight using colors. In an interview with Cointelegraph, Positivo explained that conventional methods of storing seed phrases are too obvious, prompting him to devise a way to potentially change...

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Bitcoin Is Still Magic Internet Money

Some in the community think Bitcoin has evolved from its original reputation as Magic Internet Money. We took a closer look and found why this isn't the case.

Bitcoin LightningBlockchain Cryptography

An Introduction to the Lightning Network's Sphinx Protocol: Privacy, Security, and Speed

The Lightning Network has quickly become one of the most critical developments in the world of digital currencies. As a second-layer solution to the Bitcoin blockchain, it addresses many of the scalability issues that have plagued Base-layer Bitcoin. One of the key innovations of the Lightning Network is the Sphinx...

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The Road to Decentralization: How Bitcoin Challenges Traditional Banking Systems

Decentralization has long been a dream for those who believe in the power of technology to bring financial freedom and self-sovereignty to individuals around the world. With the introduction of Bitcoin in 2009, that dream started to become a reality. As the world's first decentralized digital currency, Bitcoin has presented...

TLDRBlockchain Cryptography

TLDR: Summarizing Adam Back's Hashcash Whitepaper

In 1997, Adam Back proposed an innovative solution to email spam and denial-of-service (DoS) attacks in his whitepaper titled "Hashcash - A Denial of Service Counter-Measure." Hashcash introduced a proof-of-work (PoW) algorithm that later inspired the PoW system used in Bitcoin. Today's BitByte article summarizes the key ideas and contributions...