Layer 2 refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major cryptocurrency networks.
For instance, Bitcoin and Ethereum are still not able to process thousands of transactions per second (TPS), and this is certainly detrimental to their long-term growth. There is a need for higher throughput before these networks can be effectively adopted and used on a wider scale.
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This is the eighteenth episode of the Lightning Junkies podcast. On this episode of the podcast, we have Daniel Goldman talking about Bitcoin and Ethereum layer two constructions. He spends the first half of the podcast laying out the first layer two constructions, nuances of the various constructions and more! The second half of the episode, we generally contrast Bitcoin, Ethereum, and talk about Lightning at various points too.
We talk about:
Background and Bitcoin
First Lightning Transaction
Layer 2 on Ethereum
Contrasting Different Layer 2 Solutions
Contrasting Different L2 Constructions
Porting over Ethereum L2 to Bitcoin?
Plasma on Bitcoin?
Layer 2 Usage on Ethereum
Lightning First Mover Advantage on Bitcoin?
Privacy vs Auditability
Privacy on Layer 2
Philosophy (David Hume)
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Bitcoin Ransom: Hacker Group Releases Layer 1 Of “Damaging” 9/11 Papers
A group going by the name “thedarkoverlord” has been threatening to release 9/11 papers in lieu of a Bitcoin ransom. They demand a huge sum of money in Bitcoin. $2 million, to be exact, to either release or withhold the documents. They claim to have hacked several insurance companies with confidenti…
#Bitcoin #Ransom #Hacker #Group #Releases #Layer #1 #Of #“Damaging” #9/11 #Papers
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This is a video about a research project for NJIT class CS 656851
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Keep Network is building a privacy layer for the Ethereum Blockchain. Whereas it is the nature of public blockchains to create immutable and transparent records designed for audit-ability, it is the ambition of Keep to enable privacy and confidentiality on the very same blockchains. The service that Keep Network is providing is called “a keep”, which essentially is an off-chain container for private data.