Meet Alice & Bob: The Foundation of Bitcoin’s Cryptography
In the Bitcoin network, there is a consensus of cipher-based agreements between all the actors involved. The consensus is that two people or more are highly involved in the process of the currency’s encryption and transaction verification. The blockchain doesn’t run on its own. It requires a user base and network to continue its life. Two important....
Related News
The price of My Neighbor Alice (ALICE) could be set for a major bounce against Tether (USDT) and to hit $5. Related Reading: Ethereum Investors Close 300k Long Positions on Bitfinex, Rally To Stop Soon? Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like My Neighbor Alice bouncing off from their weekly lows. (Data feeds from Binance) Price Analysis Of ALICE On The Weekly Chart From the chart, the price of ALICE saw a weekly low of around $1.9, which bounced from that area and continued in a range of $1.9 -$3. The price has....
It is well-known that Bitcoin’s upcoming lightning network promises instant confirmations and low fees. What is not as well-known is that this highly anticipated scaling layer is actually not limited to Bitcoin. The very same peer-to-peer protocol can potentially be extended to, and made interoperable with, many altcoins. This could allow for trustless altcoin payment processors, decentralized altcoin exchanges and perhaps even cheaper bitcoin-to-bitcoin payments and more. Atomic Swaps. Interoperability between Bitcoin and altcoins is not new. So-called atomic swaps(or atomic cross-chain....
Bitcoin is entering the mainstream through art, apparently. An anonymous purchaser recently spent $131,250 in fiat dollars to purchase “Block 21,” a piece of art created by Ben Gentill of Robert Alice. Robert Alice is a London-based art project focused on promoting blockchain. The piece, which involves a physical slab and a digital token (non-fungible), […]
Art historian-turned-blockchain artist Robert Alice believes that the Bitcoin codebase is a culturally and politically significant piece of 21 century history. Christie’s is set to sell its first nonfungible token in an upcoming auction of what has been characterized as “the largest artwork” in the history of Bitcoin (BTC).Art historian turned blockchain artist Robert Alice has created "Portrait of a Mind" — a monumental series of 40 paintings stretching over 50 meters in length. Drawing on the history of 20th century conceptualism as well as the founding myth of Bitcoin’s creation,....
The thing that had me most excited about Bitcoin back in 2013 was its potential to re-align the incentives in academia and re-define how science and research is conducted. At the time, I was spending my days training rats in Skinner boxes to hunt crickets, listening to every possible Bitcoin explainer I could get my hands on. It took a good two years, and now the problem set is much clearer. This post is a think-piece on how academia might be improved with blockchain technology. In what follows, I’ll discuss the problems that perturbed me the most and highlight potential solutions. Taught....