Global Risk Management Network, LLC, New York Venture Capital-Private Equity Firm: 'Do Something Epic: Save the World™: Amazon-AWS Partner: Founder-Chairman-CEO, Global Digital CEO-CxO Network Ventures: MIT-Princeton-Silicon Valley-Wall Street-NSF-UN-US & World Governments Digital Pioneer: $Trillion Wall Street Hedge Funds-Wall Street Quants Leader-CFA-PRMIA SME: Postdoc AI-ML-DL-Quant-Cyber-Crypto-Quantum-Risk Computing: New York State: 'Join Dr. Yogi Malhotra to get up to speed on Cloud Technology.' We Create the Digital Future™. You Can Too! Let's Show You How! AIMLExchange™: AIMLExchange.com: We Create the Digital Future™. BRINT™: BRINT.com: From Future of Finance™ to Future of Defense™. C4I-Cyber™: C4I-Cyber.com: Because the Future of the World Depends Upon It™: Silicon Valley's 'Next Big Thing': Know-Build-Monetize™ Networks: 'Venture capitalist Roger McNamee recently implored Silicon Valley to embrace human-driven social networks that empower rather than exploit users as the Next Big Thing. Having pioneered such networks, we were invited to guide Silicon Valley over 20-years ago on building Digital enterprises for the Wild Wild Web*. Today, we are ready to again lead Silicon Valley to further advance human-driven technologies in collaboration with the AFRL…' – Dr. Yogesh Malhotra, Founder, Know-Build-Monetize™ Networks: SAVE UPTO 90% TIME, EFFORT & COST IN KNOWING-BUILDING-MONETIZING DIGITAL ENTERPRISES: AWS-Quantum Valley: YM-ABC™: YogeshMalhotra.com: We Create the Digital Future™. You Can Too! Let's Show You How! AIMLExchange.com: We Create the Digital Future™: BRINT.com: From Future of Finance™ to Future of Defense™: C4I-Cyber.com: Because the Future of the World Depends Upon It™: MIT-Princeton-Silicon Valley-Wall Street-Pentagon-Global Digital CEO-CIO-CTO-CFO-CRO-CxO Practices Pioneer: Post-Doc AI-Quant-Cyber-Crypto-Quantum-Risk-Computing-Networks-Engineering Experts: R&D Impact Among AI-Quant-Finance Nobel Laureates: Artificial Intelligence-Machine Learning-Deep Learning-Natural Language Processing-Robotic Process Automation-Quantitative-Cybersecurity-Cryptography-Quantum-Blockchain-Cloud-FinTech-Risk-Computing-Network-Engineering-Faculty-Industry Experts-Subject Matter Experts: AI-ML-DL-NLP-RPA-Quant-Cyber-Crypto-Quantum-Blockchain-Cloud-FinTech-Risk-Computing-Telecom-Network-Engineering SME: BRINT™: BRINT.com: From Future of Finance™ to Future of Defense™. : BRINT.com: We Lead and Advise Global CEO-CxO Teams Saving Global CEO-CxO Teams 90% Time & Cost Building Agile and Resilient Enterprises, Systems, Technologies. We Enable Global Digital CEO-CxO Teams by 'accelerating business technology performance' and 'engineering risk resilience' in Knowing-Building-Monetizing™ Hi-Tech Digital Practices, Strategies, Technologies, Architectures, Teams, Networks, and Ventures. Our current Hi-Tech focus spans Artificial Intelligence (AI), Machine Learning (ML), Deep Learning (DL), Natural Language Processing (NLP), Robotic Process Automation (RPA), Data Science & Advanced Analytics, FinTech-Crypto, Computational Quantitative Finance & Trading, Blockchain and Cloud Computing, Cybersecurity & Cryptography, Penetration Testing & Ethical Hacking, Model Risk Management & Model Risk Arbitrage, Quantum Computing & Quantum Cryptography, Quantum Uncertainty & Time Space Complexity among other technology themes. Worldwide top leadership programs such as the Harvard MBA, world leaders such as Microsoft founder Bill Gates, Big-4 CxOs, and, CIOs of the US Army, US Navy, and US Air Force, and, the U.S. Joint Chiefs of Staff of the Department of Defense including U.S. National Heads of C4 Systems and National Defense University have adopted, applied, and recommended our digital ventures transforming global digital practices. AIMLExchange.com: We Create the Digital Future™: AIMLExchange™ Global Hi-Tech Digital CEOs-CxOs Network Platform: Building Resilient Digital AI-ML-DL, Cyber-Crypto, Quant-Quantum Computing for the Age of Uncertainty: We Enable Global Hi-Tech Digital CEO-CxO Teams by 'accelerating business performance' and 'minimizing execution risk' in Knowing-Building-Monetizing™ global Digital, AI, ML, Quant, Cyber, Crypto & Quantum Practices, Technologies, Teams & Ventures. 