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Simple Ledger Developers Publish Monthly Puzzle With Bitcoin Cash Treasure

09/12/2018 by Idelto Editor

Simple Ledger Developers Publish Monthly Puzzle With Bitcoin Cash Treasure

In late November, the creators of the Simple Ledger Protocol announced the launch of Ledger Treasure, a contest in which contestants must solve a puzzle to win over $100 worth of bitcoin cash (BCH). On Dec. 6, Simple Ledger developer James Cramer revealed the winner of the first puzzle solved by gaining access to the BCH funds locked in a special P2SH address.

Also read: Previously Inactive Whales Are Moving Large Amounts of BTC

Simple Ledger Treasure

Simple Ledger Developers Publish Monthly Puzzle With Bitcoin Cash TreasureDevelopers of the Simpleledger.io (SLP) project are hosting a monthly contest that offers the chance to win over $100 worth of BCH for solving a puzzle. The team will be giving away BCH after crafting a solvable puzzle and publishing it with the project’s monthly newsletter. On Dec. 6, the first winner received 1 BCH for unlocking the funds contained in a bitcoin cash P2SH address. The first issue of the Ledger Treasure newsletter sent out to registrants contained the maiden puzzle, called “Stashed Cash 1.” The 1 BCH of locked funds in a P2SH address was solved one hour after the puzzle was published, explained its creator James Cramer.

Simple Ledger Developers Publish Monthly Puzzle With Bitcoin Cash Treasure

The first thing people need to do to solve the puzzle is load a script template JSON file into the P2SH.cash website, a tool that enables a P2SH spend, a calculator, and oracle. After loading the template, the user needs to actually search for the address with the funded BCH inside. If the treasure hunter doesn’t understand much about P2SH script then the puzzle gives a great lesson about the protocol. In order to complete it, the contestant needs to fill in the blanks within the “redeem script” section. A math equation is then presented within the script template which shows the basics of how stack-based math operates.

“The final requirement of this puzzle was to interact with the Ledger Treasure Newsletter, which is accomplished using the ‘Oracles’ tab of the P2SH.cash website,” explained Cramer’s blog post on the subject. “The oracle’s public key was required for the redeem script section and the unlocking script section oracle’s signature was required for the unlocking script section in the ‘Spend P2SH’ tab,” the developer added.

The creator of the Ledger Treasure Newsletter hunt continued by stating:   

The only way to obtain a valid signature for this puzzle is to first be a subscriber of the Ledger Treasure newsletter.

Simple Ledger Developers Publish Monthly Puzzle With Bitcoin Cash Treasure

More Difficult Bitcoin Cash P2SH Puzzles Are on the Way

Cramer concluded that the first puzzle was a success and stated that at least three other challengers solved it within three days. The Simple Ledger developer said that he looks forward to devising more puzzles and that the first one wasn’t that hard. Eventually, the creator intends to make the puzzles significantly more difficult as time passes but still wants to create simple puzzles for new visitors. Cryptocurrency enthusiasts who want to attempt to solve the next Ledger puzzle need to sign up for the newsletter before the second edition is published on the first of January.

What do you think about the Simple Ledger treasure hunt? Let us know what you think about this subject in the comments section below.


Images via the Ledger Treasure newsletter, SLP, and Shutterstock. 


Need to calculate your bitcoin holdings? Check our tools section.

The post Simple Ledger Developers Publish Monthly Puzzle With Bitcoin Cash Treasure appeared first on Bitcoin News.

Filed Under: BCH, Bitcoin Cash, cryptocurrency, Digital assets, English, game, Games, James Cramer, Ledger Treasure Newsletter, N-Featured, News Bitcoin, newsletter, P2SH, P2SH address, P2SH Script, puzzle, Simple Ledger Protocol, Simpleledger.io, Solving, treasure hunt

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide

04/04/2018 by Idelto Editor

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide

A number of social media networks, forums and platforms have been cracking down on bitcoin-related news stories recently. This desire to protect users against cryptocurrency scams is also hurting legitimate voices. So join the hundreds of thousands of dedicated news.Bitcoin.com followers – using a variety of tools – to make sure no monopoly can ever limit access to this vital information.

Also Read: Reddit Removes Bitcoin Payment Option, Censors Darknet Forum

Telegram

Telegram is a relatively new messaging service, but a tool you are probably already familiar with if you are active in the cryptocurrency community as it is very popular with trader groups and ICO projects. Our official channel is followed by almost 80,000 people.

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide

If you have the Telegram app installed on your phone just click on ‘view channel’ and if you want to view it inside your browser just select ‘open in web’. If you don’t have an account with Telegram yet, click on ‘Try it now!’ at the top to get one and then return to the channel.

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide

Once you can see the channel just hit the ‘Join’ button so you will be notified whenever a new story is published. Unlike other places, here you both like and dislike posts.

Twitter

Despite recent developments, Twitter is still one of the most active spaces in the bitcoin community for open discussions and our profile page is right at the heart of it all. Joining the almost 300,000 people who engage with us this way couldn’t be easier, just click ‘follow’.

Follow @BTCTN

Newsletter

Email has been around for decades now, and while it is not as popular as it once was, it is still a very reliable method to get your news delivered straight to you without a filter. We offer two newsletter options, daily and weekly.

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide

Look for this widget on the right side of the screen if you’re on a computer, or scroll down until you find it if you’re on mobile. Once you select the desired frequency you will only need to enter a name and an email address.

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide

Lastly, check your inbox for the confirmation email and verify the subscription. If you don’t see this email within a minute, make sure to check your spam filter and whitelist our address.

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide
Confirmation email

RSS Feed

RSS feeds were also once much more popular but remain quite effective to this day. While several RSS readers have been discontinued, the Firefox browser still supports the feature, just go to our RSS page and click on ‘Subscribe Now’. If you are using Chrome without an RSS add-on, there is nothing to worry about, just skip to the next option.

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide

Browser Notifications

The browser notification feed is a relatively new feature that you must have noticed popping up all over the internet. On the Chrome browser you should enter our home page and see a prompt at the bottom, just click ‘Allow’.

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide

On the Firefox browser hit the little bell icon to enable browser notifications.

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide

Youtube

Besides text-based articles, we also offer certain news content in a short video format on Youtube. To follow our daily clips here just go to our Official Channel, click ‘Subscribe’ and then the bell icon that will appear.

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide   Instagram

If you are a visual person, or otherwise inclined to get the news while admiring our artistic talents, make sure to add us on Instagram. The process couldn’t be easier, just go to our Profile Page and hit ‘Follow’.

Never Miss Any Critical Bitcoin Related News Again With This Easy Guide   Podcast

Lastly, make sure you follow our weekly show on your favorite podcast app. The service is available on iTunes, Spotify and Stitcher.

What is the best way to follow bitcoin news? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Telegram, Youtube and Instagram.


Do you want to talk about bitcoin in a comfortable (and censorship-free) environment? Check out the Bitcoin.com Forums — all the big players in Bitcoin have posted there, and we welcome all opinions.

The post Never Miss Any Critical Bitcoin Related News Again With This Easy Guide appeared first on Bitcoin News.

Filed Under: Bitcoin News, bitcoin newsletter, Censorship Resistance, English, Instagram, N-Featured, News Bitcoin, newsletter, RSS, Telegram, Twitter, YouTube

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