Ethereum: Is there a consensus on the particular improvement of Bitcoin needs?
In recent years, the decentralized Bitcoin administrative model has improved technology behind the community -based approach. However, this decentralization has also led to the criticism of certain encryption and security communities for the algorithmic design of Bitcoin.
One of the main concerns is the use of encryption reports based on SHA-256 for the integrity of data and non-network of the Bitcoin network. Although this model was considered safe at the time of its implementation, it was criticized for having been exposed to certain types of attacks, such as hash collisions.
Bitcoin algorithmic critic
In 2018, a group of cryptography experts published criticisms on paper on Bitcoin-based seals based on SHA-256. The writers said that the model was too simple and that the attacker could use the one who had access to the private keys used for the generation and the verification of keys.
A particular problem with the Bitcoin algorithmic design is the limited number of zero possible residues (NZR) in its encryption hatching functions. This restriction, combined with other vulnerabilities, such as a 32 -bit integer, has raised the concerns of certain experts on the security of the Bitcoin network.
Bitcoin algorithm Possible improvements *
In response to certain developers, some developers have suggested that improvements in Bitcoin algorithmic planning. A potential solution is to use more advanced encryption factors, such as Blake2 or Keccak-256. These algorithms are considered safer and resistant to certain types of attacks.
Another possible improvement is to increase the number of possible NRZ values in Bitcoin hash operations. This could be done by introducing layers of complexity in the decentralization process or using a completely different type of hash.
Current state of algorithmic development of Bitcoin
Bitcoin developers have been trying to improve the design of algorithms for many years. A key project is the development of Bitcoin Improvement (BIP) 14, which aims to provide additional layers of the complexity of the bitcoin encryption of encryption.
The BIP-14 proposal presents a new type of hash function called Blake2B, designed to be more secure and more durable for certain types of attacks. However, the implementation of this proposal was obtained with the resistance of certain developers, who claim that it adds unnecessary complexity to the Bitcoin network.
conclusion
Although there are potential improvements in the algorithmic design of Bitcoin, the decentralized administrative model used in the project raises important questions of compromise between security and decentralization. As the Bitcoin community is developing and developing new solutions to improve underlying technology, it will be interesting to see how these proposals are implemented and, ultimately, offer sufficient security and diversification of the network.
Sources:
- “Bitcoin algorithm’s cryptographic review” (cryptography group of experts)
- “SHA-256 problem in Bitcoin” (developer of articles that sought to improve the design of Bitcoin algorithm)
Note: The article is based on information accessible to the public and does not necessarily reflect the current state of algorithmic Bitcoin development.