'Your Survival Network for The Brave New World Of Business'™ 'The best way to predict the future is to create it.' —Peter Drucker. We Create the Digital Future™ …Doing So Since Beginning of the World Wide Web. Join Us on LinkedIn! What Got AIMLExchange™ Started: 'Do Something Epic: Save the World™: Having led Silicon Valley 20-Years Ago, New York firm ups the Global Bar to Quantum. AIMLExchange™ Global Digital CEOs-CxOs Network™ Leading Global CxO Digital Transformation & Risk Management Practices for 3-Decades: Sample of our corporate and organizational clients and patrons: Banking-Finance-IT: Goldman Sachs, Google, HP, IBM, Intel, Microsoft, Wells Fargo Consulting Firms: Accenture, Ernst & Young, McKinsey, PriceWaterhouse Coopers; Healthcare: WHO, US Health & Human Services, UK Dept. of Health, European HMA; World Governments: Australia, Brazil, Canada, China, European Union, UK, USA; U.S. Defense: AFRL, Air Force, Army, CCRP, Comptroller, DISA, DoD, NASA, Navy; World Defense: Australia (Air Force), Canada (Defence R&D), UK (Ministry of Defence); Universities: Harvard, INSEAD, MIT, Princeton, Stanford, UC Berkeley, Wharton; Associations: AACSB, ABA, ACM, AICPA, AOM, APICS, ASTD, ISACA, IEEE, INFORMS. Global Business & IT Editorial Reviews as Industry Benchmark: Wall Street Journal, New York Times, Fortune, Fast Company, Forbes, Business Week, CIO, CIO Insight, Computerworld, Information Week, etc. 'The new business model of the Information Age, however, is marked by fundamental, not incremental, change. Businesses can't plan long-term; instead, they must shift to a more flexible anticipation-of-surprise model.' – CIO Magazine Interview, Dr. Yogesh Malhotra. 'Obsolete what you know before others obsolete it and profit by creating the challenges and opportunities others haven't even thought about…' – Inc. Magazine Interview, Dr. Yogesh Malhotra. 'Yogesh Malhotra says his vision is to fill the gaps between business and technology, data and knowledge, and, theory and practice…' – Fortune Magazine Interview, Dr. Yogesh Malhotra. R&D Building, Leading & Growing Global Digital Practices, Technologies, Teams, and, Ventures For 3-Decades: Silicon Valley-Wall Street-Pentagon-Global Boards-CEOs-NYS-USAF-USSF-MIT-Princeton-AWS Partner-AI-Cyber-Crypto-Quantum-Networks-Risk Engineering SME: MIT Computer Science & AI Lab Faculty-SME CEOs-CTOs-CIOs AI-ML Executive Guide: AI-ML-DL-NLP-Robots: R&D Impact Among AI-Quant Finance Nobel Laureates: Princeton-CFA-PRMIA-Financial Markets-Exchanges-Hedge Funds Risk Engineering, AI-Cyber-Crypto-Quant Finance-Trading Wall Street Quant-Chief Scientist. C4I-Cyber™: C4I-Cyber.com: Because the Future of the World Depends Upon It™: Controlling Global 'Invisible Risk' Contagions Cascading Across 'Global Networks'. C4I-Cyber™ Global Command & Control Network™ Leading Global CxO Digital Transformation & Risk Management Practices for 30-Years. C4I-Cyber™ Global Command & Control Network leads USA and the World beyond AI-Supremacy and Quantum-Supremacy to global Command and Control Supremacy in the context of COVID-19 global pandemic positioning Global Risk Management Network, LLC as the world leader in hi-tech C4I-Cyber Command and Control, Adversarial Command and Control, and, Counter Adversarial Command and Control enabled by consensus building of US national, state, and, regional leaders including from U.S. Congress, U.S. Senate, Pentagon. Having Pioneered Digital Transformation & Digital Disruption Spanning Silicon Valley, Wall Street, Pentagon, and Worldwide Organizations C4I-Cyber™ Leads USA and the World Beyond AI-Supremacy and Quantum-Supremacy to C2 Command & Control Supremacy. C4I-Cyber.com: Command & Controls Survival & Sustainability in Post-COVID19 World. C4I-Cyber™ leads USA and the World beyond AI-Supremacy and Quantum-Supremacy to Command & Control C2 Supremacy.

