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Mark “Murch” Erhardt and Mike Schmidt are joined by Matt Morehouse, Johan Halseth, Pieter Wuille, Sergi Delgado, Bastien Teinturier, Oleksandr Kurbatov, Antoine Poinsot and Bob McElrath to discuss Newsletter #340.News● Channel force closure vulnerability in LDK (2:14) ● Zero-knowledge gossip for LN channel announcements (16:01) ● Discovery of previous research for finding optimal cluster linearization (26:29) ● Erlay update (46:38) ● Tradeoffs in LN ephemeral anchor scripts (1:09:50) ● Emulating OP_RAND (1:30:30) ● Discussion about lowering the minimum transaction relay feerate (1:36:33) Changing consensus● Updates to cleanup soft fork proposal (1:43:46) ● Request for a covenant design supporting Braidpool (2:28:59) ● Deterministic transaction selection from a committed mempool (2:04:52) ● Fast difficulty adjustment algorithm for a DAG blockchain (2:19:24) Releases and release candidates● BDK Wallet 1.1.0 (2:39:15) ● LND v0.18.5-beta.rc1 (2:39:43) Notable code and documentation changes● Bitcoin Core #21590 (38:58) ● Eclair #2983 (1:23:30) ● Eclair #2968 (1:27:53) ● LDK #3556 (2:40:31) ● LND #9456 (2:41:10)
Siamo reduci dalla super conferenza PlanB Forum di Lugano dove siamo stati gli anfitrioni del Palco 21, uno spazio divulgativo aperto alla cittadinanza e completamente gratuito.In questa puntata, registrata il giorno seguente alla conclusione della kermesse luganese, ripercorriamo insieme a voi i due giorni di divulgazione e i tanti spunti emersi durante l'evento.Inoltre approfondiamo la proposta di sviluppo Erlay, prossima ad essere introdotta e vi raccontiamo una chicca di archeologia informatica tornata alla luce recentemente.It's showtime!
Deze week niet vanaf BTC Amsterdam, maar weer vanuit onze vertrouwde zolderkamers. Dat maakt het niet minder leuk, want er is voldoende te bespreken. Om te beginnen blikken we terug op de conferentie en kijken we wat er beter kan. Daarna is het tijd voor een uitgebreide marktupdate van Bert, want die hebben we twee weken moeten missen. Daarna geeft Peter een introductie van Erlay, praat Bart je bij over de rechtszaak tussen Bunq en DNB en laten we samen ons licht schijnen over de censuur van MEV relays. Een dikke aflevering dus, veel plezier! Satoshi Radio wordt mede mogelijk gemaakt door: Anycoin Direct, Bitvavo, Watson Law, Litebit, Coinmerce, BLOX en BTC Direct (00:00:00) - Opening (00:04:00) - Terugblik Bitcoin Amsterdam (00:14:00) - Verbeterpunten Bitcoin Amsterdam (00:30:30) - We gaan een lightning biertap maken (00:40:00) - Marktupdate (01:27:00) - Even bellen met: Christiaan Jimmink van Coinmerce (01:40:45) - Erlay: een nieuwe manier om transacties door te geven in het netwerk (01:57:29) - Bunq vs. DNB: rechter geeft DNB weer een tik op de vingers (02:17:00) - Steeds meer vragen rondom MEV-Relay censorship op Ethereum (02:44:00) - Einde
► NEWS: Today we have a banger! We cover the potential protocol upgrade - Erlay; Why the Lummis-Gillibrand bill will not pass; and a strong bullish bitcoin signal with @beautyon_ on bitcoin adoption ... ► CULTURE: ... and we morph the culture around Beautyon's articles, "Bitcoin is and thats Enough.", "Why the Bitcoin Price Doesn't Matter", and why bitcoiners should be more vocal about Ethical bitcoin wallets. Enjoy :) ✔ Simply Bitcoin in Written Form: http://simplybitcoin.news/ ✔ Check out our Sponsors, support Bitcoin ONLY Businesses: ✔ Crypto Cloaks: ► http://www.cryptocloaks.com ► For all of your 3D printed needs: Bitcoin Node Cases, Lightning Network Code Cases, BTC keychains, coasters, 3D Printed Honey Badgers, wallet mounts and a whole lot more ! ► USE PROMO CODE 'SIMPLYBITCOIN' FOR 5% OFF THE CRYPTOCLOAKS.COM STORE! ✔ Citadel21: ► https://www.citadel21.com ► A Bitcoin cultural zine. Bitcoin culture is rich and varied. It contains a multitude of voices, opinions and flavors. Only 1000 of each volume are made. ✔ Swan: ► https://www.swanbitcoin.com ► Swan is the best way to build your Bitcoin stack, with automated Bitcoin