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Shao H. Wang

Shao H. Wang is a technical writer and game developer based out of Shanghai. He has been writing about crypto since 2018.

Number of Articles 6
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Shao H. Wang's Work 6 Articles
Opinion   -   Apr 27, 2022 BIP 119 Isn’t an Attack on Bitcoin, but Speedy Trial Is
BIP 119 Isn’t an Attack on Bitcoin, but Speedy Trial Is

An upgrade to the Bitcoin protocol is generating yet another controversy that threatens to split the chain. This time, the issue is BIP-119, a proposal to add the OP_CHECKTEMPLATEVERIFY opcode via a softfork. While the proposed change is generally uncontroversial, the consensus mechanism for accepting the change has catalyzed

by Shao H. Wang
News   -   Mar 25, 2022 USDT is Transacted Using the Lightning Network
USDT is Transacted Using the Lightning Network

In a historical first for the Lightning network, Synonym, a Bitcoin-powered service provider, demonstrated the first Tether (USDT) transaction in a Lightning channel. This was the first time a mainnet stablecoin was bridged to Lightning. The transaction was performed using Omni, a platform for creating custom digital assets on the

by Shao H. Wang
News   -   Jun 13, 2021 Tesla to Resume Bitcoin Transactions if Clean Energy Goals are Met
Tesla to Resume Bitcoin Transactions if Clean Energy Goals are Met

Nothing gets Elon Musk riled up like criticism of his soft weak hands. Amidst rumors that Tesla had further reduced its exposure to Bitcoin, Musk took to Twitter to deny selling at the peak. He reiterated a positive stance on the cryptocurrency, stating that Tesla would resume acceptance of bitcoin

by Shao H. Wang
News   -   May 30, 2021 Taproot Activation Appears Probable Despite Holdouts
Taproot Activation Appears Probable Despite Holdouts

A new Taproot signaling period has begun, and activation looks likely. Although it is only one day into the two-week signaling period, 97.92% of mined blocks have signaled readiness for Taproot deployment. The activation process follows the rules specified in Speedy Trial, which requires that 90% of blocks mined

by Shao H. Wang
News   -   May 25, 2021 Elon Musk’s Bitcoin Mining Council Fuels Controversy
Elon Musk’s Bitcoin Mining Council Fuels Controversy

Elon Musk and Microstrategy CEO Michael Saylor have come under fire after announcing the formation of a Bitcoin Mining Council to promote sustainability initiatives. The Bitcoin Mining Council is the result of a meeting between North American Bitcoin miners who have committed to publishing the details of their renewable energy

by Shao H. Wang
News   -   Sep 07, 2020 MuSig-DN Promises a Faster, Smaller, Cheaper Option for Secure Multisig
MuSig-DN Promises a Faster, Smaller, Cheaper Option for Secure Multisig

A persistent problem in cryptography is that of insufficiently random numbers.  Not-random-enough might sound like a contradiction in terms, but the issue has led to known attacks and real losses. On Thursday, the Blockstream research team introduced MuSig-DN, a proposal to overcome the vulnerabilities introduced by bad random number generators

by Shao H. Wang
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