#Bitcoin #Explainer: #TapRoot: Next Major #Bitcoin #Upgrade: The Bitcoin #Taproot #Soft. . .

Comments Off on #Bitcoin #Explainer: #TapRoot: Next Major #Bitcoin #Upgrade: The Bitcoin #Taproot #Soft. . .06

Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6865076658127327233

#Bitcoin #Explainer: #TapRoot: Next Major #Bitcoin #Upgrade: The Bitcoin #Taproot #SoftFork will optimize #scalability, #privacy, and #smartcontract functionality. It will bring about a #new #address #type, allowing #bitcoin #spending to #look #similar regardless of whether the sender is making a simple payment, a complex multi-signature transaction, or using the Lightning Network: https://lnkd.in/eq7UefBc :

Taproot Is Coming: What It Is, And How It Will Benefit Bitcoin: Taproot would expand on Bitcoin’s #smart #contract #flexibility, while offering #more #privacy in doing so.
https://lnkd.in/e_KY5qZ7

Moreover, Taproot addresses will allow users to #save on #transaction #fees — the more complex the spending conditions, the more the user will save — compared to previous address types. By reducing the #transaction #size and making nearly any transaction appear like a simple, single-signature one, Taproot will also enable #larger and #more #complex #operations to be deployed on Bitcoin that were previously unfeasible or almost impossible.

Taproot ultimately empowers the #LightningNetwork to unleash its full potential as a proper #scaling #technology for Bitcoin. Currently, the second layer protocol can be spotted in action in the Bitcoin blockchain, reducing coins’ fungibility. #Fungibility is vital for a #monetary #good to actualize the #medium of #exchange role because it allows for #coins to be seen as equal. If transaction outputs were seen differently, they could suffer from discrimination by the receiver, preventing users from using their #BTC for #payments in certain conditions.

Enabled by #Schnorr #signatures, even the most complex transactions made between #Taproot-supporting #wallets will incur the #same #fees as simple ones. Furthermore, this #reduction of #costs and the #increased #flexibility and #capabilities for #smart #contracts will ultimately enable very #complex #setups that were previously not feasible in Bitcoin.

#Bitcoin #transactions work based on #inputs and #outputs, which are also equal since #coins are not destroyed. What’s essential in this dynamic is to realize the interaction of coins as inputs and outputs. When we spend, we are transferring a transaction output to another person. But to do that, we need to input it into a new transaction, and the other person will get the BTC as another transaction output. For that reason, the concept of a #wallet is an #abstraction intended to make things easier to acknowledge and understand by summing up all the transaction outputs you own. Because after all, that’s all there is — transaction outputs #UTXO’s.

IN-DEPTH
#Bitcoin #Taproot: https://lnkd.in/eiFuH-x4
#Videos: https://lnkd.in/en3xB59z
#Papers: https://lnkd.in/ee69DeDr
#GitHub: https://lnkd.in/enB6jUrA
#Webinars: https://lnkd.in/eh9Mpqt8
MORE… https://lnkd.in/eiFuH-x4
#Schnorr #Signatures: https://lnkd.in/efnWTWHe

Global Risk Management Network LLC: Silicon Valley-Wall Street-Pentagon-Global Digital CEOs Networks