savings plans and instant purchases. Serving clients of any size, from $10 to $10M+ ✔ CypherSafe: ► https://cyphersafe.io ► When you've decided to be your own bank and hold your bitcoin yourself, it's time to create a physical backup to protect those keys and your bitcoin. CypherSafe offers a full line of physical stainless steel products to help you protect your bitcoin from various modes of failure. ✔ Represent Clothing: ► https://www.representltd.com ► Check out Represent LTD's full clothing line including collabs, originals & collections. Super comfortable, great fit and Style, there is something for everyone: hoodies, tees, tanks, jackets and more! It's your life...represent accordingly. ✔ Bitbox-02 Bitcoin-Only Edition ► https://www.shiftcrypto.ch/simplybitcoin ► Self custody is the revolution and the BitBox 02 Bitcoin-only edition is secure, open-source, and so easy to setup anyone can use it. Do not keep your bitcoin on an exchange order a BitBox today. Use ‘SIMPLYBITCOIN' for 5% discount. ► USE PROMO CODE SIMPLY-BITCOIN FOR 10% OFF ANYTHING IN THE REPRESENT CLOTHING STORE! ✔ NODL : ► https://www.nodl.eu ► Running Bitcoin, just like in Hal Finney's legendary tweet. Use all the Lightning features thanks to your always on device. Easy to Use, Everyone can run a NODL. Privacy focused. ✔ Join our Telegram, Give us Memes to Review! ► https://t.me/TheSimplyBitcoinChannel ✔ Follow Us! ► https://twitter.com/SimplyBitcoinTV ► https://twitter.com/BITVOLT7 ► https://twitter.com/@My_Livin_Truth ► We are a proud supporter of Bitcoin only businesses. ⚡️ simplybitcoin@getalby.com DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors.
P2P experts Pieter and Amiti chat about the P2P network. In this episode they cover: - AddrRelay high-level goals and constraints (1:15) - Very different than the goals of blocks and transactions - Marginal fee rate (4:35) - Should we consider different transport layers? (5:40) - FIBRE Episode with Matt Corallo (7:40) - The introduction of Addrman in 2012, PR #787 (8:55) - What existed before AddrMan and the evolution of DoS resistance. - Eclipse Attack paper (14:55) - Sybil attack - Addrman and eclipse attacks wiki page - Anchors connections - PR #17428 - Connection exhaustion issue (19:50) - Erlay (paper, BIP) (20:55) - AddrRelay (23:15) - Limiting addr black holes - PR #21528 - Rate limiting on address gossip in 22.0 - Leaky bucket rate limiter (27:00) - Address Spam (29:20) - Estimating the Node Degree of Public Peers and Detecting Sybil Peers Based on Address Messages in the Bitcoin P2P Network by Matthias Grundmann (31:35) - Coinscope paper (31:45) - TxProbe (32:00) - Separate network stack (37:20) - Fingerprint attacks (37:15) - ASMAP (39:00) Thanks to Caralie for the sound engineering.
In this episode of The Van Wirdum Sjorsnado, hosts Aaron van Wirdum and Sjors Provoost discuss the Erlay protocol. Erlay is a proposal to reduce the bandwidth required to run a Bitcoin node, which has been proposed and developed by University of British Columbia researchers Gleb Naumenko, Alexandra Fedorova and Ivan Beschastnikh; Blockstream engineer Pieter Wuille; and independent Bitcoin Core contributor Gregory Maxwell. Bitcoin nodes use bandwidth to receive and transmit both block data as well as transaction data. Reducing the amount of bandwidth a node requires to do this, would make it cheaper to run a node. Alternatively, it allows nodes to connect to more peers without increasing its bandwidth usage. In the episode, Aaron and Sjors explain that Erlay uses set reconciliation to reduce the amount of data nodes need to share transactions. More specifically, Erlay uses a mathematical trick called Minisketch. This solution is based on pre-existing mathematical formulas used in biometrics technology. Aaron and Sjors outline how this trick is applied in the context of Bitcoin to let different nodes sync their mempools: the sets of transactions they've received in anticipation of a new block, or, in the case of a miner, to include in a new block.
