🚀 Bitcoin Core Passes Third-Party Security Audit with High Marks
#BitcoinCore #SecurityAudit #Quarkslab #OSTIF #OpenSource #P2P #BlockValidation #BitcoinNetwork #Cplusplus #Security #FuzzTesting #TransactionValidation #DenialOfService #BitcoinDevelopment #BTC
According to PANews, Bitcoin Core has successfully completed its first third-party security audit, confirming the software's maturity and security in safeguarding the Bitcoin network. The audit was conducted by French security firm Quarkslab, commissioned by the Open Source Technology Improvement Fund (OSTIF) and implemented on behalf of Bitcoin Core development funding organization Brink.
The audit spanned 104 days from May to September, focusing on the project's most sensitive components, particularly the P2P layer and block validation logic. Despite the extensive codebase, which includes over 200,000 lines of C++ code and more than 1,200 deployed test cases, auditors found Bitcoin Core to be "highly mature and thoroughly tested."
No high or medium severity vulnerabilities were discovered, only two low severity issues and several improvement suggestions related mainly to fuzz testing tools and test coverage. These findings did not affect the consensus mechanism, denial-of-service resistance, or transaction validation.#BitcoinCore #SecurityAudit #Quarkslab #OSTIF #OpenSource #P2P #BlockValidation #BitcoinNetwork #Cplusplus #Security #FuzzTesting #TransactionValidation #DenialOfService #BitcoinDevelopment #BTC
🚀 Majority of Top U.S. Banks Developing Bitcoin Products
#TopBanks #BitcoinProducts #Cryptocurrency #USBanks #FinancialInstitutions #BitcoinDevelopment #CryptoMarket #PANews #RiverReport #BTC
According to PANews, a report by River indicates that 14 out of the 25 largest banks in the United States are currently working on developing Bitcoin products for their clients. This move highlights the growing interest and involvement of major financial institutions in the cryptocurrency market.#TopBanks #BitcoinProducts #Cryptocurrency #USBanks #FinancialInstitutions #BitcoinDevelopment #CryptoMarket #PANews #RiverReport #BTC
🚀 Bitcoin Core Developer Gloria Zhao Resigns from Maintainer Role
#BitcoinCore #GloriaZhao #DeveloperResignation #OpenSource #BitcoinDevelopment #MempoolValidation #TransactionForwarding #FeeEstimation #CryptoSecurity #Bitcoin #KeyRevocation #BTC
Bitcoin Core developer Gloria Zhao has resigned from her maintainer position and revoked her cryptographic signing key. According to PANews, Zhao has been focused on areas such as mempool validation, transaction forwarding, and fee estimation. Her resignation does not impact Bitcoin's consensus rules, network security, or transaction processing.
The report highlights that resignations and key revocations are common practices in open-source projects. Bitcoin Core maintainers are a trusted group of developers responsible for code review, approving updates, and digitally signing official releases. Zhao has contributed to Bitcoin Core development for over six years, but her work did not involve altering the underlying protocol rules of Bitcoin. Zhao has not commented on the specific reasons for her departure.#BitcoinCore #GloriaZhao #DeveloperResignation #OpenSource #BitcoinDevelopment #MempoolValidation #TransactionForwarding #FeeEstimation #CryptoSecurity #Bitcoin #KeyRevocation #BTC
🚀 Bitcoin Developers Propose Pay-to-Merkle-Root to Mitigate Quantum Risks
#Bitcoin #P2MR #QuantumComputing #Taproot #BitcoinUpgrade #Privacy #TransactionSize #BitcoinDevelopment #Cryptocurrency #QuantumRisks #BTC