#Bitcoin #Explainer: #TapRoot: Next Major #Bitcoin #Upgrade: The Bitcoin #Taproot #SoftFork will optimize #scalability, #privacy, and #smartcontract functionality. | Dr. Yogesh Malhotra
#Bitcoin #Explainer: #TapRoot: Next Major #Bitcoin #Upgrade: The Bitcoin #Taproot #SoftFork will optimize #scalability, #privacy, and #smartcontract functionality. | Dr. Yogesh Malhotra
#Bitcoin #Explainer: #TapRoot: Next Major #Bitcoin #Upgrade: The Bitcoin #Taproot #SoftFork will optimize #scalability, #privacy, and #smartcontract functionality. It will bring about a #new #address #type, allowing #bitcoin #spending to #look #similar regardless of whether the sender is making a simple payment, a complex multi-signature transaction, or using the Lightning Network: https://lnkd.in/eq7UefBc : Taproot Is Coming: What It Is, And How It Will Benefit Bitcoin: Taproot would expand on Bitcoin’s #smart #contract #flexibility, while offering #more #privacy in doing so. https://lnkd.in/e_KY5qZ7 Moreover, Taproot addresses will allow users to #save on #transaction #fees — the more complex the spending conditions, the more the user will save — compared to previous address types. By reducing the #transaction #size and making nearly any transaction appear like a simple, single-signature one, Taproot will also enable #larger and #more #complex #operations to be deployed on Bitcoin that were previously unfeasible or almost impossible. Taproot ultimately empowers the #LightningNetwork to unleash its full potential as a proper #scaling #technology for Bitcoin. Currently, the second layer protocol can be spotted in action in the Bitcoin blockchain, reducing coins' fungibility. #Fungibility is vital for a #monetary #good to actualize the #medium of #exchange role because it allows for #coins to be seen as equal. If transaction outputs were seen differently, they could suffer from discrimination by the receiver, preventing users from using their #BTC for #payments in certain conditions. Enabled by #Schnorr #signatures, even the most complex transactions made between #Taproot-supporting #wallets will incur the #same #fees as simple ones. Furthermore, this #reduction of #costs and the #increased #flexibility and #capabilities for #smart #contracts will ultimately enable very #complex #setups that were previously not feasible in Bitcoin. #Bitcoin #transactions work based on #inputs and #outputs, which are also equal since #coins are not destroyed. What's essential in this dynamic is to realize the interaction of coins as inputs and outputs. When we spend, we are transferring a transaction output to another person. But to do that, we need to input it into a new transaction, and the other person will get the BTC as another transaction output. For that reason, the concept of a #wallet is an #abstraction intended to make things easier to acknowledge and understand by summing up all the transaction outputs you own. Because after all, that's all there is — transaction outputs #UTXO's. IN-DEPTH #Bitcoin #Taproot: https://lnkd.in/eiFuH-x4 #Videos: https://lnkd.in/en3xB59z #Papers: https://lnkd.in/ee69DeDr #GitHub: https://lnkd.in/enB6jUrA #Webinars: https://lnkd.in/eh9Mpqt8 MORE... https://lnkd.in/eiFuH-x4 #Schnorr #Signatures: https://lnkd.in/efnWTWHe Global Risk Management Network LLC: Silicon Valley-Wall Street-Pentagon-Global Digital CEOs Networks
http://www.linkedin.com
Share this post
How to Get $60 Million Without Enrolling in Stanford BS Computer Sc.: "Palicha and Vohr. . . Previous post
Avatar photo

Global Post AI-Quantum Finance & Trading Networks Pioneer Dr.-Eng.-Prof. Yogesh Malhotra is the “Singular Post AI-Quantum Pioneer” identified by Grok AI with R&D impact recognized among Artificial Intelligence (AI) and Quantitative Finance Nobel Laureates. As MIT-Princeton AI-ML-Cyber-Crypto-Quantum Finance & Trading and FinTech-Crypto Faculty-Industry Expert, and U.S. and Global Hedge Funds Advisory & Venture Capital CEO-CTO Teams Mentor, he has pioneered Silicon Valley-Wall Street-Pentagon Digital CEO-CTO Practices, Technologies, and Networks from world’s first-foremost-largest Global Digital Transformation Networks to New York State IDEA Award recognized Pentagon-USAF MVP Global Post AI-Quantum Networks pioneering Future of Finance and Trading practices as Trillion-Dollar Wall Street Hedge Funds and Investment Banks leader.