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Embed 1MB Files on the Bitcoin Cash Chain With the Blockupload Platform

Embed 1mb files on the bitcoin cash chain with the blockupload platform

Embed 1MB Files on the Bitcoin Cash Chain With the Blockupload Platform

Embed 1mb files on the bitcoin cash chain with the blockupload platform

The software developer known as Deswurstes revealed last week a new project he’s been working on that allowed people to upload files up to 1MB in size to the bitcoin Cash (BCH) testnet. On April 7, Deswurstes launched the first BCH mainnet version of Blockupload, a desktop platform that allows people to embed larger files into the blockchain without the need for the Interplanetary File System (IPFS).

Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’

Blockupload Allows for 1MB Uploads Embedded Into the bitcoin Cash Chain

The developer known as Deswurstes or Mcccs has announced a new project he’s been working on over the last eight months called Blockupload. The platform uses a BCH Op_Return transaction and P2SH in order to allow individuals to upload files to BCH up to 1MB in size. The upload size is higher than the Bitcoin Files project allows, which is roughly a max of 5kb or less, but when using IPFS bitcoin Files can upload much larger files. Deswurstes says his project doesn’t need IPFS and the open source repository on Github explains that Blockupload is a “user-friendly tool to upload your files to the BCH chain.”

“Last week I’ve introduced Blockupload so people could upload files to the BCH Testnet chain,” Deswurstes detailed on Sunday. “This week I’ve changed it so that we can show the power of on-chain scaling by making it work on the real bitcoin Cash.”

Embed 1mb files on the bitcoin cash chain with the blockupload platform

In order to give our readers some insight into this new project, news.bitcoin.com tested Blockupload Sunday afternoon. The platform is fairly intuitive and users simply choose a file of up to 1MB in size to upload and Blockupload will tell them how much it costs to embed the file. Users must check the disclosure tab, however, which explains that the uploader understands files should not infringe copyright law and does not contain classified information. All of the content added to the BCH chain is solely the uploader’s responsibility, the website details.

After choosing a file (a rare Pepe GIF) that was 899MB in size to test the app’s features, the platform generated an invoice address after “Continue” was pressed. In order to upload the Pepe GIF, the invoice asked for 0.04BCH or roughly $15 to embed it into the chain. Once the transaction is paid, the platform gives the user a window to add a change address during the end of the process as well. Following the change address output, Blockupload gives the user a hash so anyone can download the specific file after it’s broadcasted.

Embed 1mb files on the bitcoin cash chain with the blockupload platform

‘All Mimsy Were the Borogoves’: The Debate Over Uploading Arbitrary Data

Because $15 is pretty expensive to add an animated Pepe GIF to the chain, a text file was uploaded instead. Blockupload provides users with a notepad-like window so they can type or copy and paste any text they want into the upload window. The Blockupload platform will then convert the writing into a .txt file. Uploading a text file is significantly cheaper than embedding a larger file as the price to upload the Jabberwocky poem is only around 0.0002BCH or 6 cents.

Embed 1mb files on the bitcoin cash chain with the blockupload platform

The Jabberwocky poem is a very short nonsensical piece of writing by Lewis Carroll, the author of Alice in Wonderland. The poem’s text can be found in this specific BCH address and the hash from that address can be used to download its .txt file using Blockupload. In the address’ output section where the poem is located, the Op_Return can be seen in the UTXO data.

Embed 1mb files on the bitcoin cash chain with the blockupload platform

On social media forums like Reddit’s r/btc, the platform was welcomed by some but not by others. Some BCH fans expressed the opinion that using IPFS is a better and far cheaper alternative. The cost to use bitcoin Files is a good example compared to the cost of a 1MB upload on Blockupload, which is currently around $15. BCH developer Jonathan Toomim explained that the Sia protocol would be even more appropriate to use than IPFS. Meanwhile, other people thought the idea was great for anti-censorship and one person emphasized that right now the biggest threat on the web is censorship with scary regulations like EU’s Article 11 and 13. Essentially, they believe that individuals and organizations will pay for immutability if the web becomes far more censored in the future.

What do you think about Blockupload? Do you think uploading large files is a cool idea or do you think it is unnecessary? Let us know what you think about this project in the comments section below.

Disclaimer: OhioBitcoin.com does not endorse this product/service. Review editorials are intended for informational purposes only. This is the first release of this particular software and early versions can often be buggy. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. OhioBitcoin.com or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Image credits: Shutterstock and Blockupload.io


At OhioBitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

Tags in this story
1MB uploads, BCH, BCH OP_RETURN, bitcoin cash, Bitcoin Files, Blockupload, embed files, Files, Jabberwocky, Metadata, Mimsy Were the Borogroves, N-Featured, Op_Return, Output, Rare Pepe, transactions

Embed 1mb files on the bitcoin cash chain with the blockupload platform
Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.bitcoin.com about the disruptive protocols emerging today.

Published at Tue, 09 Apr 2019 02:15:05 +0000

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Bulgaria Could Slash its National Debt Thanks to Seized BTC

Whilst early investors are rejoicing about the recent surge in the price of bitcoin, the increase is delighting elsewhere too. As part of a national anti-corruption operation in Bulgaria back in May, the government there seized 213,519 BTC from organised criminals. Today, these coins are worth $3.6 billion, or to put it another way, around one fifth of the entire country’s national debt. At the time they were seized, they were only worth $500 million.

The confiscations followed a widespread crackdown by the Southeast European Law Enforcement Centre (SELC). ZeroHedge report that it was in response to cases of customs fraud perpetrated by organised criminals. A large-scale search of over 100 properties led to 23 arrests. Of this number, five were Bulgarian customs officers. Computers, tablets, bank documents, and other communications equipment were also seized. The story was picked up by Russia Today. According to them, the SELC said:

The organized criminal group consisted of Bulgarian nationals with connections in the former Yugoslav Republic of Macedonia, Greece, Romania, and Serbia.

Local police contend that the group had managed to infect customs’ computer systems with a virus. The goal was to falsify data about shipping containers. They would mark certain containers waiting to be exported as having already gone through the necessary checks prior to departure. Naturally, unchecked shipments could contain literally anything, and having such a compromised route for illicit goods is a very valuable asset to a criminal network. The SELC believe that the decision was made to use bitcoin as a way of storing profits because it’s more difficult to track and follow than traditional currencies.

What’s perhaps more interesting than the seizure itself is what the Bulgarian government plans on doing with the coins. For now, there has been no official announcement. Will they follow the US example of privately auctioning confiscated coin being as such a windfall could dramatically aid their economy. One Twitter user expressed the fear that’s sure to have crossed many minds:

https://platform.twitter.com/widgets.js

The temptation to flood the market with the seized coins must be strong being as Bulgaria could immediately repay 18% of their national debt instantly. However, they could equally decide to take the riskier strategy of becoming a long-term hoarder of the cryptocurrency and potentially use it to back their own currency in the future. Just a thought, Bulgaria. We wouldn’t want you to do anything too hasty now.

 

Image: ShutterStock

 

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