Advancing Bitcoin: New Strides in Interoperability, Payment, and Adoption
Your weekly scoop from the Bitcoin ecosystem. All things tech and innovation! #POW #UTXO #BTC
Highlights:
JoyID: the first BTC non-custodial passkey wallet
Bitcoin Inteoperability: CKB vs Cardano vs Fuel
Nakamoto upgrade boosts 5,000x security with block times in seconds
Set up a local BTC payment system in 3 days
Unveil the top hacking techniques of 2023
Crypto Insights
JoyID: The First Non-Custodial Passkey Wallet Supporting BTC
JoyID now supports BTC, making it the first non-custodial passkey wallet to do so.
CKB, Cardano, or Fuel, Which is the Best for Isomorphic Binding?
Cell Studio's RGB++ asset protocol introduces the concept of "isomorphic binding," potentially applicable to all UTXO-based chains. This article evaluates three UTXO projects: Nervos CKB (PoW UTXO), Cardano (PoS eUTXO) , and Fuel (OP Rollup UTXO), regarding their suitability for isomorphic binding. It suggests that while Cardano and Fuel can serve as the isomorphic binding public chain/layer for functionality expansion, there may be burdens in terms of smart contract languages and contract design details. CKB appears more suitable as a layer for expanding Bitcoin asset protocol with isomorphic binding.
How to Improve UTXO Management for Liquidity Providers
The proposal notes a current issue: wallets lack optimization for liquidity providers, such as Lightning nodes, which fund liquidity requests through liquidity ads. After proposing a solution, the author seeks further input in two areas: how to best reduce aggregate on-chain fees and how to enhance the ability to fund multiple simultaneous funding transactions.
Stacks Nakamoto Upgrade: Simultaneously Improving Block Speed and Security
Tycho Onnasch explains that in the Stacks Nakamoto upgrade, the security budget has been increased by 5,000x, with reduced blocktimes from 10 minutes to a few seconds.
Run Your Own Bitcoin Full Node: Two Fresh Guides
The MicroBolt Guide is derived from RaspiBolt and MiniBolt forks. Using only standard Alpine Linux commands, it's suitable for all types of computers.
The MobyBolt Guide builds upon RaspiBolt and MiniBolt by incorporating Docker. It allows applications to run in isolated containers with enhanced security, and makes application migration between different computers easier.
DIY Bitcoin Seed Phrases With Aluminum Sheets
This solution balances durability between fragile paper and heavy metal plates.
Source: bitcan.world
Watch All L2s in One Overview
Here to track all existing Bitcoin L2s: sidechains, rollups, state channels, even wrapped tokens on other blockchains.
A Better Diff Tool Than Git Diff
Difftastic Diff is more user-friendly than Git's built-in line-by-line diff. It's based on syntax analysis, making it more reasonable.
Top Reads on Blockchain and Beyond
How to Set up a BTC Payment System Within Three Days
This case study demonstrates how to onboard merchants and locals to adopt Bitcoin at an event. A BTC payment system was set up at the 2024 Bitcoin Atlantis conference in three days, facilitating over 8,750 BTC transactions across 60 sales points and 18 merchants, totaling 2.029416 BTC, valued at 115,100 euros.
Top 10 Blockchain Hacking Techniques of 2023
A panel at OpenZeppelin listed last year’s top 10 hacking techniques. They noted more creative approaches to exploiting smart contract vulnerabilities. Another aspect is combinability, where isolated smart contracts may no longer be secure when combined with other components. Additionally, infrastructure-level bugs shifted from nodes and precompiles to compilers and other critical components like MEV-boost.
Challenges in Mempool Incentive Compatibility
This article reflects on incentive compatibility, stemming from challenges faced during the development of a cluster mempool project. It explores how to arrange transactions in the mempool to fill all available blocks and maximize the (cumulative) fee collection with each block mine, as well as some other related challenges. The author concludes that researching whether there are incentive compatible behaviors lacking DoS resistance when deployed network-wide would be valuable. If found, such behaviors might encourage users to connect directly to miners, benefiting them but potentially harming network mining.
Dragonfly 2023 Crypto Compensation Report
The report, sourced from 49 crypto firms, reveals:
US-based companies offer higher compensation than international-based ones: salaries are approximately 13% higher, while equity and tokens packages about 30% higher.
US founders at Seed and Series A rounds receive slightly higher salaries and significantly more equity/token ownership.
Most companies pay in fiat; international companies lead in cryptocurrency payments.
International companies are more likely to adopt tokens.
Infrastructure companies lead in token adoption.