https://wiki.binni.org/ 2026-08-09T17:32:54+0000 https://wiki.binni.org/ https://wiki.binni.org/lib/tpl/bootstrap3/images/favicon.ico text/html 2020-06-09T13:58:38+0000 Anonymous (anonymous@undisclosed.example.com) https://wiki.binni.org/compsci:cryptocurrency:btc:bips?rev=1591711118&do=diff Important BIPs Here are some BIPs (Bitcoin Improvement Proposal) that may be worth reading. BIP-141 Introduces segregated witnesses (SegWit) for the first time. text/html 2020-06-11T16:56:24+0000 Anonymous (anonymous@undisclosed.example.com) https://wiki.binni.org/compsci:cryptocurrency:btc:colored?rev=1591894584&do=diff Colored Coins [Whitepaper on the concept of Colored Coins ] [Overview of Colored Coins] Colored coins are a loose term for methods to represent assets other than currency on the Bitcoin blockchain. For example, they might be used to represent stock shares, votes, collectables, access tokens or smart property. Introduction text/html 2020-06-05T16:21:39+0000 Anonymous (anonymous@undisclosed.example.com) https://wiki.binni.org/compsci:cryptocurrency:btc:lightning?rev=1591374099&do=diff The Lightning Network Documentation The Bitcoin blockchain cannot by itself handle the transaction volume of the whole world. This is because every peer on the Bitcoin network has to be notified of any transaction made and all transactions must be placed in blocks. The Bitcoin network regulates it's difficulty so that a new block is only found every 10 minutes, and each block has a size limit of a few megabytes (originally 1 text/html 2020-06-05T14:01:49+0000 Anonymous (anonymous@undisclosed.example.com) https://wiki.binni.org/compsci:cryptocurrency:btc:mining?rev=1591365709&do=diff Mining and Consensus What prevents anyone from creating a fake transaction that sends a high amount to himself? Or submitting a block with a higher block reward than normal? To make Bitcoin a fully distributed and trustless platform, all clients have to agree on a set of consensus rules. To have transactions and new blocks propagated on the network, they must conform to these rules. If a peer receives something that violates the rules, it will reject it and won't forward it to other peers. text/html 2020-06-04T12:22:25+0000 Anonymous (anonymous@undisclosed.example.com) https://wiki.binni.org/compsci:cryptocurrency:btc:network?rev=1591273345&do=diff The Bitcoin Network Bitcoin uses a P2P (peer to peer) protocol to transmit data between wallets. This means that the wallets don't talk to a server, instead the wallets talk to each other. When a wallet connects to the network, it will connect to several other wallets. The wallet can then ask the others for the blocks it is missing, or have transactions propagated through the network. text/html 2020-06-08T15:22:06+0000 Anonymous (anonymous@undisclosed.example.com) https://wiki.binni.org/compsci:cryptocurrency:btc:payments?rev=1591629726&do=diff Payment Channels Payment channels are a way to escrow funds between two users. Multisignatures Let's review how transactions with multisignatures work. Locktime Contracts Hash Time Lock Contracts (HTLC) text/html 2020-06-03T22:43:04+0000 Anonymous (anonymous@undisclosed.example.com) https://wiki.binni.org/compsci:cryptocurrency:btc:pubkey?rev=1591224184&do=diff Public-key cryptography Bitcoin would not work if it weren't for the cryptographic algorithms it uses. The main cryptographic components used in Bitcoin are keys, addresses and signatures. A bitcoin address is similar to a bank account number for conventional currencies. It might look something like this$p$$0$$2^256$$a$$b$$$y^2 = x^3 + ax + b$$$P_1$$P_2$$P_1=P_2$$P_3$$$k*P = P+P+\dots+P$$$m$$M$$G$$M = m*G$$(m,M)$