Search result of BITS

The Orchid protocol is a decentralized marketplace for internet bandwidth. It allows users to pay for bandwidth in bits, granting them access to its secure virtual private network (VPN).

Vitalik Buterin provides a detailed introduction to Binius, a highly efficient proof system based on binary fields. The article first reviews the concepts of finite fields and arithmetization, explaining how SNARK and STARK proof systems work by converting program statements into polynomial equations. Vitalik points out that although Plonky2 has proven that using smaller 64-bit and 31-bit fields can significantly improve the efficiency of proof generation, Binius further enhances efficiency by operating directly on zeros and ones, taking advantage of the features of binary fields. Binius uses multivariate polynomials to represent computational traces and employs a series of mathematical tricks, including the concept of hypercubes and Reed-Solomon encoding, to construct proofs. Vitalik believes that the direct computational ability of binary fields and operations on bits are key to Binius's efficiency.

The Bitcoin bull market introduces new narratives and record-high prices. Beyond ETFs and halvings, the Bitcoin ecosystem revolution is rapidly progressing. Technological advancements expand Bitcoin's application scenarios, like the Ordinals protocol and the Rare Sats market. UTXO is the fundamental unit of Bitcoin transactions, with each UTXO being indivisible. Digital Matter Theory proposes a framework for deriving non-arbitrary value from Bitcoin blocks. DMT presents a new digital asset framework, opening new frontiers for blockchain. Bits are the underlying elements of the Bitcoin ecosystem, driven by the innovation and evolution of Bitcoin native asset issuance.

In this post, we'll cover what a wallet is, how wallets are made, and how they use elliptic curve cryptography to generate and secure private-public key pairs, derive seed phrases, and facilitate secure blockchain interactions.

Quantum computing is an emerging technology that makes use of the laws of quantum mechanics to solve complex problems too advanced for classical computers.

Discover the role of Bloom Filters in enhancing blockchain's efficiency and privacy, and explore their wide-ranging applications beyond blockchain.

The article analyzes how OpenSea rose in the NFT market by focusing on its core business and streamlining operations, as well as its ups and downs amid market competition. With the rise of competitors like Blur, OpenSea's market share has been significantly eroded. Its decision to issue a token is seen as an attempt to save itself and reclaim its market position.

This article provides an in-depth analysis of two potential vulnerabilities in Zero-Knowledge Proof (ZKP) systems: the "Load8 Data Injection Attack" and the "Forgery Return Attack." The article details the technical specifics of these vulnerabilities, how they can be exploited, and the methods for fixing them. Additionally, it discusses the lessons learned from discovering these vulnerabilities during the auditing and formal verification processes of ZK systems and suggests best practices for ensuring the security of ZK systems.

This article provides a detailed introduction to the "mining" process in blockchain. By drawing an analogy with traditional mining activities, it explains the basic concept of digital mining, which involves using computational resources to solve mathematical problems for transaction validation and new currency issuance.

Cryptography is the cornerstone of blockchain security. A large number of cryptographic algorithms are used in the entire blockchain system. Among them, symmetric key cryptography is a basic cryptography algorithm in modern cryptography.

The full impact of quantum computing on cryptocurrency is a huge concern for the industry. Once quantum computing is fully developed, it could crack the cryptography behind digital currencies in minutes. If you own crypto, continue reading to learn about the threat of cryptocurrency vs. quantum computing, the future of cryptocurrency and quantum computing, and what you can do to protect yourself.

With breakthroughs in quantum computing, the security of cryptocurrencies is facing unprecedented challenges. Google's newly launched Willow quantum chip demonstrates quantum computing’s powerful potential. Many experts warn that it could shake the foundations of current encryption technologies and even threaten the survival of major cryptocurrencies like Bitcoin. This article will explore the development of quantum computing, its potential impact on cryptocurrencies, and how the market might respond to this technological revolution.

Understanding an essential encryption program for the modern age

Get an in-depth understanding of the Layer 2 expansion plan in the Bitcoin network, especially the validity proof and fraud proof technology. This article analyzes how to achieve Layer 2 expansion through technological innovation under the strict restrictions of Bitcoin, including Bit Commitment, Taproot, and Connector Output. and contracts, etc.

How do you select the best crypto ETF? This article examines key factors such as minimum investment requirements, expense ratios, liquidity, and asset performance to provide a comprehensive evaluation of crypto ETFs.