What Bitcoin Did Will get Technical with Crypto-Educator Jimmy Music


On the most recent episode of What Bitcoin Did, host Peter McCormack interviews Jimmy Song, a advisor in blockchain training, to take an in-depth take a look at a comparatively latest incident on this planet of cryptocurrency and use that for example to segue right into a deeper dialogue on the doable trajectories of Bitcoin itself.

Discussing the CVE 2018 17144 bug, Music begins with a technical dialogue of how the bug functioned: Primarily, it allowed a bad-faith actor to spend the same amount of cryptocurrency a number of instances in the identical transaction. The problem, nevertheless, is {that a} profitable execution of this bug could be very tough and dear to carry out efficiently, can fail fairly simply as a consequence of elements completely past the scammer’s management, and finally might have deleterious results on your complete worth of bitcoin if efficiently carried out.

Music went on to explain how the specter of this potential bug was used as a speaking level within the back-and-forth debate between the assorted forks of Bitcoin, with some advocates of such altcoins claiming that totally different forks (comparable to Bitcoin Money) had been extra weak to this type of assault. These assertions had been then used to additional declare that the “maximalist” group ought to shoulder some type of duty to guard these forks, in what Music described as a cynical play to convey extra consideration to the exhausting forks.

Shifting on from a dialogue in regards to the politics of the assorted exhausting forks of Bitcoin, Music mentioned different doable safety measures to guard cryptocurrencies towards related bugs: from these associated to the technical, cybersecurity side to questions like what kind of banking protocol would supply one of the best protection towards this type of sleight-of-hand assault.

The dialogue between McCormack and Music goes into a substantial amount of technical element, and the entire dialogue is accessible now. Moreover, many episodes of What Bitcoin Did, in addition to the opposite podcasts on the LTB Community, are reside on the community’s website.

Source link

Related Posts

About The Author

Add Comment