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(Any views expressed in the below should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment...

The OP_Return Wars of 2014 – Dapps Vs Bitcoin Transactions

Abstract: In this piece we explore why Dapps are typically built on Ethereum rather than Bitcoin, which takes us all the way back to March 2014. We...

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A collection of the most popular articles on Research.

The Complete Works



The OP_Return Wars of 2014 – Dapps Vs Bitcoin Transactions

TxWithhold Smart Contracts by Gleb Naumenko

Taproot Demonstration

Price of Anarchy from selfish routing strategies on the Lightning Network by Rene Pickhardt

A complete history of Bitcoin’s consensus forks – 2022 Update

Why Open Source Matters – Guix


OP_CTV – Summer Softfork Shenanigans

Mining Bull Market

Book review: The Cryptopians (by Laura Shin)

CoinPool FAQ

Don’t Wait For The Inflationary Endgame

Bitcoin’s Lowest Block Hash Values

Bitcoin Address Re-use Statistics

Checking Ethereum’s Total Supply

Ethereum’s New 1MB Blocksize Limit

Bitcoin vs Ethereum – Blockchain Size

Scamwicks and Stop Cascades

Preventing Channel Jamming

Bitcoin’s Carbon Footprint

Outsourced Stake

Ethereum’s Proof of Stake System – Calculating Penalties & Rewards

Mapping Out The Macro Endgame

BitMEX Research Is Now An Ethereum Staker

Proof of Reserves & Liabilities – BitMEX Demonstration

Fixing The Privacy Gap In Proof Of Liability Protocols

The Blocksize War – Chapter 21 – Victory

The Blocksize War – Chapter 20 – SegWit2x

The Blocksize War – Chapter 19 – Bitcoin Cash

The Blocksize War – Chapter 18 – New York Agreement

The Blocksize War – Chapter 17 – User-Activated Softfork

The Blocksize War – Chapter 16 – Litecoin

The Blocksize War – Chapter 15 – Dragons’ Den

The Blocksize War – Chapter 14 – ASICBoost

The Blocksize War – Chapter 13 – Exchanges


The Blocksize War – Chapter 12 – Bitcoin Unlimited

The Blocksize War – Chapter 11 – Scaling III – Milan

The Blocksize War – Chapter 10 – The DAO

Out of Order Block Validation with Utreexo Accumulators

Faster Blockchain Validation with Utreexo Accumulators

The Blocksize War – Chapter 9 – Faketoshi

Breaking Down The Fee Market (EIP-1559)

The Blocksize War – Chapter 8 – Hong Kong Roundtable

The Blocksize War – Chapter 7 – Bitcoin Classic

The Blocksize War – Chapter 6 – Lightning Network

The Blocksize War – Chapter 5 – SegWit

The Blocksize War – Chapter 4 – Scaling II – Hong Kong

The Blocksize War – Chapter 3 – Scaling I – Montreal

The Blocksize War – Chapter 2 – March To War

The Blocksize War – Chapter 1 – First Strike

Book Published: The Blocksize War

Taproot: You Betcha

January 2021 Cryptocurrency Exchange Review (From CryptoCompare)

Progress Towards Utreexo Goals

Bitcoin Miner Transaction Fee Gathering Capability

London 2012 – The Second Bitcoin Conference

Exchange traded Bitcoin products

Mitigating Channel Jamming with Stake Certificates

The Growth of Bitcoin Merge Mining

Current Status of the Utreexo Project

Call me Ishmael

Battle of the Dexes

Bitcoin Satellite

August 2020 Report Into Cryptocurrency Exchanges (From CryptoCompare)

Antminer S19 Pro vs Whatsminer M30S+ (Part 2) – Thermal Image Analysis

Antminer S19 Pro vs Whatsminer M30S+

July 2020 Report Into Cryptocurrency Exchanges (From CryptoCompare)

Bitcoin Softfork Activation Methodology

Call to action: testing and improving asmap

June 2020 Report Into Cryptocurrency Exchanges (From CryptoCompare)

Battle For ASIC Supremacy

May 2020 Report Into Cryptocurrency Exchanges (From CryptoCompare)

Subtleties and Security

The Crisis Happened: What’s Next?

April 2020 Report Into Cryptocurrency Exchanges (From CryptoCompare)

Ethereum 2.0

Life with SARS-CoV-2

March 2020 Report Into Cryptocurrency Exchanges (From CryptoCompare)

Mining Incentives (Part 4): The Impact Of The Halvening

Who Funds Bitcoin Development?

Central Bank Digital Currency

Inflation Is Coming

January 2020 Report Into The Cryptocurrency Exchange Industry (From CryptoCompare)

Lightning Network (Part 7) – Proportion Of Public vs Private Channels

Growth In The Level Of Precision Of Bitcoin Spending

Lightning Network (Part 6) – Over 60,000 Non-Cooperative Channel Closures

Build Systems & Security – Bitcoin Is Improving

Initial Exchange Offerings (Part 2) – Investment Performance Update


Lightning Network (Part 5) – BitMEX Research Launches Penalty Transaction Alert System

Bitcoin’s Initial Block Download

Benford’s Law & Cryptocurrency Trading Data


Bitcoin Cash’s October 2019 Hashrate Volatility Increase

Bitcoin’s Block Timestamp Protection Rules

ForkMonitor: Unexpected Inflation Detection and Warning System

The Bitcoin Foundation

Lightning Network (Part 4) – All Adopt The Watchtower

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