Bitslog

As I promised, I’m publishing the preliminary paper on how to apply MAVE-3 to P2P cryptocurrency. I spent some time re-thinking everything and meanwhile (at 2 a.m.) I designed a new one-time digital signature algorithm with 1600 byte signatures, and 80 bit public keys, that is faster than RSA.  Better than Lamport’s but probably not […]

Some time have passed since my last post, mainly because I was working on two papers. One is MAVE (Digital Signature Protocol for Massive bulk verifications) and the other is HBOW (an application of MAVE to peer-to-peer currencies). What is special in MAVE is that it does not use classical digital signature algorithms  (e.g. asymmetric)  […]

One of the most debated aspects of Bitcoin is the use of the Proof-of-Work method to achieve consensus. Critics point to Bitcoin inefficiency and unbounded waste of resources. Other methods to achieve consensus are known, such as Byzantine-fault-tolerant protocols. Even if such alternatives may be more efficient, there are many practical problems that need to […]

I read a forum comment on bitcointalk.org that struck me, put my mind upside down, and allowed me to see a much different future for Bitcoin and the alternate coins. Although at the beginning the creation of alternate coins was seen by the Bitcoin community as something positive, now relations are getting rough between different […]

It has been said numerous times that Bitcoin is not truly anonymous. Almost everyone (except maybe some law enforcers) considers this to be a drawback. I won’t argue for or against anonymization in terms of privacy in this post. I want to analyze the effect of public transaction history in the bootstrapping of the coin. […]

Welcome to Bitslog. When I first read Bitcoin paper I rushed to analyze its source code.  I got fascinated for its simplicity. But also I found many things for improvement, both in the economic, cryptographic and protocol related areas. I found that Bitcoin performance could be boosted 10x with little protocol changes.  I can also […]