How Bitcoin Tech Could Make Infamous Anonymous Tor Network More Powerful
A new altcoin called torcoin is gaining interest for its potential to solve a problem that is central to the Tor network, a popular system for masking data and communication on the Internet. The relationship between Tor and the technology underlying digital currencies is deep. Many bitcoin-powered online black markets, including the infamous Silk Road, use Tor to protect their services from infiltration, while major bitcoin projects like bitcoinj use Tor to facilitate connections. The central function of the Tor protocol is to provide users with a greater degree of anonymity online than is....
Related News
A new Anonymous video surfaced and it points its finger at the infamous Do Kwon. The Terra/ UST/ LUNA collapse is the gift that keeps on giving, the story just refuses to die. And, as it usually happens with everything Terra-related, things might not be as it seems. Anyone can be Anonymous, it’s a decentralized […]
Anonymous Tor-enabled Bitcoin nodes normally make up as much as 25% of totally reachable Bitcoin nodes. According to the latest data from node monitoring resource Bitnodes, Tor-enabled Bitcoin (BTC) nodes are back to normal following almost a full-swing crash in early January 2021. As of Jan. 13, the number of reachable Tor-based BTC nodes amounted to 2,581, up from as few as 122 nodes on Jan. 9.Based on Bitnodes data, Tor-enabled Bitcoin nodes make up a significant part of the Bitcoin network, normally accounting for about 25% of totally reachable running nodes. According to the latest....
Spondoolies-Tech has been moving very steadily in the Bitcoin mining manufacturer race. CEO Guy Corem has built a top notch team and guided them to the goal of being the best manufacturer making Bitcoin ASIC miners. The introduction of the SP20 Jackson is a welcome change to their line up. The SP20 is a small bread box sized unit that can push out 1.7 th/s of hashing power. The previous miners from Spondoolies, the SP10 and the SP30, were larger and much louder miners. While powerful, they the noise levels made them a bit too much for in the home use. The SP20 Jackson is much less noisy....
Amy Webb, a quantitative futurist, thinks Big Tech is only going to get bigger and more powerful.
Is the bitcoin network the most powerful distributed computing system -- hence, the most powerful computer, period -- on Earth? Maybe, although the designation comes marked with a few asterisks. According to Bitcoin Charts, which tracks activity on the distributed global network of bitcoin mining computers, the network has achieved a hashrate (the rate at which new blocks of bitcoins are mined) of 1039.79 petaflops, or more than 1 exaflops. As The Genesis Block points out, that's more than eight times the performance level of the world's 500 most powerful supercomputers. (A few notes on....