⚡ Introducing Ark Protocol ⚡
🔒 In an era of increasing threats to financial privacy for #Bitcoin transactions, a game-changing tool was introduced at the Bitcoin 2023 conference. It's called the Ark Protocol, developed by Burak.
💡 Inspired by Noah's Ark, the protocol serves as a lifeboat that provides refuge from predatory blockchain surveillance firms and custodians.
🌐 Ark is a Layer-2 scaling solution enabling cheap, anonymous, and off-chain Bitcoin transactions, while also maintaining a minimal on-chain footprint. This unique system safeguards user privacy while keeping transaction costs low.
🔀 One of the main issues Ark aims to resolve is the growing number of custodial users of Lightning, mainly due to its liquidity constraints. Ark, as an alternative Layer-2 protocol, offers solutions to these and other concerns.
🔐 Defined by Burak as trustless e-cash, Ark operates with a UTXO set (Unspent Transaction Output) that exists entirely off-chain. These UTXOs, termed as "virtual UTXOs" or "vTXOs," drive the core of Ark's anonymous off-chain payments and have a lifespan of four weeks.
💸 Payments in the Ark network take place within a CoinJoin round, obfuscating the connection between sender and receiver, and these transactions are settled every five seconds, drastically reducing the on-chain footprint.
🔄 Like any system, Ark has its trade-offs. It might not provide as instantaneous settlements as Lightning does, but it allows immediate access to funds without having to wait for confirmations.
⛓️ In summary, Ark is a unique Layer-2 scaling solution offering seamless transactions without imposing liquidity constraints or requiring a direct connection between sender and receiver.
💫 The road ahead for Ark might be long and challenging, but Burak remains optimistic about its potential to strike a balance between private Bitcoin transactions and scalability. Let's keep an eye on this exciting development! 🌱
#ArkProtocol #Bitcoin #Privacy #Blockchain #Crypto #Layer2 #Scalability
Source: https://bitcoinmagazine.com/technical/how-ark-plans-to-scale-private-bitcoin-payments
#Nerdminer Update ☑️
#Bitcoin 
No Country to stop #Inflation.
99% of #Companies cannot outrun inflation.
99% of #Workers cannot outrun Inflation.
1% can beat the #market by skill or luck.
Everyone can buy #Bitcoin .
#[6] 
🤡🤡🤡🤡 
Tether Energy Boosts Sustainable Bitcoin Mining with Major Investment in El #Salvador 🌱💰
#Tether Energy, a globally recognized firm in the energy sector, is ramping up its commitment to Bitcoin cryptocurrency through a substantial investment in Volcano Energy, a burgeoning company based in El Salvador 🌋🇸🇻.
Volcano Energy harnesses the geothermal power of volcanoes for sustainable Bitcoin mining. The company aims to mitigate the environmental impacts of energy-intensive cryptocurrency mining by tapping into this renewable energy resource 💡.
The #investment by Tether Energy in Volcano Energy not only signals a strong commitment to supporting Bitcoin infrastructure, but it also marks a significant step towards fostering economic growth in El Salvador. This comes at a pivotal time, with the country recently embracing #Bitcoin as legal tender 💵.
This investment underscores Tether Energy's drive to endorse innovative solutions that boost energy efficiency while simultaneously having positive social and #economic impacts 😊. It clearly indicates that the firm recognizes the crucial role sustainable practices can play in the future of Bitcoin #mining.
In the coming months, Volcano Energy, backed by Tether Energy's support, is anticipated to significantly ramp up its production capacity 📈. This will enable the company to mine more Bitcoin while still adhering to sustainability objectives 🌎.
The impact of this partnership on the Bitcoin mining industry and El Salvador's economy remains to be seen, but the prospects are promising 🚀.
Dont forget, #buy the dip.
