What is KYC or Identity Verification, and how is it Increasingly Important for Crypto? September 24, 2023 – Posted in: Business, Advertising – Tags: ,

Cryptocurrency exchange Binance acquires rival exchange FTX. We receive updated cryptocurrency prices directly from many exchanges based on their pairs. 1843: a configuration option intended only for testing (–noencryptwallet) has been renamed to –noseedbackup, been marked as deprecated, and had its help text updated and changed to mostly uppercase warning text. 10, Jonas Schnelli has proposed an updated draft of BIP151 encryption for the peer-to-peer network protocol. This week’s newsletter references a discussion about BIP151 encryption for the peer-to-peer network protocol, provides an update on compatibility between Bitcoin and the W3C Web Payments draft specification, and briefly describes some notable merges in popular Bitcoin infrastructure projects. These posts may be interesting reads for anyone wondering why certain cryptographic choices were made in the protocol, such as the use of the NewHope quantum-computing resistant key exchange. No changes are required to the consensus rules, the P2P protocol, address formats, or any other shared resource. Notable code changes this week in Bitcoin Core, LND, C-lightning, and libsecp256k1.

The announcement will include a copy of the release notes detailing major changes to the software since the 0.16.0 release. The verifier’s software then validates this information the same way it would to determine whether a spending transaction was valid. Doing so provides a number of benefits including easier code maintenance, better opportunities for testing individual components, and potentially more secure software if the wallet component is moved to its own process. ● C-Lightning 0.6.1 released: this minor update brings several improvements, including “fewer stuck payments, better routing, fewer spurious closes, and several annoying bugs fixed.” The release announcement contains details and links to downloads. This week’s newsletter includes action items related to the security release of Bitcoin Core 0.16.3 and Bitcoin Core 0.17RC4, the newly-proposed BIP322, and Optech’s upcoming Paris workshop; a link to the C-Lightning 0.6.1 release, more information about BIP322, and some details about the Bustapay proposal; plus brief descriptions of notable merges in popular Bitcoin infrastructure projects. 8, Bustapay provides improved privacy for both spenders and receivers-and also allows receivers to accept payments without increasing the number of their spendable outputs, a form of automatic UTXO consolidation. This caused the vulnerable nodes to attempt to re-add the duplicate input to the UTXO database twice, triggering an assert and causing them to shutdown.

2063: new functions for creating sweep transactions have been added, replacing functions from the UTXO Nursery that is “dedicated to incubating time-locked outputs.” These new functions accept a list of outputs, generate a transaction for them with an appropriate fee that pays back into the same wallet (not a reused address), and signs the transaction. 354: allows callers of the ECDH functions to use a custom hash function. 12775 adds support for RapidCheck (a QuickCheck reimplementation) to Bitcoin Core, providing a property-based testing suite that generates its own tests based on what programmers tell it are the properties of a function (e.g. what it accepts as input and returns as output). 2033: provides a new listforwards RPC that lists forwarded payments (payments made in payment channels passing through your node), including providing information about the amount of fees you earned from being part of the forwarding path. 1987: the NewWitnessAddress RPC has been removed and the NewAddress RPC now only supports generating addresses for P2SH-wrapped P2WKH and native P2WPKH. ● Review proposed BIP322 for generic message signing: this recently-proposed BIP will allow users to create signed messages for all currently-used types of Bitcoin addresses, including P2PKH, P2SH, P2SH-wrapped segwit, P2WPKH, and P2WSH.

However, 바이낸스 가입 [read this blog article from beautyconceptasia.com] there’s no standardized way for users to do the same using a P2SH address or any of the different types of segwit addresses (although there are some implemented non-standard methods with limited functionality). The Bitcoin consensus protocol doesn’t use ECDH, but it is used elsewhere with the same curve parameters as Bitcoin in schemes described in BIPs 47, 75, and 151 (old draft); Lightning BOLTs 4 and 8; and variously elsewhere such as Bitmessage, ElementsProject side chains using confidential transactions and assets, and some Ethereum smart contracts. The growing number of non-fungible tokens (NFTs) is also a result of the Ethereum network. For instance, the Ethereum network randomly chooses one validator from all users with ether staked to validate blocks, which are then confirmed by the network. Developers are worried that ordinary users are enabling this option without realizing that it puts them only one failure away from permanently losing money.