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Bitcoin is its own network state, to borrow a term from Balaji Srinivasan. That is, while Bitcoin proponents aren’t bound to one geographical region (quite the opposite, actually) they have collective power and can enact change.

We just saw some version of this power exercised in the U.S. political sphere, as the Bitcoin (and crypto) lobby fiercely supported pro-Bitcoin candidates in the recent U.S. election cycle. Because this lobby was…

Safenet is Safe’s bid for an ‘onchain VisaNet’

Post author By Blockworks
Post date 1Y

New cross-chain solutions are tackling persistent challenges presented by Ethereum’s rollup-centric roadmap.

Safe’s Safenet, planned for release in 2025, aims to operate as a transaction processor network atop existing blockchains, offering execution guarantees for cross-chain transactions.

Safenet’s design — announced today — introduces a set of capabilities targeting longstanding issues in DeFi, such as speed, security and liquidity fragmentation. It reimagines transaction processing by unbundling execution and settlement, akin to VisaNet’s architecture.

At its core, Safenet aims to dramatically improve transaction efficiency, processing transactions in under one…

Why Bother Trying To Scale Bitcoin?

Post author By BitcoinMagazine
Post date 1Y

The public discussion around scaling in the last few years has become poisoned and captured by an incredibly toxic and defeatist attitude: “Why bother?”

“Why bother trying to scale? Basic napkin math shows it’s impossible no matter what we do for everyone to self custody.”

“Why bother trying to scale? People are stupid and lazy anyway, even if we did people would just use a custodian anyways.”

“Why bother trying to scale? I’ve got mine, I’ll…