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EarnBet is an online decentralized casino operating on the wax chain and its token, BET (listed on Binance Dex and Uniswap) can be used to earn passive income as the casino is 100% user owned with 100% of dividends being paid to token holders.
Recently, EarnBet partnered up with ChainLINK and Dapp radar listed it as the top dapp token in the gaming and gambling sub section of the blockchain industry, just to put into perspective the popularity and fame of the casino.
It is expected that the casino will soon incorporate 1000-slot machines and live poker into its decentralized platform which will attract even more players, thus increasing the dividends by ten fold (previous month's dividends alone was $60K)
The project is currently worth a mere $3 million with $5 million worth of dividends being paid out in the 2 years of its operation, which more than justifies its valuation and has the potential to grow.
Since the casino provides games such as Hilo, Blackjack, etc at the moment it still has viability of growth since the gambling industry of the U.S is worth $240 billion. If EarnBet could take a mere 0.1% market share, that would be a valuation of $240 million!
Stop scrolling and earn your share of dividends via Bitcoin now:https://earnbet.io

Bitcoin is often described as the 'first cryptocurrency' in media, but I vaguely remember there was some history before Satoshi's (amazing) implementation.

I remember hashcash (not a currency) which was used to prevent spam way before Bitcoin, and Bitcoin uses its idea.

What were the other attempts at cryptocurrencies or precursors before Bitcoin?

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy

Recently, Joost Jager, an independent Bitcoin Lightning developer, has described a micropayment network vulnerability that can lead to channel compromise with very little effort and cost. Joost says that he is already working on a solution to this problem.



The attack can be conducted through wumbo channels, which, in fact, allow for larger transactions between mutually agreed parties in the Lightning network. This channel removes the restriction on the total number of bitcoins that can be stored in a regular channel Lightning, which at current prices is about $1760. It also removes the approximate limit of $450 for the amount of an individual payment.

Jager said that wumbo channels can be used because the channel can't contain more than 483 hash codes and Time Lock Contracts (HTLCs) at any time, regardless of its capacity. Thus, a malicious entity sending itself 483 micropayments and holding the HTLC is enough to disable a channel for up to two weeks.

The developer has demonstrated that this can be achieved by using the maximum route length to add loops and additional contracts to quickly reach this amount in just a small initial cost, as in this example 0.058 BTC.





To solve this problem, we launched a new firewall project for Lightning nodes called Circuit Breaker. When asked if this "attack" is the largest unrevealed vector of an attack on LN today, he added that it depends on how you define the value of losses. There are other attacks that can make you lose money, which seems even worse. But this is one of the most serious problems in terms of not knowing how to solve it.

With wumbo channels the user can signal that he wants to send more BTC than usual limits and find the node he wants to get. Ordinary Lightning users who send micropayments will not be affected and this is a much better option for commercial and corporate payments.
Wumbo channels are becoming more and more popular and Bitfinex was the last one to announce their support:



Sources:

- https://twitter.com/joostjgr
- https://crypto.kg/threads/razrabotchik-raskryvaet-samyj-bolshoj-nerazreshimyj-vektor-ataki-v-seti-lightning.19441/
- https://twitter.com/bitfinex

Centralized Bank are going to destroying day by day. No doubt that bitcoin will get his King seat soon.
I am very hopeful with btc Sure we will see it in next 5 to 10 years.