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#SEC > #cRyPto
The SEC accuses Binance US of providing trading for securities including #BNB, #BUSD, #SOL, #ADA, #MATIC …
Dont forget #StackSats
#bitcoin 
#zapthon 
#bitcoin 
Banks < Bitcoin 
Jurrien Timmer, Director of Global Macro at Fidelity, has some bold predictions for Bitcoin! According to him, one Bitcoin might be equivalent to a whopping $1 billion by 2038! 🤑💰🚀
Timmer is using a combination of the stock-to-flow model and his own demand model, backed up by a 4-hour BTC/USD chart, to support his assertion. He cites Metcalfe's Law, which suggests that as the number of users in a network grows linearly, the network's value (or, in this case, the Bitcoin price) grows geometrically.📈🌐💹
In other words, Timmer believes that the utility value of Bitcoin will eventually outgrow its operational network. This network includes everyone from buyers and sellers to exchanges and ATMs, as well as retailers, leading organizations like the Dallas Mavericks and AT&T, insurers, banks, and a whole host of small businesses.🛍️🏦🏀📲
Here's where things get interesting: Timmer's demand model grows very slowly compared to the stock-to-flow combination supply model. According to his model, BTC will reach $1 million by 2030. But the stock-to-flow model forecasts a price between $1 million and $10 million by 2030.💸📊💲
But, wait, there's more! Timmer's model seems to represent the floor or the bottom of the price, while the stock-to-flow model appears to be a better predictor of the peak. However, the gap between both models widens significantly after 2030, largely due to changes in the value of the dollar.💵💱📉
Timmer highlights that the value of the dollar changes in relation to other assets. In fact, $1 invested in stocks in the 18th century would be worth about $4 billion today! So, $1 million today could potentially be worth $1 billion in 20 years.💰🕰️💡
Why? Well, changes in the dollar’s value, especially depreciation over several decades, mean the same amount has less purchasing power. For example, a few decades ago, $1 million could buy a lot of significant things, like high-end houses that cost between $20,000 and $50,000. Today, that same $1 million might not be enough for the same class of houses.🏠💔💲
Meanwhile, the number of billionaires is increasing worldwide. Some even believe that we might see the first trillionaire in our lifetime. The same applies to companies, with several now exceeding a $1 trillion market cap.💼🌐💵
Interestingly, Fidelity had previously predicted that BTC would hit $100 million by 2035, using the same stock-to-flow model. Timmer made these predictions as well. As untested and uncertain as these predictions are, Timmer is not alone in forecasting high for Bitcoin. Even Deutsche Bank predicts Bitcoin will dominate by 2030.🏦📈🔮
Now, let's talk about the market capitalization. The market cap of gold is currently around $12.889 trillion💰, the total market cap of cryptocurrencies is about $1.107 trillion💱, and the total market cap of stocks is approximately $88.233 trillion📊. The total amount of money in circulation globally is about $40 trillion, while money in the form of investments, derivatives, and cryptocurrencies exceeds $1.3 quadrillion💵💲🔝.
Please note, though, that these figures are just estimates and can change constantly, depending on factors like exchange rates, price changes,quote("Jurrien Timmer, Director of Global", "billion by 2038! 🤑💰🚀")
Quantum Computers (🌌💻):
Quantum computers are groundbreaking in the world of data processing, with the potential to perform complex calculations significantly faster than current computers. Thanks to their ability to leverage superposition and entanglement, they can facilitate an exponentially higher level of parallel processing. However, they're still in the development phase and do not pose an immediate threat at this time.
Bitcoin (₿):
Bitcoin, the world's first cryptocurrency, was introduced in 2009 and has since taken the financial world by storm. Bitcoin employs blockchain technology and cryptographic principles to facilitate secure, decentralized transactions. It has the potential to revolutionize our understanding and usage of money.
RSA Keys (🔑):
The RSA encryption, named after its creators Rivest, Shamir, and Adleman, is a widely-used cryptographic system. It's based on the principle that the product of two large prime numbers is very difficult to factorize, a feature critical to the security of RSA encryption. Bitcoin employs a similar encryption approach, called ECDSA, which also relies on the difficulty of factorizing large numbers.
Shor's Algorithm (🔄):
Shor's algorithm is a quantum algorithm with the potential to crack RSA encryption and other cryptographic systems reliant on the difficulty of factoring large numbers. With a sufficient number of quantum bits (qubits), a quantum computer could employ Shor's algorithm to break the encryption significantly faster than any conventional computer.
Bitcoin Transactions (🔁):
Bitcoin transactions are a complex process that uses "Locking Scripts" and "Unlocking Scripts" to ensure only the rightful owner of a Bitcoin unit can spend it. This process involves generating a digital signature that verifies the transfer of ownership.
Early Bitcoin Addresses (🏠🅰️):
Early Bitcoin addresses, known as "Pay-to-Public-Key" (P2PK) addresses, are potentially vulnerable to attacks by quantum computers. Since these addresses reveal the public key, quantum computers might be able to compute the corresponding private key, thereby gaining control over the Bitcoins.
New Bitcoin Addresses (🏠🅱️):
Newer Bitcoin addresses, known as "Pay-to-Public-Key-Hash" (P2PKH), provide an extra layer of security. Instead of revealing the public key, they only reveal the hash of the key, making it very difficult for quantum computers to compute the private key.
Security Measures (🔒🛡️):
Given the potential threat posed by quantum computers, it's crucial to take appropriate security measures. This includes avoiding P2PK addresses, using P2PKH or even safer forms of addresses like P2SH and Bech32, and avoiding the reuse of Bitcoin addresses. With these measures, Bitcoin users can keep their cryptocurrency assets secure even in a future world with quantum computers.