Bitcoin developers have introduced a new output type known as Pay-to-Merkle-Root (P2MR) to address potential long-term risks posed by quantum computing. According to NS3.AI, this new approach aims to eliminate the vulnerable key-path spend option found in Taproot. While P2MR increases transaction size and costs, and reduces privacy due to mandatory script-path reveals, it is designed as an optional upgrade. This proposal underscores Bitcoin's gradual and voluntary upgrade process, which is crucial for preparing against future quantum threats.#Bitcoin #P2MR #QuantumComputing #Taproot #BitcoinUpgrade #Privacy #TransactionSize #BitcoinDevelopment #Cryptocurrency #QuantumRisks #BTC
🚀 Bitwise Commits $233,000 to Support Bitcoin Development
#Bitcoin #Crypto #Blockchain #BitcoinDevelopment #OpenSource #ETF #Bitwise #Cryptocurrency #CryptoSupport #BTC
Bitwise Asset Management has announced a donation of $233,000 to support Bitcoin open-source developers. According to NS3.AI, this contribution will be distributed among three nonprofit organizations dedicated to enhancing the Bitcoin ecosystem. Bitwise's initiative is part of its commitment to allocate 10% of the gross profits from its Bitcoin ETF (BITB) annually to support the Bitcoin network. As the BITB ETF continues to expand, Bitwise intends to increase its financial support for critical protocol and security projects that are vital for maintaining the stability of the Bitcoin network.#Bitcoin #Crypto #Blockchain #BitcoinDevelopment #OpenSource #ETF #Bitwise #Cryptocurrency #CryptoSupport #BTC
🚀 Human Rights Foundation Allocates 1.5 Billion Satoshis to Bitcoin Projects
#HumanRights #Bitcoin #Satoshi #BitcoinDevelopment #OpenSource #Privacy #Payments #Education #GlobalInitiative #Innovation #BTC
The Human Rights Foundation (HRF) has distributed 1.5 billion satoshis through its Bitcoin Development Fund to support 26 projects aimed at enhancing Bitcoin infrastructure, privacy, payments, and education. According to NS3.AI, these grants are intended for open-source developers, researchers, and community initiatives across regions including Asia, Africa, Latin America, and the Caribbean. The initiative underscores HRF's commitment to fostering innovation and development within the Bitcoin ecosystem.#HumanRights #Bitcoin #Satoshi #BitcoinDevelopment #OpenSource #Privacy #Payments #Education #GlobalInitiative #Innovation #BTC
🚀 Bitcoin Core Developers to Demonstrate 'Attack Blocks' on Signet Test Network
#BitcoinCore #SignetTestNetwork #AttackBlocks #BIP54 #ConsensusVulnerability #GreatConsensusCleanup #BitcoinDevelopment #BTC
Bitcoin Core developers are set to showcase 'attack blocks' on Bitcoin's Signet test network at 10 AM EST on April 7. According to NS3.AI, these blocks are engineered to require significantly more time to verify compared to standard blocks. This demonstration aims to highlight a critical consensus vulnerability that the Great Consensus Cleanup seeks to resolve through BIP 54.#BitcoinCore #SignetTestNetwork #AttackBlocks #BIP54 #ConsensusVulnerability #GreatConsensusCleanup #BitcoinDevelopment #BTC
🚀 Quantum Computers: Catalyst for Technological Evolution, Not a Threat to Bitcoin
#QuantumComputers #Bitcoin #Cryptocurrency #TechnologicalEvolution #QuantumResistance #BIP360 #Ethereum #NS3AI #BitcoinDevelopment #EthereumUpgrade #BTC #ETH
Quantum computers are not considered an existential threat to Bitcoin, according to Bernstein. Instead, they are viewed as a catalyst for technological evolution. According to NS3.AI, the risk posed by quantum computing is not new and extends beyond cryptocurrencies. Developers of Bitcoin and Ethereum are actively working on quantum resistance through initiatives like the BIP360 proposal and Ethereum upgrade roadmaps.#QuantumComputers #Bitcoin #Cryptocurrency #TechnologicalEvolution #QuantumResistance #BIP360 #Ethereum #NS3AI #BitcoinDevelopment #EthereumUpgrade #BTC #ETH