Unsung breakthrough

You've heard of PoW, but what about proofs of proofs of work?

⛓️ ⛓️ January 17, 2018 ⛓️ ⛓️  "There is no law of progress, and everything will depend on ourselves."  ― Karl Popper Got this from a friend? SUBSCRIBE HERE THE FEATURE The Sidechains Breakthrough Almost Everyone in Bitcoin Missed You've heard of proof of work, but what about proofs of proofs of work? A complex notion, the research on "Non-Interactive Proofs of Proofs of Work," or NiPoPoW, released in October, has received very little attention so far but is heralded as breaking through one of the major roadblocks that has stalled the widely anticipated sidechain technology. In the paper, researchers from IOHK, IC3 and the University of Athens describe a mechanism for proving that data exists in the bitcoin blockchain in a more efficient way. Though the idea can be useful in more than one context, it's perhaps most exciting in the way the researchers describe the proofs' benefits for sidechains, a technology that pegs other blockchains to bitcoin, which some, because of its obstacles, have called vaporware, but that others refer to as the "altcoin killer." Read the whole story Tweet Share Wait, there's more: As Bitcoin's Slide Continues, Prices Look Towards $8K Bitcoin is still dropping and might soon test near-$8,000 levels, chart analysis indicates. To Understand Bitcoin, I Studied Karl Marx While both were great minds, neither Marx nor Satoshi had the power to predict how their ideas would influence others or be implemented. Blockstream Launches Micropayments Processing System for Bitcoin Apps Bitcoin startup Blockstream has introduced a micropayment processing system that it claims makes it simpler to build bitcoin payment apps. Proposed US Task Force Would Tackle Crypto Use in Terrorism Financing A new bill introduced by a U.S. lawmaker calls for the formation of a task force to combat the use of cryptocurrencies in financing terrorism. Tokens Will Bring Conflicts of Interest to Healthcare ICOs and tokens may open up new modes of healthcare funding, but are there as many cons as pros? The Sidechains Breakthrough Almost Everyone in Bitcoin Missed Though it's garnered little attention, "non-interactive proofs of proofs of work" may clear a roadblock for sidechains, a potential "altcoin killer." A Note to CoinDesk Readers On Tuesday, we had technical difficulties that prevented us from posting for several hours. We apologize for any inconvenience this may have caused. Why This Startup Took Part of Its Venture Funding in XRP Announced Tuesday, the investment by Ripple executives in Omni feels ill-timed as the price of the coin has fallen more than 40 percent. BitConnect Shutters Crypto Exchange Site After Regulator Warnings The company behind the controversial cryptocurrency BitConnect has announced that it will close down its lending and exchange platform. Putin: Crypto Oversight Legislation Will Be Needed Russian president Vladimir Putin believes that legislation laying out rules for the country's cryptocurrency sector will be needed in the future. Most of the World's Biggest Cryptocurrencies Are Down Today It's been a day of major losses so far across the cryptocurrency markets, with the top 20 all in the red and a big chunk knocked off the total value. Metropolitan Bank Denies Policy Change on Crypto Wire Transfers Metropolitan Bank released a statement stating that it had a "long-standing policy" barring crypto-related wire transfers outside the U.S. Mark Cuban: Dallas Mavericks to Accept Bitcoin, Ether 'Next Season' The Dallas Mavericks will begin accepting cryptocurrency payments during their next season, according to owner and investor Mark Cuban. Ripple Price Drops to 2.5-Week Low, Eyes Sideways Trading Ripple's XRP token fell to a 2.5-week low today, and is looking at a more or less sideways movement in the short-term, chart analysis suggests. Go to CoinDesk BTC: $10,419.54 -8.18%  ETH: $884.73 -16.03% @8:14 EST - More price details 👋 CoinDesk is Hiring 👋 Come join our great team here in New York City! Copyright © 2018 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list