In todays episode i speak to Danny Scott the CEO of UK Bitcoin Exchange CoinCorner. We discus the early days, setting up multiple bitcoin businesses and the trials and tribulations along the way. We discussed banking issues, regulation stifling innovation, mining bitcoin, Dannys contributions to Bitcoin core and much more. People and projects mentioned during the show. Gleb Naumenko for his work on Erlay which reduces the bandwidth used to announce transactions by 84% immediately and allows the Bitcoin network to achieve higher connectivity for better security. @tlvshop The first 100% pure Lightning shop https://tlvshop.com @maxKeiser who along with stacey Herbert helped me further my understanding of bitcoin and the systems it will replace. Jimmy song for his help breaking the technical details that people like me don’t have the brain power to understand and Danny doesn’t always have time to dig into. Thank you Danny for coming on the show and also for sending me some new socks from @MtSocks I will wear with pride. If you don’t already follow Danny then do it now. Twitter - @CoinCornerDanny Website - coincorner.com As always please feel free to reach out and ask me any questions. Website -https://www.bit-buy-bit.com Twitter -https://twitter.com/Maxbuybit Email -bit-buy-bitpodcast@protonmail.com Today you can exchange $1 for 10491 sats! coinfloor.co.uk/BITBUYBIT Thank you Coinfloor for sponsoring the show. If you haven’t signed up already then click the link below for the best way to buy Bitcoin. coinfloor.co.uk/BITBUYBIT
Gleb Naumenko of Chaincode Labs joins me in this episode to talk about erlay. We talk about: How he got into bitcoin development Transaction relay in Bitcoin Attacks at the network level Erlay Costs and Benefits Bitcoin and lightning development more broadly Gleb Naumenko: Twitter: @tomatodread Github account: https://github.com/naumenkogs BIP330: https://github.com/bitcoin/bips/blob/master/bip-0330.mediawiki Erlay Paper: https://arxiv.org/pdf/1905.10518.pdf Sponsor links: Kraken Unchained Capital SwanBitcoin Stephan Livera links: Show notes and website Follow me on twitter @stephanlivera Subscribe to the podcast Patreon @stephanlivera
In this episode I spend some time with Ivan Beschastnikh, Associate Professor of Computer Science at UBC. Ivan is co Author of Erlay a proposed Bandwidth Efficient Transaction Relay for Bitcoin, and Biscotti a distributed machine learning system. To access comprehensive show notes, complete guest bios and links mentioned in the episode take a look below or go to advancetechmedia.org and click episode title.
On Todays Episode of Let's Talk Bitcoin... Join Andreas M. Antonopoulos, Adam B. Levine, Stephanie Murphy & Jonathan Mohan for an early look at the newly proposed "Erlay" and "Dandelion" transaction relay protocols. Later, Adam and HRF.org's Alex Gladstein sit down with Hong Kong Bitcoin Users Christina and Leo, in the third of our interview series focused on international perspectives. --- Bitcoin Optech Newsletter #49 Bitcoin Hong Kong Meetup Group --- Support the Show! Sponsored by: www.edge.app Tip LTB: 1FZGD64BA7B9GdwDhGGGF92amt9X6VH38K or Via the Lightning Network at https://tipltb.tokenly.com/ --- Image Credit: Wikipedia's Hong Kong entry Thanks for listening to this episode of Let's Talk Bitcoin, content for today's show was provided by Stephanie, Adam, Jonathan, Andreas, Alex, Christina, and Leo. This episode was edited by Steven and Adam. This episode featured music by Jared Rubens and General Fuzz. Send questions or comments to adam@letstalkbitcoin.com
With help from the Bitcoin Optech newsletter we cover details and implications of the newly proposed Erlay protocol for spreading transactions quickly and efficiently across the network. An 84% reduction in bandwidth for getting transactions to every node, is certainly nothing to scoff at. With effects on network efficiency and privacy, let's talk Erlay, Dandelion, & BitcoinOps! Don't forget to check out and follow the completely free BitcoinOptech Newsletter to stay up on all the new developments in Bitcoin and lightning: https://bitcoinops.org/en/newsletters/2019/06/05/ A link to the official Erlay research paper with tons more data and analysis for a deep dive into this P2P improvement: https://arxiv.org/pdf/1905.10518.pdf --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
With help from the Bitcoin Optech newsletter we cover details and implications of the newly proposed Erlay protocol for spreading transactions quickly and efficiently across the network. An 84% reduction in bandwidth for getting transactions to every node, is certainly nothing to scoff at. With effects on network efficiency and privacy, let's talk Erlay, Dandelion, & BitcoinOps! Don't forget to check out and follow the completely free BitcoinOptech Newsletter to stay up on all the new developments in Bitcoin and lightning: https://bitcoinops.org/en/newsletters/2019/06/05/ A link to the official Erlay research paper with tons more data and analysis for a deep dive into this P2P improvement: https://arxiv.org/pdf/1905.10518.pdf --- Send in a voice message: https://anchor.fm/thecryptoconomy/message
This week Marty and Matt discuss: - Wasabi update: https://wasabiwallet.io/ - Erlay proposal, https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-May/016994.html - New bitcoin ATH in Argentinian peso - 4.1 billion people living under authoritarian regimes according to Oslo Freedom Forum - Proposed FATF regulations - https://tftc.io/martys-bent/issue-492/ - defendcrypto.org - Facebook - Bitrefill + ACINQ 1 BTC channel - https://tftc.io/martys-bent/issue-494/ - Trade Wars - Taxi medallions Shoutout to the MIB Chad Index Funds Shoutout to this week's sponsors: Cash App. Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today. Unchained Capital. Head over to www.unchained-capital.com/vaults and checkout their 2-of-3 multisig vaults. You get 3-months free of Saifedean Ammous' The Bitcoin Standard Research Bulletin when you sign up.