Tag: Bitcoin Wallets

As Bitcoin continues to break new records, it might be time for you to take a moment to reconsider your security. The crypto market has come a long way in the last 11 years, but most of the sector remains unregulated. The ever-growing list of new features, networks, and exchanges can leave users feeling confused. Of course, the one thing everyone can agree on is that losing your cryptocurrency because you didn’t keep it stored safely is a real tragedy. …

The Lightning Network is a second layer protocol that enables new functionality and efficiency within the Bitcoin ecosystem. This off-chain solution introduces private payment channels that enable users to send and receive payments without adding congestion to Bitcoin's blockchain. Only once the channel closes, the transactions are sent to the blockchain. In this way, the Lightning Network plays a vital role in large scale adoption.  Lightning Network transactions are both faster and cheaper to send. Additionally, the Lightning Network now…

In Japan, a cryptocurrency company Freessets has announced a new technology for the enhancement of Bitcoin wallet privacy. The top enterprise cryptocurrency wallet provider came up with the new technology using a protocol in cryptography known as Private Information Retrieval (PIR). The technology was implemented using a customized version of Microsoft SealPIR which is among the PIR implementations. Microsoft SealPIR uses Microsoft SEAL, which is an entirely homomorphic encryption library. Based on the announcement on June 8, it is now possible for…