TL;DR: Crypto Dev Digest (CDD) documents cryptocurrency development, highlighting the projects and persons working under the hood. Buckle up. This is another huge digest! An OG Bitcoiner takes on the BCH difficulty adjustment algorithm (DAA) being broken. Zcash developers are funded for the next 4 years. CoinJoin scaremongering explained, and so much more.
BCH Difficulty Adjustment Algo Broken
Developer and mining expert Jonathan Toomim took on the issue of BCH difficulty adjustment algorithm. He was careful to note not seeing “any evidence of DAA manipulation” by mining pools and the subject of oscillation as is often alleged. “All of the problems I see in BCH’s hashrate appear to be intrinsic to the DAA’s behavior with naive rational mining strategies. But yes, it should be addressed.”
Toomim explained how the BCH DAA was a rush job late in 2017, only months after the for from BTC, in an effort “to fix some extreme mining profitability and hashrate swings.” What the DAA solved it then created in “a new problem of hashrate echoes or oscillations. Those echoes have gotten much worse in recent months.”
His video attempts to explain both the newer problem and how to fit it, “using both simulations of various difficulty algorithms and mining strategies as well as real-world data from Bitcoin Cash. In the video, make use of several tools which I’ve built. First, there’s the simulation program. You can access a public instance of that app at the following URL: http://ml.toom.im:8051 If you want to use this tool for more than 5 minutes, I recommend running your own instance locally. Performance will be much better that way. You can get the code here: https://github.com/jtoomim/difficulty… This requires python3 and dash (python3 -m ensurepip; pip3 install dash). The BCH graphs I generated for this video can be found at the links below: http://toom.im/bch_conftime.html http://toom.im/bch_hashrate.html http://toom.im/bch_height_vs_time.html http://toom.im/bch_height_vs_time_mar…
So long and thanks for all the extra lives. RIP, Hashimoto-san. https://t.co/VcNvoey1sq
— Jesse Powell (@jespow) February 27, 2020
Zcash Development Funded for Another 4 Years
We are thrilled(!!) to announce that Electric Coin Co. and @ZcashFoundation have approved a modified ZIP 1014, which funds #Zcash development for another 4 years — starting at NU4 activation.https://t.co/I3OfdbDLpF$ZEC #ZcashDevFund
— Electric Coin Company (@ElectricCoinCo) February 14, 2020
BCHD Will be a Mining Node Soon
We are actually working with Bitcoin Verde to validate the mining code in BCHD. It will be a mining node soon. 😀
— Josh Ellithorpe (@zquestz) February 15, 2020
SLP Developers Meeting #2 in the Books
Spedn 0.2.2 Released
Spedn 0.2.2 released! https://t.co/jD3Z78gz00
— Tendo Pein (@tendo_pein_sama) February 15, 2020
developers.cash Evolves Into a Resources Directory
Jim Hamill writes, “Last week i started work on https://developers.cash which i intend to turn into a developer directory that contains resources (Services, Libraries, Tools, Tutorials/Guides, Protocol specs, etc) for Bitcoin Cash.
“The idea of this service is that it does not contain the resources directly – but instead either links to it – or can, for some resources, render it direct on-site.
“For example, the resources listed currently are defined in a JSON file here:
“Each resource contains ‘actions’ which are shown as buttons when that resource is clicked. The simplest action ‘type’ is an external link. However, ‘markdown’ and ‘documentationjs’ types are also supported. These types are pulled ‘on-the-fly’ via an AJAX request and then rendered direct on page.
“Documentation JS example:
(Renders a JSON file generated with DocumentationJS).
“This is still early days and more of a PoC than anything at the moment. However, if anyone has any suggestions on features they’d like to see or would like to help contribute (once i’ve locked down the format of services.json), would very much appreciate the help and would gladly grant access to the repo.
“I anticipate being a bit busy with other work the next few weeks, but am hoping to have this project public (with full source available) before mid-March.”
fountainhead.cash Patreon Account
— blockparty_sh (@BlockpartySh) February 17, 2020
— Bitcoin.com Developer Services (@BitcoinComDevs) February 17, 2020
Something Cool on SimpleCash.co
Dividend Calculator Bottleneck Addressed
Not after the next release:https://t.co/haugUYIuqK
— Joey King (@BytesOfMan) February 18, 2020
New CashFusion Build
New CashFusion build points to a new server: https://c3-soft.com/downloads/BitcoinCash/Electron-Cash/Fusion
Sneak Peek of New Satochip.io Card for SLP Token
— James Cramer (@James_Cramer) February 23, 2020
CoinJoin Scaremondering Explained
Ignore CoinJoin scaremongering – educate yourself about the facts! https://t.co/dDKZ2iLUQE
— 6102 (@6102bitcoin) February 24, 2020
Bitcoin Unlimited will vote on BUIP142: Create #BitcoinCash testdata.
The purpose is to develop & maintain a public set of test cases and test data to complement the public #BCH specification.
Learn more: https://t.co/XKcLohhXzA
— Bitcoin Unlimited (@BitcoinUnlimit) February 25, 2020
Contribute to the BU Bitcoin Cash Specification
Read about the project history: https://t.co/X7SrC53316
— Bitcoin Unlimited (@BitcoinUnlimit) February 26, 2020
GitHub Student Developer Pack
— Corentin Mercier (@merc1er) February 26, 2020
More Love for revoke.cash
I gave my ERC20 allowances app https://t.co/RyYF5VyR6d some more love the past few days. It now shows 'Unlimited' allowance rather than huge 1.7e59 numbers, it lets you know when there are no allowances (thanks @rnbrady!) and it now has loading animations. See you at #ETHLondon! pic.twitter.com/hh9d09jJPc
— Rosco Kalis (@RoscoKalis) February 26, 2020
Open-Source Pulse Volume #10 Published
— The Future of Bitcoin Cash (@TheFutureofBCH) February 27, 2020
Crypto Card with an Actual USD Stablecoin
— Tobias Ruck (@TobiasRuck) February 27, 2020
Samourai Wallet: Mixing is Mobile
— TDevD [No KYC, no T&C, no 🍌] (@SamouraiDev) February 27, 2020
Still in Alpha but Coming Along Quickly
— Tyler Smith (@tcrypt25519) February 27, 2020
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DYOR: CoinSpice is your home for just spicy crypto things. We’re not affiliated with any cryptocurrency project or token. Each published piece is intended for information purposes only, not investment advice and not in the hope of impacting speculative markets. There are plenty of trading sites and coin-specific advocacy journals out there, we’re neither. CoinSpice strives for rigorous accuracy in our reporting. Information presented here is contingent usually on a host of factors, and the ecosystem moves fast — prices change, projects change, and at warp speed. Do your own research.
DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.